Southern Asia: Cheese Market 2024

Cheese Market Size in Southern Asia

The South Asian cheese market declined slightly to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cheese Production in Southern Asia

In value terms, cheese production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Cheese Exports

Exports in Southern Asia

In 2022, approx. X tons of cheese were exported in Southern Asia; jumping by X% against the year before. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cheese exports surged to $X in 2022. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, India (X tons) represented the major exporter of cheese in Southern Asia, comprising X% of total export.

India was also the fastest-growing in terms of the cheese exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cheese supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Cheese Imports

Imports in Southern Asia

In 2022, after three years of decline, there was growth in purchases abroad of cheese, when their volume increased by less than X% to X tons. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cheese imports expanded modestly to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Afghanistan was the major importer of cheese in Southern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Maldives (X tons) took the second position in the ranking, followed by Sri Lanka (X tons), India (X tons), Bhutan (X tons), Bangladesh (X tons) and Pakistan (X tons). All these countries together held near X% share of total imports.

Afghanistan was also the fastest-growing in terms of the cheese imports, with a CAGR of X% from 2012 to 2022. At the same time, Maldives (X%), Bangladesh (X%), India (X%), Sri Lanka (X%) and Bhutan (X%) displayed positive paces of growth. By contrast, Pakistan (X%) illustrated a downward trend over the same period. While the share of Afghanistan (X p.p.) and Maldives (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.), Bhutan (X p.p.), Sri Lanka (X p.p.) and Pakistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cheese importing markets in Southern Asia were Maldives ($X), Afghanistan ($X) and India ($X), with a combined X% share of total imports.

Maldives, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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