Australia - Cheese - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingAustralia's Cheese Exports Decrease to $43M in December 2023
Australia Cheese Exports
In December 2023, the amount of cheese exported from Australia declined notably to 9.2K tons, waning by -19.9% compared with the month before. Overall, exports saw a perceptible setback. The pace of growth was the most pronounced in February 2023 when exports increased by 52% month-to-month.
In value terms, cheese exports dropped markedly to $43M (IndexBox estimates) in December 2023. Over the period under review, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in February 2023 when exports increased by 42% against the previous month.
| COUNTRY | Export Value of Cheese in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Japan | 35.4 | 13.9 | 23.1 | 27.9 | 12.3 | 26.3 | 18.8 | 16.6 | 18.5 | 17.5 | 24.8 | 16.6 | 14.7 |
| China | 4.7 | 5.4 | 10.6 | 9.8 | 4.9 | 5.6 | 12.8 | 7.4 | 6.9 | 6.0 | 10.6 | 8.2 | 7.7 |
| Malaysia | 3.2 | 3.0 | 3.5 | 4.5 | 4.1 | 3.7 | 3.7 | 3.7 | 3.7 | 4.8 | 4.5 | 5.4 | 3.8 |
| South Korea | 3.6 | 1.7 | 3.2 | 3.3 | 2.4 | 3.8 | 3.8 | 3.6 | 2.6 | 2.3 | 4.1 | 4.9 | 2.2 |
| Singapore | 3.3 | 1.5 | 1.9 | 2.0 | 2.1 | 1.9 | 2.7 | 2.6 | 2.9 | 3.2 | 2.4 | 2.3 | 1.5 |
| Philippines | 4.8 | 1.9 | 4.8 | 2.8 | 2.6 | 2.2 | 1.7 | 3.3 | 3.0 | 2.4 | 3.2 | 2.7 | 1.5 |
| Thailand | 2.9 | 3.8 | 1.1 | 2.7 | 3.6 | 2.6 | 2.3 | 1.3 | 2.3 | 3.1 | 2.5 | 2.8 | 1.2 |
| Others | 11.7 | 10.2 | 10.7 | 11.2 | 11.3 | 12.0 | 12.3 | 17.5 | 11.8 | 11.8 | 11.1 | 14.0 | 10.0 |
| Total | 69.5 | 41.4 | 59.0 | 64.2 | 43.3 | 58.2 | 58.2 | 56.1 | 51.7 | 51.1 | 63.2 | 56.7 | 42.6 |
Exports by Country
Japan (3.4K tons), China (1.8K tons) and Malaysia (727 tons) were the main destinations of cheese exports from Australia, together accounting for 65% of total exports.
From December 2022 to December 2023, the biggest increases were in China (with a CAGR of +6.1%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, Japan ($15M), China ($7.7M) and Malaysia ($3.8M) appeared to be the largest markets for cheese exported from Australia worldwide, together accounting for 62% of total exports.
Among the main countries of destination, China, with a CAGR of +4.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Exports by Type
Unripened or uncured cheese (7.9K tons) was the largest type of cheese exported from Australia, accounting for a 86% share of total exports. Moreover, unripened or uncured cheese exceeded the volume of the second product type, processed cheese (excluding grated or powdered) (1.3K tons), sixfold.
From December 2022 to December 2023, the average monthly growth rate of the volume of export of unripened or uncured cheese was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: processed cheese (excluding grated or powdered) (+1.1% per month) and cheese, blue-veined (not grated, powdered or processed) (+43.3% per month).
In value terms, unripened or uncured cheese ($35M) remains the largest type of cheese exported from Australia, comprising 81% of total exports. The second position in the ranking was held by processed cheese (excluding grated or powdered) ($8M), with a 19% share of total exports.
From December 2022 to December 2023, the average monthly growth rate of the export volume of unripened or uncured cheese stood at -1.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: processed cheese (excluding grated or powdered) (+1.3% per month) and cheese, blue-veined (not grated, powdered or processed) (+40.4% per month).
Export Prices by Country
In December 2023, the cheese price amounted to $4,650 per ton (FOB, Australia), which is down by -6.3% against the previous month. Overall, the export price saw a mild decrease. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 13% month-to-month. As a result, the export price reached the peak level of $5,753 per ton. From August 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In December 2023, the highest price was recorded for prices to Singapore ($5,386 per ton) and Indonesia ($5,260 per ton), while the average price for exports to New Zealand ($4,107 per ton) and China ($4,240 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.2%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the cheese market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 901 - Cheese from Whole Cow Milk
- FCL 904 - Cheese from Skimmed Cow Milk
- FCL 905 - Whey Cheese
- FCL 907 - Processed Cheese
- FCL 955 - Cheese of Buffalo Milk
- FCL 984 - Cheese of Sheep Milk
- FCL 1021 - Cheese of Goat Milk
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
