United Kingdom: Market for Processed cheese (excluding grated or powdered) 2024

Market Size for Processed cheese (excluding grated or powdered) in the UK

The UK market for processed cheese (excluding grated or powdered) fell to $X in 2022, waning by X% against the previous year. Overall, consumption showed a perceptible slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in the UK

In value terms, production of processed cheese (excluding grated or powdered) expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from the UK

In 2022, shipments abroad of processed cheese (excluding grated or powdered) decreased by X% to X tons, falling for the second consecutive year after five years of growth. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) dropped slightly to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Ireland (X tons) and France (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from the UK, with a combined X% share of total exports. The United States, Cyprus, Saint Vincent and the Grenadines, the United Arab Emirates, Spain and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed cheese (excluding grated or powdered) exported from the UK were Belgium ($X), Ireland ($X) and France ($X), together accounting for X% of total exports. Cyprus, the United States, the United Arab Emirates, Saint Vincent and the Grenadines, Spain and Sweden lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price recorded a slight contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into the UK

In 2022, purchases abroad of processed cheese (excluding grated or powdered) decreased by X% to X tons, falling for the sixth consecutive year after two years of growth. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of processed cheese (excluding grated or powdered) dropped to $X in 2022. Overall, imports showed a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest processed cheese (excluding grated or powdered) supplier to the UK, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, the largest processed cheese (excluding grated or powdered) suppliers to the UK were Belgium ($X), France ($X) and Germany ($X), together accounting for X% of total imports. Poland, Austria, the Netherlands and Ireland lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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