Cheese And Curd Market in Argentina
Market Overview
In 
, the Argentinian cheese and curd market increased by % to $, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption failed to regain momentum.
In value terms, cheese and curd production shrank to $ in estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by +% against indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
, the Argentinian cheese and curd market increased by % to $, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption failed to regain momentum.In value terms, cheese and curd production shrank to $
in estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by +% against indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.Consumption
In , consumption of cheese and curd increased by % to tons, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, consumption hit record highs at tons in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
The size of the cheese and curd market in Argentina amounted to $ in , remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Cheese and curd consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.
, consumption of cheese and curd increased by % to tons, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, consumption hit record highs at tons in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.The size of the cheese and curd market in Argentina amounted to $
in , remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Cheese and curd consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.Market Forecast
The cheese and curd market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of cheese and curd in Argentina were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for cheese and curd.
Trade Balance
Argentina remains a net exporter of cheese and curd; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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