China remains a growth engine for global cheese trade

Rabobank expects Chinese cheese consumption to grow to 495,000 tons in 2030. Of this, between 270,000 and 320,000 will have to be imported. The bank sees sufficient opportunities for international cheese trading companies to respond to this. So far, the Netherlands is not in the list of largest cheese exporters to China. Cheese consumption per capita in China is 0.2 kilos. That is much lower than in neighboring countries such as Japan (2.5 kilos) and South Korea (3.7 kilos). This combined with the growth in the number of fast food restaurants, bakeries, tea shops and product innovations provides the basis for a gradual increase in demand for cheese in China, according to Michelle Huang, dairy analyst at Rabobank. Growing demand for cheese in China According to the new report, China's demand for cheese grew by almost 200,000 tons to 254,000 tons between 2012 and 2022. The bank expects an average annual growth rate (CAGR) of 9.1% for the coming years until 2030. Read more below the ...