Whey Price per Ton June 2022

U.S. Whey Export Price per Ton June 2022

In June 2022, the whey price per ton amounted to $1,406 (FOB, US), surging by 2.6% against the previous month. Over the last five-month period, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in February 2022 when the average export price increased by 4.6% month-to-month. The export price peaked in June 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($3,601 per ton), while the average price for exports to China ($1,034 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Whey Exports

In June 2022, the amount of whey exported from the United States expanded rapidly to 57K tons, picking up by 6% compared with the previous month's figure. The total export volume increased at an average monthly rate of +9.7% from January 2022 to June 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in February 2022 with an increase of 23% month-to-month. The exports peaked in June 2022.

In value terms, whey exports rose rapidly to $80M (IndexBox estimates) in June 2022. Over the period under review, total exports indicated a prominent increase from January 2022 to June 2022: its value increased at an average monthly rate of +11.9% over the last five months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, exports increased by +75.1% against January 2022 indices. The pace of growth appeared the most rapid in February 2022 when exports increased by 28% month-to-month. Over the period under review, the exports attained the peak figure in June 2022.

U.S. Whey Exports by Country

China (27K tons) was the main destination for whey exports from the United States, with a 47% share of total exports. Moreover, whey exports to China exceeded the volume sent to the second major destination, Canada (5K tons), fivefold. Mexico (4.1K tons) ranked third in terms of total exports with a 7.2% share.

From January 2022 to June 2022, the average monthly growth rate of volume to China totaled +14.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (+3.4% per month) and Mexico (+10.8% per month).

In value terms, China ($28M) remains the key foreign market for whey exports from the United States, comprising 35% of total exports. The second position in the ranking was held by Mexico ($8.4M), with an 11% share of total exports. It was followed by Japan, with a 9% share.

From January 2022 to June 2022, the average monthly growth rate of value to China stood at +17.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+16.5% per month) and Japan (+20.9% per month).

Source: IndexBox Market Intelligence Platform