China - Whey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhey Price in China - 2023
Contents:
- Whey Price in China (CIF) - 2023
- Whey Price in China (FOB) - 2022
- Whey Imports in China
- Whey Exports in China
Whey Price in China (CIF) - 2023
The average whey import price stood at $1,015 per ton in September 2023, which is down by -20.9% against the previous month. Overall, the import price saw a pronounced setback. The most prominent rate of growth was recorded in November 2022 an increase of 9.3% m-o-m. As a result, import price attained the peak level of $1,576 per ton. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Ireland ($2,349 per ton), while the price for the United States ($590 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ireland (+1.2%), while the prices for the other major suppliers experienced a decline.
Whey Price in China (FOB) - 2022
The average whey export price stood at $1,417 per ton in 2022, stabilizing at the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 56%. Over the period under review, the average export prices reached the maximum at $2,710 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($6,130 per ton), while the average price for exports to Singapore ($414 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 Italy (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Whey Imports in China
After three years of growth, purchases abroad of whey decreased by -16% to 603K tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year.
In value terms, whey imports fell to $938M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 36%.
| Import of Whey in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 117 | 212 | 289 | 298 | 36.6% |
| Germany | 60.7 | 71.2 | 85.6 | 90.3 | 14.2% |
| France | 110 | 101 | 117 | 89.4 | -6.7% |
| Netherlands | 53.6 | 79.6 | 88.6 | 77.1 | 12.9% |
| Ireland | 40.9 | 40.3 | 48.1 | 52.7 | 8.8% |
| Belarus | 28.7 | 50.8 | 66.4 | 44.8 | 16.0% |
| Poland | 26.9 | 48.2 | 51.5 | 37.4 | 11.6% |
| Finland | 18.2 | 23.2 | 22.2 | 24.2 | 10.0% |
| Argentina | 24.0 | 21.4 | 29.6 | 22.7 | -1.8% |
| Ukraine | 9.2 | 13.3 | 10.8 | 3.0 | -31.2% |
| Others | 109 | 149 | 198 | 199 | 22.2% |
| Total | 597 | 810 | 1,007 | 938 | 16.3% |
Top Suppliers of Whey to China in 2022:
- United States (309.0K tons)
- Netherlands (41.2K tons)
- Belarus (40.3K tons)
- France (39.9K tons)
- Germany (35.7K tons)
- Poland (31.3K tons)
- Ireland (24.3K tons)
- Argentina (16.3K tons)
- Finland (13.9K tons)
- Ukraine (2.3K tons)
Whey Exports in China
In 2022, shipments abroad of whey decreased by 0% to 192 tons, falling for the second consecutive year after two years of growth. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 101% against the previous year. As a result, the exports reached the peak of 318 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, whey exports stood at $273K in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, the exports reached the peak of $545K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Whey in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 80.2 | 0% |
| Italy | N/A | N/A | N/A | 37.9 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | 27.7 | 0% |
| Denmark | N/A | N/A | N/A | 26.0 | 0% |
| Singapore | N/A | 0.1 | N/A | 4.7 | 585.6% |
| Philippines | 3.0 | N/A | N/A | 3.3 | 3.2% |
| Yemen | 8.3 | N/A | N/A | N/A | 0% |
| Nigeria | 32.3 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | 12.6 | N/A | N/A | 0% |
| Guatemala | N/A | 7.6 | N/A | N/A | 0% |
| Finland | N/A | 173 | N/A | N/A | 0% |
| Netherlands | N/A | 60.3 | N/A | N/A | 0% |
| Others | 321 | 292 | N/A | 93.0 | -33.8% |
| Total | 364 | 545 | N/A | 273 | -9.1% |
Top Export Markets for Whey from China in 2022:
- Poland (82.6 tons)
- Hong Kong SAR (28.1 tons)
- Italy (12.4 tons)
- Singapore (11.5 tons)
- Denmark (9.3 tons)
- Philippines (5.0 tons)
This report provides an in-depth analysis of the whey market in China. 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 890 - Whey, Condensed
- FCL 900 - Dry Whey
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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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
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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
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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
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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
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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
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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
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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
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This report provides an in-depth analysis of the whey market in China.
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This report provides an in-depth analysis of the global whey market.
765
This report provides an in-depth analysis of the whey market in China.
881
This report provides an in-depth analysis of the global whey market.
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In August 2022, the whey price per ton stood at $1.6K (CIF, China), picking up by 1.6% against the previous month.
868
China’s whey imports continue to grow steadily. Over the past decade, imports rose twofold, from 263K tons in 2010 to 622K tons in 2020. Last year, China’s whey imports soared by +38% y-o-y in physical terms. In value terms, the supplies to China grew from $598M in 2019 to $810M in 2020. Major whey suppliers, namely the U.S., Belarus and the Netherlands, expanded export volume to China by more than 50% over the past year. The average whey import price in China stood at $1,301 per ton in 2020.
515
In August 2022, the whey price per ton stood at $1.6K (CIF, China), picking up by 1.6% against the previous month.
868
China’s whey imports continue to grow steadily. Over the past decade, imports rose twofold, from 263K tons in 2010 to 622K tons in 2020. Last year, China’s whey imports soared by +38% y-o-y in physical terms. In value terms, the supplies to China grew from $598M in 2019 to $810M in 2020. Major whey suppliers, namely the U.S., Belarus and the Netherlands, expanded export volume to China by more than 50% over the past year. The average whey import price in China stood at $1,301 per ton in 2020.
