India - Whey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhey Price in India - 2023
Contents:
- Whey Price in India (CIF) - 2023
- Whey Price in India (FOB) - 2022
- Whey Imports in India
- Whey Exports in India
Whey Price in India (CIF) - 2023
The average whey import price stood at $1,703 per ton in July 2023, increasing by 2.6% against the previous month. In general, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 179% m-o-m. As a result, import price attained the peak level of $2,832 per ton. From December 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($3,904 per ton), while the price for Poland ($672 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+28.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Whey Price in India (FOB) - 2022
The average whey export price stood at $2,566 per ton in 2022, declining by -19.9% against the previous year. Overall, the export price saw a pronounced slump. The pace of growth appeared the most rapid in 2017 an increase of 103% against the previous year. The export price peaked at $3,584 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($9,926 per ton), while the average price for exports to Bangladesh ($1,600 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 Oman (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Whey Imports in India
In 2022, supplies from abroad of whey decreased by -27.2% to 7.7K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 47%. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, whey imports dropped modestly to $16M in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.6% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 56% against the previous year. As a result, imports attained the peak of $22M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Whey in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 9.4 | 15.3 | 10.1 | 10.8 | 4.7% |
| Germany | 2.2 | 1.6 | 2.4 | 1.5 | -12.0% |
| Lithuania | N/A | 0.5 | N/A | 0.9 | 34.2% |
| Norway | 0.1 | N/A | 0.2 | 0.8 | 100.0% |
| Poland | 0.4 | 0.9 | 0.4 | 0.5 | 7.7% |
| Kenya | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Turkey | 1.2 | 2.5 | 1.5 | 0.2 | -45.0% |
| Others | 1.0 | 1.5 | 1.6 | 1.0 | 0.0% |
| Total | 14.3 | 22.4 | 16.6 | 16.2 | 4.2% |
Top Suppliers of Whey to India in 2022:
- France (3180.7 tons)
- Lithuania (1161.6 tons)
- Germany (1023.8 tons)
- Norway (888.0 tons)
- Poland (386.0 tons)
- Kenya (375.0 tons)
- Turkey (198.0 tons)
Whey Exports in India
In 2022, the amount of whey exported from India soared to 299 tons, increasing by 84% compared with the previous year's figure. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, whey exports soared to $766K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Whey in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 1.9 | N/A | 4.6 | 246 | 405.9% |
| Senegal | N/A | N/A | N/A | 199 | 0% |
| Nepal | 151 | 266 | 229 | 162 | 2.4% |
| Oman | 85.6 | N/A | 40.0 | 54.6 | -13.9% |
| Saudi Arabia | N/A | 17.5 | 42.9 | 44.9 | 60.2% |
| United Arab Emirates | 212 | N/A | N/A | 28.1 | -49.0% |
| Bahrain | 33.7 | N/A | 14.8 | 23.0 | -12.0% |
| Singapore | 23.7 | 29.5 | 54.4 | 2.2 | -54.7% |
| Qatar | 28.8 | 67.0 | 86.5 | 1.7 | -61.1% |
| Turkey | 15.6 | 114 | N/A | N/A | 630.8% |
| Others | 39.8 | 48.0 | 47.3 | 4.7 | -50.9% |
| Total | 592 | 542 | 520 | 766 | 9.0% |
Top Export Markets for Whey from India in 2022:
- Bangladesh (154.0 tons)
- Nepal (97.1 tons)
- Senegal (20.0 tons)
- Bahrain (7.5 tons)
- United Arab Emirates (7.1 tons)
- Oman (6.0 tons)
- Saudi Arabia (5.0 tons)
- Singapore (0.5 tons)
- Qatar (0.4 tons)
This report provides an in-depth analysis of the whey market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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 India.
877
This report provides an in-depth analysis of the global whey market.
591
This report provides an in-depth analysis of the whey market in India.
877
This report provides an in-depth analysis of the global whey market.
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