Report Update: May 1, 2024

Russian Federation - Whey - Market Analysis, Forecast, Size, Trends and Insights

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Whey Price in Russia - 2022

Whey Price in Russia (CIF) - 2022

The average whey import price stood at $890 per ton in January 2022, reducing by -2.4% against the previous month. In general, import price indicated a noticeable expansion from January 2021 to January 2022: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, whey import price decreased by -2.4% against December 2021 indices. The growth pace was the most rapid in June 2021 when the average import price increased by 38% against the previous month. Over the period under review, average import prices hit record highs at $912 per ton in December 2021, and then declined in the following month.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Argentina ($2,571 per ton), while the price for Belarus totaled $828 per ton.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Whey Price in Russia (FOB) - 2022

In January 2022, the average whey export price amounted to $1,229 per ton, picking up by 3.4% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in September 2021 when the average export price increased by 25% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,283 per ton in October 2021; however, from November 2021 to January 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In January 2022, the country with the highest price was Kazakhstan ($1,331 per ton), while the average price for exports to Belarus ($785 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Whey Imports in Russia

In 2022, after two years of decline, there was significant growth in purchases abroad of whey, when their volume increased by 5.9% to 49K tons. In general, imports, however, continue to indicate a deep reduction.

In value terms, whey imports declined to $32M in 2022. Over the period under review, imports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 11%.

Import of Whey in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belarus	38.8	23.1	29.2	29.2	-9.0%
Argentina	10.4	6.0	3.2	3.0	-33.9%
Uruguay	2.3	1.0	1.1	N/A	-30.8%
Others	0.6	0.7	0.6	0.3	-20.6%
Total	52.2	30.7	34.2	32.4	-14.7%

Top Suppliers of Whey to Russia in 2022:

Belarus (47.5K tons)
Argentina (1.5K tons)

Whey Exports in Russia

In 2022, shipments abroad of whey decreased by -24.9% to 10K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 246% against the previous year.

In value terms, whey exports reduced notably to $9.4M in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 190%.

Export of Whey in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	1.7	4.5	6.8	6.9	59.5%
Tajikistan	N/A	N/A	0.3	1.0	233.3%
Ukraine	0.1	0.2	0.6	0.5	71.0%
Philippines	N/A	N/A	0.3	0.5	66.7%
Armenia	N/A	0.1	0.1	0.3	73.2%
China	N/A	N/A	1.2	N/A	0%
Uzbekistan	N/A	0.3	0.9	N/A	200.0%
Belarus	N/A	0.1	1.7	N/A	1600.0%
Others	N/A	0.1	1.2	0.1	0.0%
Total	1.9	5.5	13.2	9.4	70.4%

Top Export Markets for Whey from Russia in 2022:

Belarus (undefinedK tons)
Kazakhstan (6.9K tons)
Tajikistan (1.7K tons)
Ukraine (0.5K tons)
Philippines (0.5K tons)
Armenia (0.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the whey market in the Russian Federation. 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:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023