South Africa - Whey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhey Price in South Africa - 2023
Contents:
- Whey Price in South Africa (CIF) - 2022
- Whey Price in South Africa (FOB) - 2023
- Whey Imports in South Africa
- Whey Exports in South Africa
Whey Price in South Africa (CIF) - 2022
The average whey import price stood at $2,070 per ton in 2022, waning by -8.1% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2020 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $2,980 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,084 per ton), while the price for Denmark ($1,227 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Whey Price in South Africa (FOB) - 2023
In July 2023, the average whey export price amounted to $1,815 per ton, picking up by 2.4% against the previous month. In general, the export price, however, showed a pronounced slump. The growth pace was the most rapid in November 2022 when the average export price increased by 39% month-to-month. Over the period under review, the average export prices reached the maximum at $3,226 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($2,970 per ton), while the average price for exports to Democratic Republic of the Congo ($1,328 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+1.8%), while the prices for the other major destinations experienced a decline.
Whey Imports in South Africa
In 2022, supplies from abroad of whey was finally on the rise to reach 18K tons after two years of decline. Over the period under review, imports, however, saw a abrupt decline.
In value terms, whey imports totaled $36M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 6% against the previous year. As a result, imports attained the peak of $37M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Whey in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 15.0 | 9.6 | 10.2 | 13.8 | -2.7% |
Poland | 4.2 | 2.5 | 2.4 | 4.9 | 5.3% |
Germany | 2.0 | 1.7 | 2.6 | 4.7 | 33.0% |
United Kingdom | 2.7 | 0.7 | 5.2 | 2.8 | 1.2% |
United States | 0.4 | 0.4 | 0.9 | 2.2 | 76.5% |
Denmark | 1.0 | 1.5 | 1.5 | 2.2 | 30.1% |
Hungary | 1.0 | 0.3 | 0.8 | 1.5 | 14.5% |
Netherlands | 1.3 | 0.6 | 1.0 | 1.3 | 0.0% |
Portugal | 1.1 | 0.4 | 0.3 | 0.5 | -23.1% |
Uruguay | N/A | 6.4 | 2.2 | 0.4 | -75.0% |
Ireland | 3.3 | 1.0 | 0.6 | 0.4 | -50.5% |
New Zealand | N/A | 2.6 | 6.1 | N/A | 134.6% |
Australia | 1.7 | 1.7 | 0.5 | N/A | -45.8% |
Others | 0.9 | 7.3 | 0.5 | 1.6 | 21.1% |
Total | 34.6 | 36.7 | 34.7 | 36.3 | 1.6% |
Top Suppliers of Whey to South Africa in 2022:
- France (5.0K tons)
- Poland (3.2K tons)
- Denmark (1.8K tons)
- United Kingdom (1.3K tons)
- United States (1.2K tons)
- Germany (1.2K tons)
- Hungary (1.0K tons)
- Netherlands (0.8K tons)
- Portugal (0.3K tons)
- Uruguay (0.3K tons)
- Ireland (0.3K tons)
Whey Exports in South Africa
For the fourth year in a row, South Africa recorded growth in shipments abroad of whey, which increased by 39% to 1.3K tons in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 177%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, whey exports skyrocketed to $3.3M in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 203%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Whey in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zimbabwe | 65.9 | 291 | 683 | 737 | 123.6% |
Zambia | 111 | 92.3 | 163 | 243 | 29.8% |
Swaziland | 1.2 | 12.1 | 199 | 193 | 443.8% |
Democratic Republic of the Congo | 13.3 | 5.7 | 95.7 | 176 | 136.5% |
Malawi | 6.7 | 12.8 | 70.2 | 94.9 | 142.0% |
Namibia | 4.5 | 6.9 | 29.4 | 86.2 | 167.6% |
Mozambique | 2.4 | 0.1 | 6.1 | 21.2 | 106.7% |
Vietnam | N/A | 53.2 | N/A | N/A | 0% |
Others | 27.6 | 75.2 | 416 | 1,789 | 301.7% |
Total | 233 | 549 | 1,663 | 3,340 | 142.9% |
Top Export Markets for Whey from South Africa in 2022:
- Zimbabwe (456.9 tons)
- Zambia (131.8 tons)
- Democratic Republic of the Congo (92.4 tons)
- Swaziland (90.7 tons)
- Malawi (49.0 tons)
- Namibia (48.6 tons)
- Mozambique (15.3 tons)
This report provides an in-depth analysis of the whey market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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
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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
This report provides an in-depth analysis of the whey market in South Africa.
This report provides an in-depth analysis of the global whey market.
This report provides an in-depth analysis of the whey market in South Africa.
This report provides an in-depth analysis of the global whey market.
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