Report Update: Apr 1, 2024

Spain - Whey - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Whey Price in Spain - 2023

Whey Price in Spain (FOB) - 2023

The average whey export price stood at $1,536 per ton in August 2023, waning by -2.9% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 18% month-to-month. The export price peaked at $1,581 per ton in July 2023, and then dropped slightly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was China ($5,307 per ton), while the average price for exports to the Netherlands ($662 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Whey Price in Spain (CIF) - 2023

In August 2023, the average whey import price amounted to $1,535 per ton, waning by -12.5% against the previous month. Over the period under review, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in June 2023 an increase of 56% against the previous month. The import price peaked at $3,099 per ton in February 2023; however, from March 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Finland ($4,236 per ton), while the price for Portugal ($822 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Finland (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Whey Exports in Spain

In 2022, overseas shipments of whey decreased by -6.8% to 61K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12%.

In value terms, whey exports reduced to $90M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%.

Export of Whey in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.1	19.5	23.0	23.7	79.5%
France	10.3	13.1	17.9	22.5	29.8%
Netherlands	11.9	13.0	15.4	13.2	3.5%
Vietnam	5.7	4.9	8.5	6.8	6.1%
Thailand	5.3	5.7	8.4	5.3	0.0%
South Korea	2.5	2.3	3.3	3.9	16.0%
Italy	0.9	0.7	2.7	2.6	42.4%
Japan	0.9	0.7	1.2	2.4	38.7%
Portugal	2.0	2.3	1.7	1.8	-3.5%
Others	6.3	6.7	8.2	8.2	9.2%
Total	49.8	69.0	90.3	90.2	21.9%

Top Export Markets for Whey from Spain in 2022:

France (19.6K tons)
Netherlands (11.4K tons)
China (6.4K tons)
Vietnam (5.7K tons)
Thailand (4.0K tons)
South Korea (2.9K tons)
Japan (2.3K tons)
Italy (1.7K tons)
Portugal (1.7K tons)

Whey Imports in Spain

In 2022, overseas purchases of whey were finally on the rise to reach 27K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt decrease.

In value terms, whey imports expanded modestly to $59M in 2022. The total import value increased at an average annual rate of +12.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Whey in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	6.9	11.6	17.9	14.6	28.4%
France	11.0	8.8	10.2	12.7	4.9%
Netherlands	8.1	8.3	8.7	8.6	2.0%
Portugal	5.6	6.0	6.9	7.3	9.2%
Ireland	0.9	1.6	2.4	4.5	71.0%
Finland	0.3	0.2	3.1	3.9	135.1%
Germany	2.8	2.3	4.0	3.8	10.7%
Poland	4.0	3.6	0.7	1.4	-29.5%
Others	2.4	2.9	3.2	2.6	2.7%
Total	41.8	45.2	57.2	59.3	12.4%

Top Suppliers of Whey to Spain in 2022:

France (7.6K tons)
Portugal (7.1K tons)
Netherlands (4.4K tons)
Ireland (2.0K tons)
Denmark (1.8K tons)
Finland (1.2K tons)
Germany (1.0K tons)
Poland (0.9K tons)

Source: IndexBox Market Intelligence Platform

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

Spain

Data coverage:

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