
China - Whey - Market Analysis, Forecast, Size, Trends and Insights
China: Whey Market 2023
Whey Market Size in China
After two years of growth, the Chinese whey market decreased by -10% to $X in 2022. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.7% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.
Whey Production in China
In value terms, whey production fell to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 196%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.
Whey Exports
Exports from China
In 2022, approx. X tons of whey were exported from China; almost unchanged from the year before. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 371% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.
In value terms, whey exports amounted to $X in 2022. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2015 when exports increased by 320% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.
Exports by Country
Poland (X tons) was the main destination for whey exports from China, accounting for a 43% share of total exports. Moreover, whey exports to Poland exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 6.5% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-13.3% per year) and Italy (-20.1% per year).
It was followed by Hong Kong SAR, with a 10% share.
From 2012 to 2022, the average annual growth rate of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.5% per year) and Hong Kong SAR (-12.9% per year).
Export Prices by Country
In 2022, the average whey export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 56%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Singapore ($X 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
Imports into China
After two years of growth, overseas purchases of whey decreased by -16% to X tons in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, imports hit record highs at X tons in 2021, and then plummeted in the following year.
In value terms, whey imports declined to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. 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 2017 with an increase of 49%. Imports peaked at $X in 2021, and then dropped in the following year.
Imports by Country
In 2022, the United States (X tons) constituted the largest supplier of whey to China, accounting for a 51% share of total imports. Moreover, whey imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. Belarus (X tons) ranked third in terms of total imports with a 6.7% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.7% per year) and Belarus (+43.1% per year).
In value terms, the United States ($X) constituted the largest supplier of whey to China, comprising 32% of total imports. The second position in the ranking was held by Germany ($X), with a 9.6% share of total imports. It was followed by France, with a 9.5% share.
From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and France (-3.8% per year).
Import Prices by Country
The average whey import price stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.7%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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