Ukraine: Whey Market 2024

Whey Market Size in Ukraine

In 2022, the Ukrainian whey market increased by X% to $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption, however, showed a mild downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Whey Production in Ukraine

In value terms, whey production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Whey production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Whey Exports

Exports from Ukraine

In 2022, the amount of whey exported from Ukraine fell rapidly to X tons, with a decrease of X% compared with 2021. In general, exports recorded a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, whey exports contracted sharply to $X in 2022. Overall, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Malaysia (X tons) and Poland (X tons) were the main destinations of whey exports from Ukraine, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Poland ($X) were the largest markets for whey exported from Ukraine worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average whey export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Myanmar ($X per ton), while the average price for exports to Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Whey Imports

Imports into Ukraine

In 2022, purchases abroad of whey decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, whey imports contracted notably to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest whey supplier to Ukraine, accounting for a X% share of total imports. Moreover, whey imports from Poland exceeded the figures recorded by the second-largest supplier, Belarus (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Germany (X% per year).

In value terms, Poland ($X) constituted the largest supplier of whey to Ukraine, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average whey import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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