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Imports of Lactose peaked at 17K tons in 2019, but failed to regain momentum from 2020 to 2024. In terms of value, lactose imports sharply declined to $19M in 2024.
Lactose imports hit a peak in 2023 and are projected to continue growing in the future, although in 2023, the value of imports slightly decreased to $202M.
The growth pace for Lactose was the most rapid in July 2023 with a month-to-month increase of 47%. In value terms, Lactose imports contracted to $10M in November 2023.
Imports of lactose reached a peak and are expected to continue growing in the near future. The value of lactose imports surged to $3.5M in November 2023.
In August 2023, the growth of Lactose was remarkably fast, with a 58% increase compared to the previous month. However, the value of lactose imports experienced a significant decline in September 2023, reaching only $3.8M.
Lactose exports amounted to $42M in June 2023.
The imports of Lactose reached a value of $23M in June 2023.
In April 2023, the price of Lactose was $2,518 per ton (FOB, Netherlands), experiencing a 12% increase compared to the previous month.
In February 2023, the lactose price amounted to $1,741 per ton (CIF, Japan), picking up by 1.9% against the previous month.
In November 2022, the lactose price was $1,982/ton (CIF, India), down -11.2% from the previous month.
The U.S. remain the leading supplier of lactose and lactose syrup with a 36%-share in the global exports. While the volume of lactose shipments from the U.S. was almost unchanged from the previous year, exports in value terms jumped by 8% to $396, as the average exports price has significantly risen. Despite the trade tensions, China remains the key importer of lactose from the U.S., followed by New Zealand and Japan.
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