Benelux: Whey Market 2024

Whey Market Size in Benelux

The Benelux whey market totaled $X in 2022, increasing by 5.1% against the previous year. In general, consumption, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 9% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Whey Production in Benelux

In value terms, whey production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 72%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Whey Exports

Exports in Benelux

In 2022, shipments abroad of whey increased by 3.7% to X tons, rising for the third year in a row after two years of decline. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.9% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 31%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, whey exports expanded to $X in 2022. Overall, exports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 31%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands represented the main exporter of whey in Benelux, with the volume of exports reaching X tons, which was approx. 63% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a 37% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +8.5%).

In value terms, the Netherlands ($X) remains the largest whey supplier in Benelux, comprising 88% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports.

In the Netherlands, whey exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2021 an increase of 15%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.7%).

Whey Imports

Imports in Benelux

In 2022, overseas purchases of whey increased by 3.9% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 5.3%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, whey imports rose remarkably to $X in 2022. In general, imports, however, saw a perceptible contraction. The growth pace was the most rapid in 2017 with an increase of 25% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands dominates imports structure, accounting for X tons, which was approx. 91% of total imports in 2022. It was distantly followed by Belgium (X tons), committing a 9.1% share of total imports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of whey. Belgium (-9.6%) illustrated a downward trend over the same period. The Netherlands (+11 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -11% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported whey in Benelux, comprising 89% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands was relatively modest.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 4.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 23% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%).

Source: IndexBox Platform