Germany: Whey Market 2024

Whey Market Size in Germany

In 2022, the German whey market increased by 12% to $X, rising for the second year in a row after three years of decline. In general, consumption saw a slight slump. Whey consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Whey Production in Germany

In value terms, whey production skyrocketed to $X in 2022 estimated in export price. Overall, production posted resilient growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Whey Exports

Exports from Germany

In 2022, after three years of growth, there was significant decline in overseas shipments of whey, when their volume decreased by -10.5% to X tons. Overall, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, whey exports rose notably to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 24% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for whey exports from Germany, accounting for a 40% share of total exports. Moreover, whey exports to the Netherlands exceeded the volume sent to the second major destination, China (X tons), fivefold. Denmark (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.4% per year) and Denmark (+28.2% per year).

In value terms, the largest markets for whey exported from Germany were the Netherlands ($X), China ($X) and France ($X), together comprising 50% of total exports. Denmark, Italy, Indonesia, Poland, Malaysia, Ireland, Belgium, Japan, Austria and Thailand lagged somewhat behind, together accounting for a further 35%.

Malaysia, with a CAGR of +18.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average whey export price amounted to $X per ton, growing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 an increase of 34%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Austria ($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 France (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Whey Imports

Imports into Germany

In 2022, approx. X tons of whey were imported into Germany; declining by -10.1% on 2021 figures. Overall, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 5.3% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, whey imports amounted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 34%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Austria (X tons) constituted the largest whey supplier to Germany, accounting for a 47% share of total imports. Moreover, whey imports from Austria exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Austria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.6% per year) and Italy (-13.8% per year).

In value terms, the largest whey suppliers to Germany were Austria ($X), the Netherlands ($X) and France ($X), with a combined 63% share of total imports.

Among the main suppliers, France, with a CAGR of +8.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average whey import price amounted to $X per ton, jumping by 18% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whey import price increased by +97.5% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 29%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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