Italy: Whey Market 2024

Whey Market Size in Italy

The Italian whey market soared to $X in 2022, picking up by 36% against the previous year. Overall, consumption saw a significant expansion. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Whey Production in Italy

In value terms, whey production soared to $X in 2022 estimated in export price. Over the period under review, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 54%. Whey production peaked in 2022 and is expected to retain growth in years to come.

Whey Exports

Exports from Italy

In 2022, the amount of whey exported from Italy contracted markedly to X tons, with a decrease of -23.8% against the year before. In general, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2017 when exports increased by 23%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, whey exports declined modestly to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +41.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for whey exports from Italy, with a 45% share of total exports. Moreover, whey exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 20% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-8.5% per year) and Germany (-14.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for whey exports from Italy, comprising 56% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.8% per year) and Germany (-8.3% per year).

Export Prices by Country

In 2022, the average whey export price amounted to $X per ton, with an increase of 26% against the previous year. In general, the export price posted a remarkable increase. The growth pace was the most rapid in 2021 when the average export price increased by 41%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 Austria (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Whey Imports

Imports into Italy

In 2022, overseas purchases of whey increased by 14% to X tons, rising for the fifth year in a row after three years of decline. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +78.9% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, whey imports expanded slightly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 33%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Greece (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of whey imports to Italy, together comprising 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +116.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of whey to Italy, comprising 33% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Austria, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.7% per year) and Austria (+17.3% per year).

Import Prices by Country

The average whey import price stood at $X per ton in 2022, shrinking by -8% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 22%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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