Singapore - Whey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWhey Price in Singapore - 2022
Contents:
- Whey Price in Singapore (CIF) - 2022
- Whey Price in Singapore (FOB) - 2022
- Whey Imports in Singapore
- Whey Exports in Singapore
Whey Price in Singapore (CIF) - 2022
In 2022, the average whey import price amounted to $2,725 per ton, rising by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure at $3,540 per ton in 2014; however, from 2015 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 New Zealand ($5,804 per ton), while the price for Poland ($1,329 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Whey Price in Singapore (FOB) - 2022
In September 2022, the average whey export price amounted to $2,062 per ton, waning by -73.9% against the previous month. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in April 2022 when the average export price increased by 230% month-to-month. Over the period under review, the average export prices reached the peak figure at $10,689 per ton in February 2022; however, from March 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Japan ($2,473 per ton), while the average price for exports to the Philippines totaled $1,644 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Whey Imports in Singapore
In 2022, the amount of whey imported into Singapore surged to 35K tons, picking up by 35% on 2021. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, whey imports surged to $95M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Whey in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 10.3 | 7.6 | 7.2 | 17.3 | 18.9% |
Australia | 2.2 | 6.4 | 8.5 | 16.5 | 95.7% |
New Zealand | 12.4 | 11.8 | 14.0 | 10.9 | -4.2% |
Denmark | 8.7 | 7.8 | 3.7 | 9.0 | 1.1% |
Turkey | 2.0 | N/A | 1.2 | 8.1 | 59.4% |
Germany | 12.4 | 8.6 | 3.8 | 7.8 | -14.3% |
Chile | N/A | N/A | N/A | 6.4 | 0% |
Canada | 0.5 | 1.5 | 1.3 | 5.1 | 116.9% |
France | 4.6 | 6.1 | 10.4 | 4.2 | -3.0% |
United Kingdom | 3.1 | 1.4 | 3.1 | 1.5 | -21.5% |
Poland | 0.7 | 0.7 | 1.0 | 1.3 | 22.9% |
Argentina | 3.0 | 0.1 | 0.1 | 1.1 | -28.4% |
Others | 3.1 | 6.1 | 4.1 | 5.5 | 21.1% |
Total | 63.2 | 58.2 | 58.4 | 94.8 | 14.5% |
Top Suppliers of Whey to Singapore in 2022:
- Turkey (5.6K tons)
- United States (5.1K tons)
- Australia (4.9K tons)
- Germany (3.6K tons)
- Canada (3.3K tons)
- France (2.4K tons)
- Chile (1.9K tons)
- New Zealand (1.9K tons)
- Poland (1.0K tons)
- Denmark (0.8K tons)
- United Kingdom (0.7K tons)
- Argentina (0.5K tons)
Whey Exports in Singapore
Whey exports from Singapore surged to 6.6K tons in 2022, rising by 96% on the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, whey exports skyrocketed to $30M in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Whey in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.9 | 14.7 | 14.9 | 22.1 | 16.7% |
Japan | 1.0 | N/A | 0.6 | 4.8 | 68.7% |
Philippines | N/A | N/A | N/A | 1.4 | 0% |
Myanmar | N/A | N/A | N/A | 0.5 | 0% |
Bangladesh | N/A | N/A | N/A | 0.3 | 0% |
South Korea | N/A | N/A | N/A | 0.2 | 0% |
Others | 0.5 | 0.6 | 0.5 | 0.3 | -15.7% |
Total | 15.4 | 15.3 | 16.0 | 29.6 | 24.3% |
Top Export Markets for Whey from Singapore in 2022:
- China (2335.5 tons)
- Japan (2226.5 tons)
- Philippines (1149.8 tons)
- South Korea (400.0 tons)
- Myanmar (322.5 tons)
- Bangladesh (100.0 tons)
This report provides an in-depth analysis of the whey market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 890 - Whey, Condensed
- FCL 900 - Dry Whey
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the whey market in Singapore.
This report provides an in-depth analysis of the global whey market.
This report provides an in-depth analysis of the whey market in Singapore.
This report provides an in-depth analysis of the global whey market.
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