Export market for Whey in Turkiye (12월, 2022)

Global dairy trade is expected to drop by 3.4% in 2022, the first decrease in almost two decades, primarily due to a significant decrease in imports to China and supplies to Nigeria, Vietnam, and the Russian Federation. This reduction might be partially balanced by increased purchases from the Philippines, Indonesia, Great Britain, the European Union, and Mexico. The decline in imports to China is attributed to decreased catering activity, increased domestic milk production, and high stocks. New Zealand, the EU, Belarus, and Turkey are among the leading exporters expected to reduce trade volumes, while Mexico, India, Argentina, and the US might increase trade volumes. The global butter trade is projected to grow by 6.2% in 2022, while trade in whole milk powder, skimmed milk powder, and whey powder is expected to decline by 6.4%, 3.5%, and 5.6%, respectively, mainly due to reduced purchases by China.