Key Market Indicators
France, Germany and the Netherlands respectively came in numbers 1, 2 and 3 in this ranking. Singapore is set to experience a steady increase in whey exports and imports over the next five years. Whey exports from Singapore are expected to reach around $23 million by 2026, growing at an average annual rate of 1.8%. This is an increase from the 2021 figure of $20 million. Since 1994, Singaporean supply has grown by an average of 5.1% each year. In 2021, Singapore ranked 25th in terms of whey exports, with Costa Rica overtaking it with $20 million. France, Germany, and the Netherlands respectively ranked 2nd, 3rd and 4th in this ranking. Meanwhile, Singaporean whey imports are expected to reach $90 million by 2026, growing at a CAGR of 1%. This is up from $85 million in 2021. Since 1994, Singaporean demand has increased by an average of 9.3% each year. France, Germany and the Netherlands came in 1st, 2nd and 3rd respectively in this ranking. Overall, Singapore is poised to experience a gradual growth in its whey exports and imports over the next five years.
