Product
Whole Milk Powder (WMP) Price Trends and Forecast
Whole Milk Powder (WMP) Price Trends and Forecast
Regional Price Overview
Get the latest insights on price movement and trends analysis of Whole Milk Powder (WMP) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
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Whole Milk Powder (WMP) Price Trends for the First Half of 2023
Whole milk powder is sourced from milk, so the prices also vary with fluctuations in milk prices. But in H1 2023, dairy consumption played a crucial role in determining Whole Milk Powder’s market behaviour.
In the USA, Whole Milk Powder observed a steady decline throughout both quarters. Prices went from an average of about 4927 USD/MT to around 4343 USD/MT in June 2023, with an approximate decline of about 11% within six months. As all other aspects of the Whole Milk Powder market, like production yield and freight mediums, were still stable, it was the decline in consumption that resulted in these price trendss.
Similarly, in the European market, prices were observed to be low swinging. Whole Milk Powder in the German market went from an average of about 4199 USD/MT at the beginning of Q1 to around 3795 USD/MT by the end of Q2 2023.
The price trendss for Whole Milk Powder (WMP) in the Asia Pacific region around Oceania were still stable as they fluctuated within a very narrow range. Consumption behaviour didn’t change much here, so stable supply-demand dynamics were observed.
Analyst insight
According to Procurement Resource, the price trendss for Whole Milk Powder are expected to remain fluctuating as the uncertain end-consumer demands and consumption levels will likely affect the market.
Procurement Resource provides latest prices of Whole Milk Powder. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Whole Milk Powder or WMP is extracted by eliminating water from pasteurised, homogenised whole milk or full cream milk as it is through the process of evaporation and spray drying. Whole Milk Powder possesses all the appealing qualities of fat fitted milk and, in its dry form, it serves as a crucial ingredient in the production of a remarkable and diverse range of dairy products. It is dried grade A milk, ready to re-hydrate with water.
Product Details
| Report Features | Details |
| Product Name | Whole Milk Powder (WMP) |
| Industrial Uses | Sweets, Bakery, Chocolates, Cream, Butter, Cheese, Confectioneries |
| Supplier Database | Arla Foods Amba, Dairy Farmers of America Inc, Nestlé SA, Danone S.A, Westland Milk Products |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Whole Milk Powder via Spray Drying Process.
Whole milk, which is the starting material of this production process, is produced from a chain of industrial processes, where pasteurisation plays a major part. In this process, pasteurised whole milk is concentrated in an evaporator, reducing the content to almost 50% milk solids. The concentrated milk obtained in the previous step is then sprayed into a heated chamber, almost instantly evaporating the water content and leaving behind fine powdered particles of milk solids.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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