Argentina: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Argentina

The Argentinian casein glue and caseinates market surged to $X in 2022, rising by 22% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Argentina

In value terms, casein glue and caseinates production surged to $X in 2022 estimated in export price. Overall, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -13.7% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 120%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Argentina

In 2022, after three years of growth, there was significant decline in overseas shipments of casein glues and caseinates and other casein derivatives, when their volume decreased by -29.8% to X tons. Over the period under review, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 1,514% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports contracted rapidly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 871% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) and Brazil (X tons) were the main destinations of casein glue and caseinates exports from Argentina.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +51.7%).

In value terms, Brazil ($X) emerged as the key foreign market for casein glues and caseinates and other casein derivatives exports from Argentina, comprising 79% of total exports. The second position in the ranking was held by Uruguay ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +29.8%.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, growing by 1.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 101% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Uruguay amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.5%), while the prices for the other major destinations experienced a decline.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Argentina

Casein glue and caseinates imports into Argentina expanded markedly to X tons in 2022, surging by 13% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 66% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, casein glue and caseinates imports skyrocketed to $X in 2022. Overall, imports recorded temperate growth. The growth pace was the most rapid in 2019 with an increase of 53% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and New Zealand (X tons) were the main suppliers of casein glue and caseinates imports to Argentina, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +169.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Denmark ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Argentina, comprising 60% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 30% share of total imports. It was followed by New Zealand, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Denmark stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.5% per year) and New Zealand (+184.3% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, jumping by 26% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein glue and caseinates import price increased by +65.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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