ASEAN: Market for Casein Glues And Caseinates And Other Casein Derivatives 2025

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

For the seventh consecutive year, the ASEAN casein glue and caseinates market recorded growth in sales value, which increased by 36% to $X in 2022. In general, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, casein glue and caseinates production contracted to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The growth pace was the most rapid in 2018 with an increase of 6,722% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in ASEAN

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were exported in ASEAN; with a decrease of -40.9% on the previous year. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 66%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports declined to $X in 2022. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when exports increased by 73% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) and Thailand (X tons) dominates exports structure, together constituting 92% of total exports. The following exporters - Malaysia (X tons) and Indonesia (X tons) - together made up 7.7% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +4.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest casein glue and caseinates supplying countries in ASEAN were Singapore ($X), Thailand ($X) and Indonesia ($X), with a combined 97% share of total exports.

Thailand, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, rising by 49% against the previous year. Overall, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.5%), while the other leaders experienced more modest paces of growth.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in ASEAN

In 2022, overseas purchases of casein glues and caseinates and other casein derivatives were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 28%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports skyrocketed to $X in 2022. Over the period under review, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons) and Thailand (X tons) were the main importers of casein glues and caseinates and other casein derivatives in 2022, amounting to approx. 35% and 25% of total imports, respectively. Singapore (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (10%), Vietnam (9.2%) and the Philippines (8.3%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 77% share of total imports.

Among the main importing countries, Indonesia, with a CAGR of +16.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, jumping by 33% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +97.1% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform