Asia: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Asia

The Asian casein and caseinates market reached $X in 2022, with an increase of 11% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Casein And Caseinates Production in Asia

In value terms, casein and caseinates production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 19%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Casein And Caseinates Exports

Exports in Asia

In 2022, approx. X tons of casein and caseinates were exported in Asia; with an increase of 31% on 2021. Overall, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 146% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein and caseinates exports skyrocketed to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 223%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India dominates exports structure, recording X tons, which was near 92% of total exports in 2022. China (X tons) held a minor share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of casein and caseinates. China (-20.0%) illustrated a downward trend over the same period. While the share of India (+23 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-23.8 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest casein and caseinates supplier in Asia, comprising 93% of total exports. The second position in the ranking was taken by China ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +2.8%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by 30% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein and caseinates export price increased by +80.4% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 31%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%).

Casein And Caseinates Imports

Imports in Asia

For the fifth year in a row, Asia recorded growth in overseas purchases of casein and caseinates, which increased by 5.3% to X tons in 2022. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.9% against 2013 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, casein and caseinates imports soared to $X in 2022. Overall, imports posted strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 35% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

China represented the largest importing country with an import of about X tons, which recorded 42% of total imports. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons), the Philippines (X tons), Malaysia (X tons) and Saudi Arabia (X tons). All these countries together held approx. 44% share of total imports. Indonesia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the casein and caseinates imports, with a CAGR of +18.9% from 2012 to 2022. At the same time, the Philippines (+10.8%), Malaysia (+6.9%), Saudi Arabia (+4.0%) and South Korea (+3.3%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Indonesia (-6.7%) illustrated a downward trend over the same period. While the share of China (+28 p.p.) and the Philippines (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-3.3 p.p.), Japan (-8.3 p.p.) and Indonesia (-11 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported casein and caseinates in Asia, comprising 46% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by South Korea, with a 10% share.

In China, casein and caseinates imports increased at an average annual rate of +22.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.8% per year) and South Korea (+5.1% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by 26% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein and caseinates import price increased by +91.1% 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 ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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