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

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

The Asian casein glue and caseinates market surged to $X in 2022, growing by 17% against the previous year. Over the period under review, consumption posted a resilient increase. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

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

In value terms, casein glue and caseinates production expanded markedly to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The growth pace was the most rapid in 2019 when the production volume increased by 42%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in Asia

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were exported in Asia; which is down by -24.3% against the year before. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 85% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein glue and caseinates exports rose significantly to $X in 2022. In general, exports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2021 with an increase of 132%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, amounting to X tons, which was near 51% of total exports in 2022. It was distantly followed by Singapore (X tons), the United Arab Emirates (X tons), Thailand (X tons) and Iran (X tons), together creating a 32% share of total exports. The following exporters - China (X tons) and Turkey (X tons) - each finished at an 8.1% share of total exports.

India was also the fastest-growing in terms of the casein glues and caseinates and other casein derivatives exports, with a CAGR of +44.1% from 2012 to 2022. At the same time, Iran (+29.2%), the United Arab Emirates (+12.2%) and Thailand (+4.8%) displayed positive paces of growth. By contrast, Turkey (-9.3%), Singapore (-10.9%) and China (-14.3%) illustrated a downward trend over the same period. While the share of India (+50 p.p.), the United Arab Emirates (+7.9 p.p.), Iran (+6.6 p.p.) and Thailand (+5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-3.6 p.p.) and China (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest casein glue and caseinates supplier in Asia, comprising 66% of total exports. The second position in the ranking was held by Singapore ($X), with an 11% share of total exports. It was followed by Thailand, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +42.0%. In the other countries, the average annual rates were as follows: Singapore (-4.2% per year) and Thailand (+12.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by 41% against the previous year. Overall, the export price continues to indicate a resilient increase. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Iran ($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 Asia

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were imported in Asia; with an increase of 1.7% against the previous year's figure. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +73.6% against 2013 indices. The pace of growth was the most pronounced in 2014 when imports increased by 19% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

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

Imports by Country

China was the key importing country with an import of about X tons, which recorded 32% of total imports. It was distantly followed by Japan (X tons), Indonesia (X tons), South Korea (X tons) and Thailand (X tons), together mixing up a 44% share of total imports. Singapore (X tons), Malaysia (X tons), Vietnam (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons), India (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to casein glue and caseinates imports into China stood at +8.1%. At the same time, Kyrgyzstan (+29.9%), India (+25.8%), Vietnam (+15.1%), Indonesia (+12.4%), the Philippines (+9.6%), South Korea (+8.3%), Taiwan (Chinese) (+3.8%), Singapore (+2.6%), Thailand (+2.6%) and Malaysia (+1.0%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Asia, with a CAGR of +29.9% from 2012-2022. Japan experienced a relatively flat trend pattern. China (+7.1 p.p.), Indonesia (+5.5 p.p.), South Korea (+2.4 p.p.) and Vietnam (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Thailand and Japan saw its share reduced by -1.8%, -2.6% and -9.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported casein glues and caseinates and other casein derivatives in Asia, comprising 34% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by Indonesia, with a 13% share.

In China, casein glue and caseinates imports expanded at an average annual rate of +11.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+3.5% per year) and Indonesia (+16.6% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, growing by 31% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +91.6% 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 Japan ($X per ton), while Kyrgyzstan ($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

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