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

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

The Asia-Pacific casein glue and caseinates market stood at $X in 2022, increasing by 10% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +71.5% against 2016 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

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

In value terms, casein glue and caseinates production rose markedly to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 -5.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 31% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in Asia-Pacific

Casein glue and caseinates exports skyrocketed to X tons in 2022, surging by 43% compared with 2021 figures. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, casein glue and caseinates exports skyrocketed to $X in 2022. In general, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand dominates exports structure, reaching X tons, which was near 96% of total exports in 2022. India (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to casein glue and caseinates exports from New Zealand stood at +4.4%. At the same time, India (+44.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +44.1% from 2012-2022. From 2012 to 2022, the share of New Zealand and India increased by +9.7 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest casein glue and caseinates supplier in Asia-Pacific, comprising 97% of total exports. The second position in the ranking was taken by India ($X), with a 1.5% share of total exports.

In New Zealand, casein glue and caseinates exports increased at an average annual rate of +8.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by 32% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 export price increased by +106.5% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.9%).

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in overseas purchases of casein glues and caseinates and other casein derivatives, which increased by 0.2% to X tons in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +77.6% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of 19%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, casein glue and caseinates imports soared to $X in 2022. Overall, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the major importer of casein glues and caseinates and other casein derivatives, creating 34% of total imports. Japan (X tons) ranks second in terms of the total imports with a 14% share, followed by Indonesia (12%), South Korea (11%), Thailand (8.6%) and Singapore (4.5%). Malaysia (X tons) took a minor share of total imports.

Imports into China increased at an average annual rate of +8.1% from 2012 to 2022. At the same time, Indonesia (+12.4%), South Korea (+8.3%), Singapore (+2.6%), Thailand (+2.6%) and Malaysia (+1.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +12.4% from 2012-2022. Japan experienced a relatively flat trend pattern. While the share of China (+6.6 p.p.), Indonesia (+5.5 p.p.) and South Korea (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-1.6 p.p.), Malaysia (-2.1 p.p.), Thailand (-3.1 p.p.) and Japan (-11 p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +11.1%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+3.5% per year) and Indonesia (+16.6% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by 33% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +95.4% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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