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

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

The Australian casein glue and caseinates market totaled $X in 2022, increasing by 11% against the previous year. In general, consumption continues to indicate resilient growth. As a result, consumption reached 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 Australia

In value terms, casein glue and caseinates production reached $X in 2022 estimated in export price. In general, production, however, showed a perceptible reduction. The growth pace was the most rapid in 2018 with an increase of 87% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Australia

In 2022, after five years of growth, there was significant decline in overseas shipments of casein glues and caseinates and other casein derivatives, when their volume decreased by -26.7% to X tons. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 126%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports reduced remarkably to $X in 2022. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 100% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Japan (X tons) and Mexico (X tons) were the main destinations of casein glue and caseinates exports from Australia, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +12.3%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Australia, comprising 60% of total exports. The second position in the ranking was taken by Japan ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-22.3% per year) and Mexico (-11.2% per year).

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, which is down by -5.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 169% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Australia

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were imported into Australia; with a decrease of -17% compared with the previous year. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 165%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 123% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of casein glue and caseinates to Australia, with a 78% share of total imports. Moreover, casein glue and caseinates imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.0% per year) and the United States (+23.3% per year).

In value terms, New Zealand ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Australia, comprising 84% of total imports. The second position in the ranking was taken by France ($X), with a 9.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.8% per year) and the United States (+22.0% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, jumping by 40% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. 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 the United States ($X per ton), while the price for France ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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