Belgium: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Belgium

The Belgian casein and caseinates market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, continues to indicate a pronounced setback. Casein and caseinates consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Casein And Caseinates Production in Belgium

In value terms, casein and caseinates production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by 246%. Casein and caseinates production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from Belgium

After two years of growth, overseas shipments of casein and caseinates decreased by -84.2% to X tons in 2022. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 2,049% against the previous year. Over the period under review, the exports hit record highs 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 fell sharply to $X in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 1,365% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for casein and caseinates exports from Belgium, with a 56% share of total exports. Moreover, casein and caseinates exports to Turkey exceeded the volume sent to the second major destination, Israel (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +124.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+27.7% per year) and Russia (+91.3% per year).

In value terms, Turkey ($X) emerged as the key foreign market for casein and caseinates exports from Belgium, comprising 63% of total exports. The second position in the ranking was taken by Israel ($X), with a 19% share of total exports. It was followed by Russia, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to +133.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+31.8% per year) and Russia (+89.0% per year).

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, with an increase of 50% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +13.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 92% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Egypt ($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 Italy (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Casein And Caseinates Imports

Imports into Belgium

In 2022, imports of casein and caseinates into Belgium rose remarkably to X tons, increasing by 13% compared with the year before. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 96% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, casein and caseinates imports surged to $X in 2022. Overall, imports, however, showed a abrupt decline. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Ireland (X tons) and the Netherlands (X tons) were the main suppliers of casein and caseinates imports to Belgium, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of -6.0%), while imports for the other leaders experienced a decline.

In value terms, France ($X), Ireland ($X) and the Netherlands ($X) appeared to be the largest casein and caseinates suppliers to Belgium, with a combined 96% share of total imports.

In terms of the main suppliers, France, with a CAGR of -3.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, jumping by 44% against the previous year. Over the period under review, the import price continues to indicate temperate growth. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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