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

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

In 2022, the Belgian casein glue and caseinates market increased by 7.8% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +88.0% against 2017 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Belgium

After four years of decline, overseas shipments of casein glues and caseinates and other casein derivatives increased by 22% to X tons in 2022. Overall, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 31%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein glue and caseinates exports skyrocketed to $X in 2022. In general, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for casein glue and caseinates exports from Belgium, with a 77% share of total exports. Moreover, casein glue and caseinates exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at -18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+24.5% per year) and Germany (-15.9% per year).

In value terms, the Netherlands ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Belgium, comprising 79% of total exports. The second position in the ranking was taken by Germany ($X), with a 6.4% share of total exports. It was followed by Italy, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-14.9% per year) and Italy (+18.6% per year).

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 71% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Senegal ($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 Senegal (+27.4%), 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 Belgium

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were imported into Belgium; dropping by -15.2% on 2021. In general, imports saw a pronounced setback. The pace of growth was the most pronounced in 2017 when imports increased by 13%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a noticeable decrease. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of casein glue and caseinates to Belgium, accounting for a 75% share of total imports. Moreover, casein glue and caseinates imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.9% per year) and France (-11.3% per year).

In value terms, Germany ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Belgium, comprising 61% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 28% share of total imports. It was followed by France, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.1% per year) and France (-4.1% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, rising by 52% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :