Benelux: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Benelux

In 2022, the Benelux casein and caseinates market decreased by -1.1% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a noticeable contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Casein And Caseinates Production in Benelux

In value terms, casein and caseinates production shrank dramatically to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 182% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Casein And Caseinates Exports

Exports in Benelux

In 2022, after four years of growth, there was decline in overseas shipments of casein and caseinates, when their volume decreased by -1.8% to X tons. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 64% against the previous year. The volume of export peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, casein and caseinates exports totaled $X in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 73%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The Netherlands dominates exports structure, recording X tons, which was near 98% of total exports in 2022. Belgium (X tons) took a relatively small share of total exports.

The Netherlands was also the fastest-growing in terms of the casein and caseinates exports, with a CAGR of +8.5% from 2012 to 2022. Belgium (-20.3%) illustrated a downward trend over the same period. While the share of the Netherlands (+26 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-25.7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest casein and caseinates supplier in Benelux, comprising 98% of total exports. The second position in the ranking was taken by Belgium ($X), with a 2.2% share of total exports.

In the Netherlands, casein and caseinates exports expanded at an average annual rate of +13.4% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by 16% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +75.4% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 27%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%).

Casein And Caseinates Imports

Imports in Benelux

In 2022, casein and caseinates imports in Benelux dropped modestly to X tons, which is down by -4.5% against the previous year. Total imports indicated a temperate expansion from 2012 to 2022: its volume 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, imports decreased by -38.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 112% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, casein and caseinates imports soared to $X in 2022. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 92% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands was the key importing country with an import of about X tons, which amounted to 87% of total imports. It was distantly followed by Belgium (X tons), constituting a 13% share of total imports.

The Netherlands was also the fastest-growing in terms of the casein and caseinates imports, with a CAGR of +8.5% from 2012 to 2022. Belgium (-9.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +36 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported casein and caseinates in Benelux, comprising 86% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports.

In the Netherlands, casein and caseinates imports expanded at an average annual rate of +11.5% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, growing by 28% against the previous year. Over the period under review, the import price saw a temperate expansion. The most prominent rate of growth was recorded in 2021 an increase of 52%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.5%).

Source: IndexBox Platform