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

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

The Canadian casein glue and caseinates market expanded significantly to $X in 2022, increasing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Canada

For the fourth year in a row, Canada recorded growth in shipments abroad of casein glues and caseinates and other casein derivatives, which increased by 50% to X tons in 2022. Over the period under review, exports recorded a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,247% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, casein glue and caseinates exports surged to $X in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 2,585% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for casein glue and caseinates exports from Canada, with a 88% share of total exports. Moreover, casein glue and caseinates exports to the United States exceeded the volume sent to the second major destination, France (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +29.5%.

In value terms, the United States ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Canada, comprising 96% of total exports. The second position in the ranking was taken by France ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +35.1%.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, jumping by 33% against the previous year. In general, the export price showed a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 202% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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 France stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+13.0%).

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Canada

In 2022, casein glue and caseinates imports into Canada was estimated at X tons, growing by 2% against the year before. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, casein glue and caseinates imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of casein glue and caseinates to Canada, with a 42% share of total imports. Moreover, casein glue and caseinates imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-19.9% per year) and Germany (-18.0% per year).

In value terms, the United States ($X), Germany ($X) and New Zealand ($X) appeared to be the largest casein glue and caseinates suppliers to Canada, together accounting for 76% of total imports. The Netherlands, France and Poland lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, France, with a CAGR of +46.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +41.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 57% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Poland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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