China: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in China

For the third consecutive year, the Chinese casein and caseinates market recorded growth in sales value, which increased by 2.3% to $X in 2022. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Casein And Caseinates Production in China

In value terms, casein and caseinates production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 36% against the previous year. Casein and caseinates production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from China

In 2022, approx. X tons of casein and caseinates were exported from China; with an increase of 29% compared with the previous year. Over the period under review, exports, however, saw a precipitous decrease. The pace of growth was the most pronounced in 2016 with an increase of 148% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, casein and caseinates exports surged to $X in 2022. In general, exports, however, saw a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), South Korea (X tons) and France (X tons) were the main destinations of casein and caseinates exports from China, with a combined 69% share of total exports. Vietnam, Thailand, the Philippines, Honduras and Germany lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +34.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), South Korea ($X) and Vietnam ($X) constituted the largest markets for casein and caseinates exported from China worldwide, with a combined 68% share of total exports.

Vietnam, with a CAGR of +45.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, surging by 20% against the previous year. Overall, the export price posted a prominent expansion. The growth pace was the most rapid in 2021 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Malaysia ($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 Germany (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Casein And Caseinates Imports

Imports into China

In 2022, casein and caseinates imports into China rose notably to X tons, with an increase of 15% against 2021. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 71%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, casein and caseinates imports skyrocketed to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 80% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of casein and caseinates to China, with a 76% share of total imports. Moreover, casein and caseinates imports from New Zealand exceeded the figures recorded by the second-largest supplier, Ireland (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+20.1% per year) and France (+88.6% per year).

In value terms, New Zealand ($X) constituted the largest supplier of casein and caseinates to China, comprising 76% of total imports. The second position in the ranking was taken by Ireland ($X), with an 8.3% share of total imports. It was followed by Argentina, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+17.3% per year) and Argentina (+99.4% per year).

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, picking up by 35% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 import price increased by +114.1% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ireland ($X per ton) and New Zealand ($X per ton), while the price for Canada ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+24.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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