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

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

The Chinese casein glue and caseinates market reached $X in 2022, remaining constant against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2020 indices. Casein glue and caseinates consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in China

In value terms, casein glue and caseinates production rose markedly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from China

In 2022, overseas shipments of casein glues and caseinates and other casein derivatives decreased by -20% to X tons, falling for the second consecutive year after three years of growth. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 232%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 170%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Honduras (X tons) and Malaysia (X tons) were the main destinations of casein glue and caseinates exports from China, together comprising 47% of total exports. The Philippines, South Africa, Kyrgyzstan, Myanmar, Guatemala, Bangladesh, Pakistan, Sri Lanka and Colombia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +81.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for casein glue and caseinates exported from China were Honduras ($X), Vietnam ($X) and Malaysia ($X), together comprising 46% of total exports. South Africa, the Philippines, Guatemala, Bangladesh, Kyrgyzstan, Pakistan, Myanmar, Sri Lanka and Colombia lagged somewhat behind, together comprising a further 30%.

Myanmar, with a CAGR of +58.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average casein glue and caseinates export price amounted to $X per ton, surging by 3.1% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Myanmar ($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 Venezuela (+27.2%), 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 China

After two years of growth, purchases abroad of casein glues and caseinates and other casein derivatives decreased by -13.4% to X tons in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 37% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, casein glue and caseinates imports expanded sharply to $X in 2022. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of casein glue and caseinates to China, accounting for a 47% share of total imports. Moreover, casein glue and caseinates imports from New Zealand exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.5% per year) and Germany (+24.9% per year).

In value terms, New Zealand ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to China, comprising 50% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.1% per year) and Germany (+30.6% per year).

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, increasing by 32% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +96.3% 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 Poland ($X per ton) and France ($X per ton), while the price for the Netherlands ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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