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

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

The Croatian casein glue and caseinates market soared to $X in 2022, growing by 100% 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). In general, consumption enjoyed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Croatia

In 2022, the amount of casein glues and caseinates and other casein derivatives exported from Croatia declined sharply to X tons, waning by -33% compared with the year before. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 83% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, casein glue and caseinates exports skyrocketed to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 108% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Slovenia (X tons), Serbia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of casein glue and caseinates exports from Croatia, together accounting for 82% of total exports. Germany, Italy, Montenegro and China lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +103.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for casein glue and caseinates exported from Croatia were Slovenia ($X), Serbia ($X) and Italy ($X), with a combined 92% share of total exports.

Among the main countries of destination, Serbia, with a CAGR of +140.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, surging by 116% against the previous year. Overall, the export price recorded a prominent expansion. As a result, the export price reached the peak level 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 Serbia ($X per ton), while the average price for exports to Germany ($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 South Africa (+25.0%), 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 Croatia

In 2022, the amount of casein glues and caseinates and other casein derivatives imported into Croatia surged to X tons, growing by 39% compared with the previous year. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, casein glue and caseinates imports surged to $X in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Denmark (X tons) constituted the largest casein glue and caseinates supplier to Croatia, accounting for a 68% share of total imports. Moreover, casein glue and caseinates imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to +78.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+33.1% per year) and Germany (+7.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Croatia, comprising 70% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark amounted to +94.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+38.9% per year) and Germany (+11.0% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, jumping by 45% against the previous year. In general, the import price continues to indicate strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :