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

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

The Danish casein glue and caseinates market fell modestly to $X in 2022, with a decrease of -3.9% against the previous year. Over the period under review, consumption, however, saw a significant increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, casein glue and caseinates production surged to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 125%. Casein glue and caseinates production peaked in 2022 and is expected to retain growth in the near future.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Denmark

In 2022, shipments abroad of casein glues and caseinates and other casein derivatives increased by 175% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, faced a precipitous setback. The growth pace was the most rapid in 2016 when exports increased by 372%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2016 with an increase of 520% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X tons) was the main destination for casein glue and caseinates exports from Denmark, with a 93% share of total exports. Moreover, casein glue and caseinates exports to Sri Lanka exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Sri Lanka totaled +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-10.0% per year) and Greenland (+28.2% per year).

In value terms, Sri Lanka ($X) emerged as the key foreign market for casein glues and caseinates and other casein derivatives exports from Denmark, comprising 89% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sri Lanka totaled +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-7.2% per year) and Greenland (+27.9% per year).

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, reducing by -21% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greenland ($X per ton), while the average price for exports to Sri Lanka ($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 Turkey (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Denmark

Casein glue and caseinates imports into Denmark skyrocketed to X tons in 2022, rising by 20% against the previous year's figure. In general, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 109%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports skyrocketed to $X in 2022. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Ireland (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of casein glue and caseinates imports to Denmark, with a combined 81% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the Netherlands ($X) and Poland ($X) were the largest casein glue and caseinates suppliers to Denmark, together accounting for 83% of total imports.

Ireland, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, increasing by 14% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +60.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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