Eastern Asia: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Eastern Asia

The East Asian casein and caseinates market expanded to $X in 2022, picking up by 2.4% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Casein And Caseinates Production in Eastern Asia

In value terms, casein and caseinates production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Casein And Caseinates Exports

Exports in Eastern Asia

In 2022, approx. X tons of casein and caseinates were exported in Eastern Asia; surging by 14% against the previous year's figure. In general, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by 43%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein and caseinates exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporting country with an export of about X tons, which recorded 78% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), committing a 21% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to casein and caseinates exports from China stood at -20.0%. Taiwan (Chinese) (-5.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese) increased by +16 percentage points.

In value terms, China ($X) remains the largest casein and caseinates supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.1% share of total exports.

In China, casein and caseinates exports decreased by an average annual rate of -14.6% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 33% against the previous year. Export price indicated strong growth from 2012 to 2022: its price 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, casein and caseinates export price increased by +112.1% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%).

Casein And Caseinates Imports

Imports in Eastern Asia

In 2022, the amount of casein and caseinates imported in Eastern Asia rose notably to X tons, increasing by 10% compared with the year before. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, casein and caseinates imports skyrocketed to $X in 2022. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the main importer of casein and caseinates in Eastern Asia, with the volume of imports accounting for X tons, which was near 64% of total imports in 2022. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together took near 36% share of total imports.

China was also the fastest-growing in terms of the casein and caseinates imports, with a CAGR of +18.9% from 2012 to 2022. At the same time, South Korea (+3.3%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. China (+36 p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Japan saw its share reduced by -12% and -23% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported casein and caseinates in Eastern Asia, comprising 65% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +22.5%. In the other countries, the average annual rates were as follows: Japan (+2.8% per year) and South Korea (+5.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by 33% against the previous year. Import price indicated a notable 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 and caseinates import price increased by +95.0% 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 noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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