Eastern Asia: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Eastern Asia

The East Asian casein glue and caseinates market reached $X in 2022, picking up by 6.9% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.4% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Eastern Asia

In value terms, casein glue and caseinates production rose rapidly to $X in 2022 estimated in export price. The total production indicated a prominent 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 most prominent rate of growth was recorded in 2014 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in Eastern Asia

In 2022, shipments abroad of casein glues and caseinates and other casein derivatives decreased by -6.3% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 170% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports reached $X in 2022. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 132% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the major exporter of casein glues and caseinates and other casein derivatives in Eastern Asia, with the volume of exports accounting for X tons, which was approx. 69% of total exports in 2022. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 12% share, followed by South Korea (9.2%) and Japan (6.4%). Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -14.3% from 2012 to 2022. At the same time, South Korea (+62.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +62.8% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-7.8%) and Hong Kong SAR (-27.5%) illustrated a downward trend over the same period. South Korea (+9.2 p.p.), Taiwan (Chinese) (+9.1 p.p.) and Japan (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while China and Hong Kong SAR saw its share reduced by -5.9% and -15.4% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest casein glue and caseinates supplier in Eastern Asia, comprising 60% of total exports. The second position in the ranking was held by South Korea ($X), with a 25% share of total exports. It was followed by Taiwan (Chinese), with a 6.5% share.

In China, casein glue and caseinates exports declined by an average annual rate of -9.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+57.3% per year) and Taiwan (Chinese) (+6.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 7.2% against the previous year. In general, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of 67% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in Eastern Asia

In 2022, after four years of growth, there was decline in supplies from abroad of casein glues and caseinates and other casein derivatives, when their volume decreased by -2.9% to X tons. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, casein glue and caseinates imports soared to $X in 2022. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

China was the major importer of casein glues and caseinates and other casein derivatives in Eastern Asia, with the volume of imports finishing at X tons, which was near 56% of total imports in 2022. It was distantly followed by Japan (X tons) and South Korea (X tons), together constituting a 41% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +8.1% from 2012 to 2022. At the same time, South Korea (+8.3%) and Taiwan (Chinese) (+3.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +8.3% from 2012-2022. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and South Korea increased by +13 and +4.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported casein glues and caseinates and other casein derivatives in Eastern Asia, comprising 54% of total imports. The second position in the ranking was held by Japan ($X), with a 25% share of total imports. It was followed by South Korea, with an 18% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +11.1%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+3.5% per year) and South Korea (+11.8% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, jumping by 34% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +93.7% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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