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

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

The Egyptian casein glue and caseinates market expanded remarkably to $X in 2022, with an increase of 9.6% against the previous year. Overall, consumption saw a prominent increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, casein glue and caseinates production rose notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 58%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Egypt

Casein glue and caseinates exports from Egypt dropped to X tons in 2022, declining by -9.6% compared with the year before. In general, exports saw a sharp descent. The pace of growth appeared the most rapid in 2013 when exports increased by 85% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, casein glue and caseinates exports declined rapidly to $X in 2022. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 137% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for casein glue and caseinates exports from Egypt, with a 85% share of total exports. Moreover, casein glue and caseinates exports to the Netherlands exceeded the volume sent to the second major destination, Saudi Arabia (X kg), eightfold. The third position in this ranking was held by Qatar (X kg), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled -18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-25.2% per year) and Qatar (-41.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Egypt, comprising 74% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.4% share of total exports. It was followed by Qatar, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-18.4% per year) and Qatar (-21.4% per year).

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, which is down by -20.4% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 an increase of 87% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Sudan ($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 Qatar (+34.0%), 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 Egypt

In 2022, casein glue and caseinates imports into Egypt declined rapidly to X tons, which is down by -93% against the year before. Overall, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 3,691%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, casein glue and caseinates imports shrank sharply to $X in 2022. Over the period under review, imports showed a sharp setback. The most prominent rate of growth was recorded in 2019 when imports increased by 2,608%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) was the main supplier of casein glue and caseinates to Egypt, with a 99% share of total imports. It was followed by France (X kg), with a 1.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +46.1%.

In value terms, Spain ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Egypt, comprising 99% of total imports. The second position in the ranking was taken by France ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +30.8%.

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, growing by 29% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +20.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 65% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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