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

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

In 2022, the Finnish casein glue and caseinates market increased by 9.4% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption, however, continues to indicate a strong expansion. Casein glue and caseinates consumption 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 Finland

In 2022, after two years of growth, there was significant decline in overseas shipments of casein glues and caseinates and other casein derivatives, when their volume decreased by -83.6% to X kg. Overall, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2016 when exports increased by 7,295%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein glue and caseinates exports dropped notably to $X in 2022. Over the period under review, exports showed a dramatic slump. The pace of growth was the most pronounced in 2016 with an increase of 7,065%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X kg) was the main destination for casein glue and caseinates exports from Finland, accounting for a 87% share of total exports. Moreover, casein glue and caseinates exports to Switzerland exceeded the volume sent to the second major destination, Australia (X kg), more than tenfold. The third position in this ranking was held by Hong Kong SAR (X kg), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland totaled +532.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Hong Kong SAR (0.0% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for casein glues and caseinates and other casein derivatives exports from Finland, comprising 88% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.2% share of total exports. It was followed by Hong Kong SAR, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland totaled +244.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Hong Kong SAR (0.0% per year).

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, dropping by -52.5% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2014 an increase of 557%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and Australia ($X per ton), while the average price for exports to the United States ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+8.2%), while the prices for the other major destinations experienced a decline.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Finland

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were imported into Finland; reducing by -13.2% compared with 2021 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +30.0% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 97% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, casein glue and caseinates imports surged to $X in 2022. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2016 with an increase of 90% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Denmark (X kg) were the main suppliers of casein glue and caseinates imports to Finland, together accounting for 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +43.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) were the largest casein glue and caseinates suppliers to Finland, together accounting for 100% of total imports.

The Netherlands, with a CAGR of +47.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, rising by 34% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +69.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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