GCC: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in GCC

The GCC casein and caseinates market rose markedly to $X in 2022, surging by 8.5% against the previous year. Overall, consumption enjoyed a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Casein And Caseinates Production in GCC

In value terms, casein and caseinates production rose modestly to $X in 2022 estimated in export price. In general, production recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 56%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports in GCC

After two years of growth, overseas shipments of casein and caseinates decreased by -20.5% to X tons in 2022. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 97% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, casein and caseinates exports reduced to $X in 2022. Overall, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2015 with an increase of 254%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) represented roughly 100% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the casein and caseinates exports, with a CAGR of -2.0% from 2012 to 2022. While the share of the United Arab Emirates (+88 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest casein and caseinates supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 103% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.1% per year.

Casein And Caseinates Imports

Imports in GCC

In 2022, approx. X tons of casein and caseinates were imported in GCC; jumping by 31% against the previous year. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.8% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 74%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, casein and caseinates imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 100% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia represented the key importer of casein and caseinates in GCC, with the volume of imports accounting for X tons, which was near 83% of total imports in 2022. It was distantly followed by Bahrain (X tons), constituting a 14% share of total imports. The United Arab Emirates (X tons) held a little share of total imports.

Imports into Saudi Arabia increased at an average annual rate of +4.0% from 2012 to 2022. At the same time, Bahrain (+24.8%) and the United Arab Emirates (+1.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +24.8% from 2012-2022. Bahrain (+11 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by -11.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported casein and caseinates in GCC, comprising 81% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 16% share of total imports.

In Saudi Arabia, casein and caseinates imports expanded at an average annual rate of +4.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (+25.9% per year) and the United Arab Emirates (-1.8% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, with an increase of 3.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 34%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform