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

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

The GCC casein glue and caseinates market surged to $X in 2022, jumping by 16% against the previous year. In general, consumption recorded a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, casein glue and caseinates production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production showed strong growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 64%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in GCC

In 2022, the amount of casein glues and caseinates and other casein derivatives exported in GCC fell dramatically to X tons, declining by -58.2% against the year before. Overall, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 166%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 146%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X tons, which was approx. 95% of total exports in 2022. The following exporters - Bahrain (X tons) and Oman (X tons) - each amounted to a 3.9% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +12.2% from 2012 to 2022. At the same time, Bahrain (+68.2%) and Oman (+60.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +68.2% from 2012-2022. While the share of the United Arab Emirates (+93 p.p.), Bahrain (+2.3 p.p.) and Oman (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest casein glue and caseinates supplier in GCC, comprising 88% of total exports. The second position in the ranking was held by Bahrain ($X), with a 7.8% share of total exports.

In the United Arab Emirates, casein glue and caseinates exports expanded at an average annual rate of +15.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+92.7% per year) and Oman (+58.4% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by 45% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 95%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 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 (+14.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in GCC

After four years of growth, purchases abroad of casein glues and caseinates and other casein derivatives decreased by -21.8% to X tons in 2022. Overall, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 199%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, casein glue and caseinates imports reached $X in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 544%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the key importer of casein glues and caseinates and other casein derivatives, mixing up 65% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing a 33% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +18.2%).

In value terms, Saudi Arabia ($X) constitutes the largest market for imported casein glues and caseinates and other casein derivatives in GCC, comprising 69% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 30% share of total imports.

In Saudi Arabia, casein glue and caseinates imports expanded at an average annual rate of +8.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by 28% against the previous year. Over the period under review, the import price recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 364%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.0%).

Source: IndexBox Platform