Greece: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Greece

The Greek casein and caseinates market reached $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a perceptible decline. Casein and caseinates consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Casein And Caseinates Production in Greece

In value terms, casein and caseinates production expanded slightly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 18% against the previous year. Casein and caseinates production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Casein And Caseinates Exports

Exports from Greece

After two years of growth, shipments abroad of casein and caseinates decreased by -56.6% to X tons in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 821%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, casein and caseinates exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 1,621% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Albania (X tons) was the main destination for casein and caseinates exports from Greece, accounting for a 98% share of total exports. It was followed by Bulgaria (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Albania amounted to +71.5%.

In value terms, Albania ($X) emerged as the key foreign market for casein and caseinates exports from Greece, comprising 92% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Albania amounted to +42.4%.

Export Prices by Country

In 2022, the average casein and caseinates export price amounted to $X per ton, declining by -61.8% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of 118%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Albania amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+4.3%), while the prices for the other major destinations experienced a decline.

Casein And Caseinates Imports

Imports into Greece

In 2022, after three years of growth, there was significant decline in overseas purchases of casein and caseinates, when their volume decreased by -11.5% to X tons. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, casein and caseinates imports soared to $X in 2022. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 65%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of casein and caseinates to Greece, with a 49% share of total imports. Moreover, casein and caseinates imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Ireland (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.1% per year) and Ireland (-7.8% per year).

In value terms, Germany ($X) constituted the largest supplier of casein and caseinates to Greece, comprising 51% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports. It was followed by Ireland, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.3% per year) and Ireland (-4.5% per year).

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, surging by 40% against the previous year. In general, the import price posted a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for Bulgaria ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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