Hong Kong SAR, China: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Hong Kong SAR, China

The Hong Kong casein glue and caseinates market was estimated at $X in 2022, surging by 11% against the previous year. In general, consumption saw a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Hong Kong SAR, China

In value terms, casein glue and caseinates production rose markedly to $X in 2022 estimated in export price. Overall, production continues to indicate notable growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 65%. As a result, production reached 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 from Hong Kong SAR, China

In 2022, casein glue and caseinates exports from Hong Kong SAR skyrocketed to X tons, jumping by 31% compared with the previous year's figure. Overall, exports, however, saw a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 1,143% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein glue and caseinates exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 1,040% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for casein glue and caseinates exports from Hong Kong SAR, accounting for a 80% share of total exports. Moreover, casein glue and caseinates exports to China exceeded the volume sent to the second major destination, Bangladesh (X kg), sevenfold. The third position in this ranking was taken by Georgia (X kg), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-15.2% per year) and Georgia (-31.6% per year).

In value terms, China ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 7.7% share of total exports. It was followed by France, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to -26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-18.9% per year) and France (-28.8% per year).

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, with an increase of 7.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 67%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Georgia ($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 China (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Hong Kong SAR, China

Casein glue and caseinates imports into Hong Kong SAR reduced notably to X tons in 2022, with a decrease of -62.1% compared with the previous year's figure. In general, imports showed a sharp reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 77%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports reduced sharply to $X in 2022. Overall, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 88% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main casein glue and caseinates supplier to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -23.2%.

In value terms, Germany ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -20.5%.

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, rising by 66% against the previous year. Overall, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Guyana amounted to +11.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :