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

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

The Hungarian casein glue and caseinates market surged to $X in 2022, jumping by 38% against the previous year. In general, consumption continues to indicate a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

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

In value terms, casein glue and caseinates production rose remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 37%. Casein glue and caseinates production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Hungary

In 2022, casein glue and caseinates exports from Hungary reduced rapidly to X tons, dropping by -45.2% against the previous year's figure. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports dropped sharply to $X in 2022. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Romania (X tons) and Serbia (X tons) were the main destinations of casein glue and caseinates exports from Hungary, together comprising 56% of total exports. Denmark, Bulgaria, Croatia, Poland, Italy, Spain, the Czech Republic, North Macedonia and Austria lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +195.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for casein glue and caseinates exported from Hungary were Romania ($X), Germany ($X) and Serbia ($X), together accounting for 56% of total exports. Denmark, Croatia, Bulgaria, Italy, Poland, North Macedonia, the Czech Republic, Spain and Austria lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, North Macedonia, with a CAGR of +121.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Spain ($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 Spain (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Hungary

In 2022, supplies from abroad of casein glues and caseinates and other casein derivatives decreased by -21.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a temperate expansion. The growth pace was the most rapid in 2016 with an increase of 193% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports expanded to $X in 2022. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 206% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest casein glue and caseinates supplier to Hungary, accounting for a 60% share of total imports. Moreover, casein glue and caseinates imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+54.0% per year) and the Netherlands (+2.4% per year).

In value terms, Germany ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Hungary, comprising 55% of total imports. The second position in the ranking was held by Poland ($X), with a 27% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+82.9% per year) and the Netherlands (+4.3% per year).

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, increasing by 32% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +84.4% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 35%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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