India: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in India

The Indian casein and caseinates market contracted slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Casein And Caseinates Production in India

In value terms, casein and caseinates production rose slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. Casein and caseinates production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Casein And Caseinates Exports

Exports from India

For the third consecutive year, India recorded growth in shipments abroad of casein and caseinates, which increased by 30% to X tons in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 296% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, casein and caseinates exports skyrocketed to $X in 2022. Overall, exports showed pronounced growth. The growth pace was the most rapid in 2021 when exports increased by 361%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for casein and caseinates exports from India, accounting for a 56% share of total exports. Moreover, casein and caseinates exports to the United States exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+32.0% per year) and Germany (+0.5% per year).

In value terms, the United States ($X) remains the key foreign market for casein and caseinates exports from India, comprising 56% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 17% share of total exports. It was followed by Germany, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+37.2% per year) and Germany (+4.1% per year).

Export Prices by Country

In 2022, the average casein and caseinates export price amounted to $X per ton, increasing by 30% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein and caseinates export price increased by +66.5% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Poland ($X per ton), while the average price for exports to Vietnam ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Casein And Caseinates Imports

Imports into India

In 2022, supplies from abroad of casein and caseinates decreased by -35.9% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 823%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, casein and caseinates imports declined remarkably to $X in 2022. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2019 when imports increased by 1,027%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest casein and caseinates supplier to India, with a 11% share of total imports. Moreover, casein and caseinates imports from New Zealand exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+121.4% per year) and Denmark (+8.4% per year).

In value terms, New Zealand ($X) constituted the largest supplier of casein and caseinates to India, comprising 16% of total imports. The second position in the ranking was held by Denmark ($X), with a 5.3% share of total imports. It was followed by the UK, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand stood at +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+7.6% per year) and the UK (+119.2% per year).

Import Prices by Country

In 2022, the average casein and caseinates import price amounted to $X per ton, growing by 6.6% against the previous year. Over the period under review, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+24.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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