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

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

The Indian casein glue and caseinates market rose modestly to $X in 2022, surging by 3.4% against the previous year. Overall, consumption showed prominent growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, casein glue and caseinates production expanded significantly to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 48% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from India

In 2022, shipments abroad of casein glues and caseinates and other casein derivatives increased by 5.9% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 752%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, casein glue and caseinates exports surged to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 985% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Indonesia (X tons) was the main destination for casein glue and caseinates exports from India, with a 58% share of total exports. Moreover, casein glue and caseinates exports to Indonesia exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at +5,430.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+47.9% per year) and South Korea (+14.8% per year).

In value terms, Indonesia ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from India, comprising 59% of total exports. The second position in the ranking was taken by Thailand ($X), with a 21% share of total exports. It was followed by South Korea, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at +4,080.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+52.6% per year) and South Korea (+26.2% per year).

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, picking up by 19% against the previous year. In general, the export price, however, saw a mild descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Sri Lanka ($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 South Korea (+9.9%), 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 India

In 2022, after four years of growth, there was significant decline in purchases abroad of casein glues and caseinates and other casein derivatives, when their volume decreased by -34.6% to X tons. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 953% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted sharply in the following year.

In value terms, casein glue and caseinates imports shrank remarkably to $X in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,119% against the previous year. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest casein glue and caseinates supplier to India, with a 79% share of total imports. Moreover, casein glue and caseinates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), ninefold. Spain (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +46.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+25.3% per year) and Spain (-55.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to India, comprising 76% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports. It was followed by Spain, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +40.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+26.8% per year) and Spain (-55.3% per year).

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, rising by 14% against the previous year. In general, the import price, however, showed a mild decrease. The pace of growth was the most pronounced in 2018 an increase of 19%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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