Ireland: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Ireland

In 2022, after two years of growth, there was significant decline in the Irish casein and caseinates market, when its value decreased by -97.6% to $X. In general, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Casein And Caseinates Production in Ireland

In value terms, casein and caseinates production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +100.9% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 45%. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in the near future.

Casein And Caseinates Exports

Exports from Ireland

In 2022, overseas shipments of casein and caseinates decreased by 0% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded pronounced growth. The pace of growth appeared the most rapid in 2014 when exports increased by 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, casein and caseinates exports amounted to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), Mexico (X tons) and the Netherlands (X tons) were the main destinations of casein and caseinates exports from Ireland, with a combined 54% share of total exports. Spain, Germany, the UK, Poland, Morocco, Italy, China, France, Russia and Belgium lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +33.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for casein and caseinates exported from Ireland were the United States ($X), Mexico ($X) and the Netherlands ($X), together accounting for 56% of total exports. Spain, the UK, Germany, Poland, Morocco, Italy, China, France, Russia and Belgium lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, China, with a CAGR of +37.8%, saw the highest rates of growth with regard to 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 and caseinates export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price showed tangible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Russia ($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 Belgium (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Casein And Caseinates Imports

Imports into Ireland

In 2022, the amount of casein and caseinates imported into Ireland stood at X tons, stabilizing at 2021 figures. In general, imports showed a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 109%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, casein and caseinates imports stood at $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of casein and caseinates imports to Ireland, together comprising 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +34.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the largest casein and caseinates suppliers to Ireland, with a combined 89% share of total imports.

The Netherlands, with a CAGR of +55.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price posted pronounced growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 57%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :