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

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

In 2022, after five years of growth, there was significant decline in the Irish casein glue and caseinates market, when its value decreased by -92.4% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

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

In value terms, casein glue and caseinates production amounted to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 72%. Casein glue and caseinates production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Ireland

Casein glue and caseinates exports from Ireland totaled X tons in 2022, leveling off at 2021. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 71%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, casein glue and caseinates exports totaled $X in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 95%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of casein glue and caseinates exports from Ireland, with a combined 64% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +207.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for casein glue and caseinates exported from Ireland were the Netherlands ($X), China ($X) and the UK ($X), with a combined 72% share of total exports. Denmark, Malaysia, Indonesia, Germany, the United States and South Korea lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, Germany, with a CAGR of +182.0%, 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 glue and caseinates export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+19.8%), 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 Ireland

In 2022, overseas purchases of casein glues and caseinates and other casein derivatives decreased by 0% to X tons, falling for the second consecutive year after four years of growth. Overall, imports showed a slight setback. The pace of growth was the most pronounced in 2020 with an increase of 69%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, casein glue and caseinates imports amounted to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 141%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of casein glue and caseinates to Ireland, accounting for a 47% share of total imports. Moreover, casein glue and caseinates imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.9% per year) and Germany (+8.4% per year).

In value terms, the largest casein glue and caseinates suppliers to Ireland were France ($X), the Netherlands ($X) and Germany ($X), together comprising 94% of total imports. The UK, Belgium and Poland lagged somewhat behind, together comprising a further 4.7%.

Poland, with a CAGR of +28.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual 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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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