Japan: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Japan

In 2022, the Japanese casein and caseinates market increased by 0.4% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a noticeable decrease. Casein and caseinates consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Casein And Caseinates Production in Japan

In value terms, casein and caseinates production fell slightly to $X in 2022 estimated in export price. Overall, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Casein and caseinates production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from Japan

In 2022, after two years of decline, there was significant growth in shipments abroad of casein and caseinates, when their volume increased by 229% to X kg. Over the period under review, exports saw a slight increase. The pace of growth was the most pronounced in 2013 with an increase of 784% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, casein and caseinates exports skyrocketed to $X in 2022. In general, exports posted a moderate increase. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X kg) was the main destination for casein and caseinates exports from Japan, with a 59% share of total exports. Moreover, casein and caseinates exports to China exceeded the volume sent to the second major destination, India (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Saudi Arabia (-32.1% per year).

In value terms, China ($X) emerged as the key foreign market for casein and caseinates exports from Japan, comprising 80% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-36.2% per year) and India (0.0% per year).

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, with an increase of 55% against the previous year. In general, the export price showed a slight expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 331% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($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 China (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Casein And Caseinates Imports

Imports into Japan

In 2022, imports of casein and caseinates into Japan expanded remarkably to X tons, with an increase of 8.2% against the previous year. Overall, imports showed a modest increase. The most prominent rate of growth was recorded in 2018 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, casein and caseinates imports soared to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of casein and caseinates to Japan, accounting for a 68% share of total imports. Moreover, casein and caseinates imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Ireland (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.0% per year) and Ireland (+35.5% per year).

In value terms, New Zealand ($X) constituted the largest supplier of casein and caseinates to Japan, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by France, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.6% per year) and France (+18.3% per year).

Import Prices by Country

In 2022, the average casein and caseinates import price amounted to $X per ton, with an increase of 34% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 import price increased by +84.4% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and New Zealand ($X per ton), while the price for France ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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