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

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

The Kuwaiti casein glue and caseinates market expanded markedly to $X in 2022, picking up by 6.2% against the previous year. In general, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, casein glue and caseinates production rose significantly to $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 94% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Kuwait

Casein glue and caseinates exports from Kuwait declined to X tons in 2022, which is down by -6.3% on the previous year's figure. In general, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2018 when exports increased by 238%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports shrank to $X in 2022. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2018 with an increase of 461%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for casein glue and caseinates exports from Kuwait, with a 79% share of total exports. Moreover, casein glue and caseinates exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled -35.0%.

In value terms, Saudi Arabia ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Kuwait, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at -23.4%.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price, however, saw significant growth. The pace of growth appeared the most rapid in 2018 an increase of 66%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Kuwait

In 2022, approx. X kg of casein glues and caseinates and other casein derivatives were imported into Kuwait; declining by -29.6% against the year before. In general, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2014 when imports increased by 539%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports rose significantly to $X in 2022. Overall, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2014 when imports increased by 398%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X kg) constituted the largest casein glue and caseinates supplier to Kuwait, with a 57% share of total imports. Moreover, casein glue and caseinates imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Turkey (X kg), threefold. The third position in this ranking was held by Syrian Arab Republic (X kg), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled -46.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-21.7% per year) and Syrian Arab Republic (-16.8% per year).

In value terms, the largest casein glue and caseinates suppliers to Kuwait were Saudi Arabia ($X), Turkey ($X) and Egypt ($X), together comprising 47% of total imports.

Among the main suppliers, Egypt, with a CAGR of -0.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, increasing by 50% against the previous year. Overall, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 76% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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