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

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

In 2022, the Lithuanian casein glue and caseinates market decreased by -8.4% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, showed a strong expansion. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

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

In value terms, casein glue and caseinates production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 111% against the previous year. Casein glue and caseinates production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Lithuania

In 2022, casein glue and caseinates exports from Lithuania surged to X tons, jumping by 505% compared with the year before. Over the period under review, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein glue and caseinates exports soared to $X in 2022. Overall, exports, however, saw a deep contraction. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Finland (X tons) and Norway (X tons) were the main destinations of casein glue and caseinates exports from Lithuania, together accounting for 77% of total exports. Kazakhstan, Belarus, Latvia, Estonia and Russia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +139.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Sweden ($X) and Estonia ($X) constituted the largest markets for casein glue and caseinates exported from Lithuania worldwide, with a combined 71% share of total exports. Kazakhstan, Belarus, Norway, Latvia and Russia lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Belarus, with a CAGR of +80.7%, recorded the highest growth rate of 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

In 2022, the average casein glue and caseinates export price amounted to $X per ton, shrinking by -28.1% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 88%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Norway ($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 Estonia (+11.5%), 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 Lithuania

In 2022, purchases abroad of casein glues and caseinates and other casein derivatives increased by 5.6% to X tons, rising for the fourth year in a row after four years of decline. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 107% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, casein glue and caseinates imports shrank to $X in 2022. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 160% against the previous year. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

Poland (X tons), Estonia (X tons) and Germany (X tons) were the main suppliers of casein glue and caseinates imports to Lithuania, with a combined 84% share of total imports. The Netherlands, Hungary, France, Denmark and Latvia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +45.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Lithuania, comprising 67% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.5% per year) and the Netherlands (-3.0% per year).

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, shrinking by -9.7% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 36% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 France ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform