MENA: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in MENA

The MENA's casein and caseinates market rose markedly to $X in 2022, with an increase of 7% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Casein And Caseinates Production in MENA

In value terms, casein and caseinates production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Casein And Caseinates Exports

Exports in MENA

In 2022, approx. X tons of casein and caseinates were exported in MENA; surging by 236% compared with 2021 figures. Overall, exports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 599% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, casein and caseinates exports soared to $X in 2022. Over the period under review, exports recorded a moderate increase. The most prominent rate of growth was recorded in 2020 with an increase of 446%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey represented the main exporting country with an export of around X tons, which reached 79% of total exports. Iran (X tons) ranks second in terms of the total exports with a 13% share, followed by Egypt (4.9%). Morocco (X tons) held a little share of total exports.

Turkey was also the fastest-growing in terms of the casein and caseinates exports, with a CAGR of +3.7% from 2012 to 2022. Iran (-2.3%), Egypt (-10.1%) and Morocco (-25.8%) illustrated a downward trend over the same period. Turkey (+40 p.p.) significantly strengthened its position in terms of the total exports, while Egypt and Morocco saw its share reduced by -5.2% and -28.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest casein and caseinates supplier in MENA, comprising 79% of total exports. The second position in the ranking was held by Iran ($X), with a 14% share of total exports. It was followed by Egypt, with a 3.9% share.

In Turkey, casein and caseinates exports expanded at an average annual rate of +7.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+5.5% per year) and Egypt (-5.0% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 113% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Morocco ($X per ton) and Iran ($X per ton), while Egypt ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+22.8%), while the other leaders experienced more modest paces of growth.

Casein And Caseinates Imports

Imports in MENA

In 2022, the amount of casein and caseinates imported in MENA totaled X tons, growing by 7.8% against the previous year. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.5% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 33%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, casein and caseinates imports skyrocketed to $X in 2022. Total imports indicated a notable expansion 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 decreased by -1.2% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 41%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Morocco (X tons), distantly followed by Algeria (X tons), Saudi Arabia (X tons), Tunisia (X tons), Egypt (X tons) and Israel (X tons) were the major importers of casein and caseinates, together generating 91% of total imports. Bahrain (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +24.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) constitutes the largest market for imported casein and caseinates in MENA, comprising 33% of total imports. The second position in the ranking was held by Algeria ($X), with a 16% share of total imports. It was followed by Saudi Arabia, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Morocco stood at +12.7%. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (+3.2% per year) and Saudi Arabia (+4.1% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, growing by 14% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +75.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 32%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and Israel ($X per ton), while Algeria ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform