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

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

The MERCOSUR casein glue and caseinates market surged to $X in 2022, picking up by 21% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.7% against 2016 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

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

In value terms, casein glue and caseinates production soared to $X in 2022 estimated in export price. The total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 105% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas shipments of casein glues and caseinates and other casein derivatives, when their volume decreased by -27.2% to X tons. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 902%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports contracted significantly to $X in 2022. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 519%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina prevails in exports structure, recording X tons, which was near 94% of total exports in 2022. Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to casein glue and caseinates exports from Argentina stood at -16.8%. At the same time, Uruguay (+51.7%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +51.7% from 2012-2022. From 2012 to 2022, the share of Uruguay increased by +3.2 percentage points.

In value terms, Argentina ($X) remains the largest casein glue and caseinates supplier in MERCOSUR, comprising 94% of total exports. The second position in the ranking was held by Uruguay ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina totaled -16.8%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by 2.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-0.0%).

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in MERCOSUR

In 2022, casein glue and caseinates imports in MERCOSUR totaled X tons, with an increase of 3.6% against 2021 figures. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +0.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, casein glue and caseinates imports skyrocketed to $X in 2022. In general, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the major importer of casein glues and caseinates and other casein derivatives, committing 62% of total imports. It was distantly followed by Argentina (X tons), achieving a 26% share of total imports. The following importers - Peru (X tons), Colombia (X tons) and Uruguay (X tons) - together made up 11% of total imports.

Brazil was also the fastest-growing in terms of the casein glues and caseinates and other casein derivatives imports, with a CAGR of +11.3% from 2012 to 2022. At the same time, Peru (+7.6%) and Uruguay (+6.9%) displayed positive paces of growth. Argentina experienced a relatively flat trend pattern. By contrast, Colombia (-1.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +26 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported casein glues and caseinates and other casein derivatives in MERCOSUR, comprising 63% of total imports. The second position in the ranking was taken by Argentina ($X), with a 26% share of total imports. It was followed by Uruguay, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to +15.2%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+3.2% per year) and Uruguay (+10.3% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by 32% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein glue and caseinates import price increased by +65.3% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Uruguay ($X per ton) and Brazil ($X per ton), while Peru ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform