Middle East: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in the Middle East

The Middle Eastern casein and caseinates market expanded remarkably to $X in 2022, surging by 6.2% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable 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 remained at a lower figure.

Casein And Caseinates Production in the Middle East

In value terms, casein and caseinates production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Casein And Caseinates Exports

Exports in the Middle East

Casein and caseinates exports soared to X tons in 2022, with an increase of 287% against 2021 figures. In general, exports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,604% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, casein and caseinates exports surged to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,041%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the largest exporting country with an export of about X tons, which accounted for 85% of total exports. It was distantly followed by Iran (X tons), achieving a 14% 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%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +19 percentage points.

In value terms, Turkey ($X) emerged as the largest casein and caseinates supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was taken by Iran ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +7.1%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 29% against the previous year. In general, the export price continues to indicate measured growth. The pace of growth appeared the most rapid in 2021 an increase of 85%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+8.0%).

Casein And Caseinates Imports

Imports in the Middle East

In 2022, imports of casein and caseinates in the Middle East surged to X tons, picking up by 23% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 51% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, casein and caseinates imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 68% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia was the main importing country with an import of around X tons, which accounted for 57% of total imports. Israel (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (9.7%) and Lebanon (7.7%). Turkey (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to casein and caseinates imports into Saudi Arabia stood at +4.0%. At the same time, Lebanon (+46.7%) and Bahrain (+24.8%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +46.7% from 2012-2022. By contrast, Israel (-4.7%) and Turkey (-14.8%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+18 p.p.), Bahrain (+8.6 p.p.) and Lebanon (+7.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (-11 p.p.) and Turkey (-14.8 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported casein and caseinates in the Middle East, comprising 51% of total imports. The second position in the ranking was held by Israel ($X), with a 21% share of total imports. It was followed by Bahrain, with a 10% share.

In Saudi Arabia, casein and caseinates imports expanded at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (-2.4% per year) and Bahrain (+25.9% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by 9.1% against the previous year. In general, the import price continues to indicate modest growth. The pace of growth appeared the most rapid in 2020 when the import price increased by 32%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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