New Zealand: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in New Zealand

In 2022, the New Zealand casein glue and caseinates market decreased by -22.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in New Zealand

In value terms, casein glue and caseinates production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from New Zealand

In 2022, the amount of casein glues and caseinates and other casein derivatives exported from New Zealand surged to X tons, jumping by 47% compared with the previous year's figure. Overall, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, casein glue and caseinates exports soared to $X in 2022. In general, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main destinations of casein glue and caseinates exports from New Zealand, together comprising 68% of total exports. Indonesia, South Korea, Singapore, the Netherlands and Germany lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +24.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for casein glue and caseinates exported from New Zealand were China ($X), Japan ($X) and the United States ($X), together comprising 69% of total exports. Indonesia, South Korea, Singapore, the Netherlands and Germany lagged somewhat behind, together comprising a further 23%.

South Korea, with a CAGR of +27.7%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, with an increase of 33% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 export price increased by +109.8% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and China ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.7%), 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 New Zealand

In 2022, supplies from abroad of casein glues and caseinates and other casein derivatives was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2013 with an increase of 91% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, casein glue and caseinates imports surged to $X in 2022. Over the period under review, imports continue to indicate a pronounced increase. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest casein glue and caseinates supplier to New Zealand, with a 72% share of total imports. Moreover, casein glue and caseinates imports from France exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. Australia (X kg) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-3.2% per year) and Australia (-8.5% per year).

In value terms, France ($X), Denmark ($X) and Australia ($X) constituted the largest casein glue and caseinates suppliers to New Zealand, together accounting for 99% of total imports.

In terms of the main suppliers, France, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, picking up by 87% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +118.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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