Report Update Nov 1, 2024

Nigeria - Casein and Caseinates - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Nigeria

The Nigerien casein and caseinates market expanded significantly to $X in 2022, growing by 7.3% against the previous year. Over the period under review, consumption, however, recorded a slight curtailment. Casein and caseinates consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Casein And Caseinates Production in Nigeria

In value terms, casein and caseinates production reached $X in 2022 estimated in export price. In general, production, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by 35%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Casein And Caseinates Exports

Exports from Nigeria

In 2015, casein and caseinates exports from Nigeria stood at X kg, leveling off at the previous year. Over the period under review, exports faced a dramatic slump. The smallest decline of 99.9% was in 2014. The exports peaked at X kg in 2013; however, from 2014 to 2015, the exports remained at a lower figure.

In value terms, casein and caseinates exports amounted to $X in 2015. In general, exports faced a precipitous slump. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2015, the exports failed to regain momentum.

Exports by Country

Ghana (X kg) was the main destination for casein and caseinates exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2013 to 2015, the average annual growth rate of volume to Ghana amounted to -51.0%.

From 2013 to 2015, the average annual growth rate of value to Ghana amounted to -67.7%.

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2015, standing approx. at the previous year. Overall, the export price saw a dramatic descent. The most prominent rate of growth was recorded in 2014 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2015, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2013 to 2015, the rate of growth in terms of prices for Ghana amounted to -34.0% per year.

Casein And Caseinates Imports

Imports into Nigeria

In 2022, approx. X tons of casein and caseinates were imported into Nigeria; growing by 65% compared with the previous year's figure. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 197% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, casein and caseinates imports surged to $X in 2022. Over the period under review, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Latvia (X tons), Ukraine (X tons) and Germany (X tons) were the main suppliers of casein and caseinates imports to Nigeria, with a combined 44% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +112.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Ukraine ($X) and Germany ($X) were the largest casein and caseinates suppliers to Nigeria, together accounting for 46% of total imports.

Among the main suppliers, Latvia, with a CAGR of +220.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, rising by 93% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 +98.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Ukraine ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+50.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for casein and caseinates in the world?

China remains the largest casein and caseinates consuming country worldwide, comprising approx. 18% of total volume. Moreover, casein and caseinates consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.2% share.

What are the largest producers of casein and caseinates in the world?

China remains the largest casein and caseinates producing country worldwide, accounting for 17% of total volume. Moreover, casein and caseinates production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by New Zealand, with a 6.3% share.

What are the leading suppliers of casein and caseinates to Nigeria?

In value terms, Ukraine, Germany and Poland constituted the largest casein and caseinates suppliers to Nigeria, together accounting for 88% of total imports.

What is the average export price for casein and caseinates in Nigeria?

In 2015, the average casein and caseinates export price amounted to $2,776 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for casein and caseinates in Nigeria?

The average casein and caseinates import price stood at $6,288 per ton in 2021, falling by -4.3% against the previous year.

This report provides an in-depth analysis of the casein and caseinates market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10515300 - Casein and caseinates

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023