Northern America: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Northern America

In 2022, the North American casein and caseinates market increased by 39% to $X, rising for the third consecutive year after four years of decline. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +78.9% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Casein And Caseinates Production in Northern America

In value terms, casein and caseinates production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports in Northern America

In 2022, shipments abroad of casein and caseinates decreased by -17.1% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 110% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, casein and caseinates exports skyrocketed to $X in 2022. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 105%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the United States (X tons), distantly followed by Canada (X tons) represented the main exporters of casein and caseinates, together constituting 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +191.3%).

In value terms, the United States ($X) remains the largest casein and caseinates supplier in Northern America, comprising 87% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports.

In the United States, casein and caseinates exports increased at an average annual rate of +6.5% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, growing by 51% against the previous year. Overall, the export price, however, recorded a mild decline. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%).

Casein And Caseinates Imports

Imports in Northern America

In 2022, the amount of casein and caseinates imported in Northern America skyrocketed to X tons, increasing by 50% against the previous year. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, casein and caseinates imports skyrocketed to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.8% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, accounting for X tons, which was approx. 98% of total imports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the casein and caseinates imports, with a CAGR of +2.8% from 2012 to 2022. Canada (-10.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +4.9 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported casein and caseinates in Northern America, comprising 97% of total imports. The second position in the ranking was taken by Canada ($X), with a 2.7% share of total imports.

In the United States, casein and caseinates imports increased at an average annual rate of +3.3% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, reducing by -3.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.9%).

Source: IndexBox Platform

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