Northern America: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Northern America

The North American casein glue and caseinates market skyrocketed to $X in 2022, increasing by 26% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value 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, consumption increased by +95.0% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Northern America

In value terms, casein glue and caseinates production rose remarkably to $X in 2022 estimated in export price. Overall, production posted a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 58%. As a result, production attained 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 Northern America

In 2022, shipments abroad of casein glues and caseinates and other casein derivatives increased by 17% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, exports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports soared to $X in 2022. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

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

Exports from the United States decreased at an average annual rate of -4.5% from 2012 to 2022. At the same time, Canada (+11.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +11.0% from 2012-2022. From 2012 to 2022, the share of Canada increased by +1.6 percentage points.

In value terms, the United States ($X) remains the largest casein glue and caseinates supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, increasing by 24% against the previous year. Over the last decade, it increased at an average annual rate of +5.3%. The pace of growth appeared the most rapid in 2013 an increase of 35%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.4%).

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in Northern America

In 2022, supplies from abroad of casein glues and caseinates and other casein derivatives increased by 8.1% to X tons, rising for the fourth year in a row after six years of decline. Overall, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 9.6%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, casein glue and caseinates imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was near 94% of total imports in 2022. It was distantly followed by Canada (X tons), making up a 5.9% share of total imports.

The United States was also the fastest-growing in terms of the casein glues and caseinates and other casein derivatives imports, with a CAGR of -4.1% from 2012 to 2022. Canada (-12.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +7.7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported casein glues and caseinates and other casein derivatives in Northern America, comprising 95% of total imports. The second position in the ranking was taken by Canada ($X), with a 5.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +1.3%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, rising by 24% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 +67.8% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 29% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, 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 (+5.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :