Pakistan: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Pakistan

For the third consecutive year, the Pakistani casein glue and caseinates market recorded growth in sales value, which increased by 123% to $X in 2022. Over the period under review, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Pakistan

In 2022, overseas shipments of casein glues and caseinates and other casein derivatives increased by 80% to X tons, rising for the second year in a row after five years of decline. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 712% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, casein glue and caseinates exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,475% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Afghanistan (X tons) was the main destination for casein glue and caseinates exports from Pakistan, accounting for a 83% share of total exports. Moreover, casein glue and caseinates exports to Afghanistan exceeded the volume sent to the second major destination, South Africa (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan stood at +45.7%.

In value terms, Afghanistan ($X) emerged as the key foreign market for casein glues and caseinates and other casein derivatives exports from Pakistan, comprising 91% of total exports. The second position in the ranking was taken by South Africa ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan stood at +33.9%.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, falling by -70.5% against the previous year. Overall, the export price saw a deep downturn. The pace of growth was the most pronounced in 2021 an increase of 94% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+99.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Pakistan

For the third year in a row, Pakistan recorded growth in supplies from abroad of casein glues and caseinates and other casein derivatives, which increased by 62% to X tons in 2022. Over the period under review, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 190%. Over the period under review, imports attained the peak figure 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 soared to $X in 2022. Overall, imports, however, saw a pronounced reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of casein glue and caseinates to Pakistan, accounting for a 57% share of total imports. Moreover, casein glue and caseinates imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-9.4% per year) and China (-7.3% per year).

In value terms, Germany ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Pakistan, comprising 76% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.8% per year) and the Netherlands (-5.9% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, picking up by 54% against the previous year. Over the period under review, the import price posted buoyant growth. 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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