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

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

The Peruvian casein glue and caseinates market rose remarkably to $X in 2022, surging by 12% against the previous year. Overall, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Peru

In value terms, casein glue and caseinates production soared to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 109% against the previous year. As a result, production reached 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 from Peru

After two years of growth, overseas shipments of casein glues and caseinates and other casein derivatives decreased by -29% to X tons in 2022. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 117% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports dropped to $X in 2022. In general, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 140% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) and Ecuador (X tons) were the main destinations of casein glue and caseinates exports from Peru.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of -3.5%).

In value terms, Colombia ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Peru, comprising 74% of total exports. The second position in the ranking was held by Ecuador ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled -7.9%.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, with an increase of 33% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Ecuador amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+5.7%), while the prices for the other major destinations experienced a decline.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Peru

Casein glue and caseinates imports into Peru fell dramatically to X tons in 2022, with a decrease of -22.8% against 2021 figures. Over the period under review, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by 100% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, casein glue and caseinates imports fell dramatically to $X in 2022. Overall, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 143% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

Germany (X tons), New Zealand (X tons) and Denmark (X tons) were the main suppliers of casein glue and caseinates imports to Peru, with a combined 61% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Peru, comprising 30% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+13.6% per year) and Denmark (+10.1% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, reducing by -8.5% against the previous year. In general, the import price saw a noticeable setback. The growth pace was the most rapid in 2021 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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