Philippines: Casein And Caseinates Market 2025

Casein And Caseinates Market Size in the Philippines

After two years of growth, the Philippine casein and caseinates market decreased by -4.4% to $X in 2022. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Casein and caseinates consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Casein And Caseinates Production in the Philippines

In value terms, casein and caseinates production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24% against the previous year. Casein and caseinates production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Casein And Caseinates Exports

Exports from the Philippines

In 2022, casein and caseinates exports from the Philippines totaled X kg, approximately equating the previous year's figure. Over the period under review, exports saw a deep downturn. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein and caseinates exports stood at $X in 2022. In general, exports continue to indicate a abrupt slump. The smallest decline of 99.9% was in 2021. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at -16.4%.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled -6.1%.

Export Prices by Country

In 2022, the average casein and caseinates export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +12.3% per year.

Casein And Caseinates Imports

Imports into the Philippines

In 2022, approx. X tons of casein and caseinates were imported into the Philippines; declining by -11.9% against 2021 figures. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 175%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, casein and caseinates imports expanded sharply to $X in 2022. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 106%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons), India (X tons) and Ireland (X tons) were the main suppliers of casein and caseinates imports to the Philippines, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +53.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest casein and caseinates suppliers to the Philippines were New Zealand ($X), India ($X) and Ireland ($X), with a combined 93% share of total imports.

India, with a CAGR of +59.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, increasing by 30% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 +95.4% against 2016 indices. As a result, import price attained 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 ($X per ton), while the price for the Netherlands ($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 (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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