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

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

The Portuguese casein glue and caseinates market skyrocketed to $X in 2022, jumping by 105% against the previous year. Overall, consumption saw a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, casein glue and caseinates production rose rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 71% 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 Portugal

In 2022, after six years of growth, there was significant decline in shipments abroad of casein glues and caseinates and other casein derivatives, when their volume decreased by -47.4% to X tons. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,150%. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, casein glue and caseinates exports contracted notably to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 912% against the previous year. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Cameroon (X tons), Angola (X tons) and Cote d'Ivoire (X tons) were the main destinations of casein glue and caseinates exports from Portugal, together accounting for 81% of total exports. Congo, Benin, Central African Republic and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Central African Republic (with a CAGR of +484.8%), while the other leaders experienced more modest paces of growth.

In value terms, Cameroon ($X), Angola ($X) and Congo ($X) constituted the largest markets for casein glue and caseinates exported from Portugal worldwide, together accounting for 77% of total exports. Cote d'Ivoire, Benin, Democratic Republic of the Congo and Central African Republic lagged somewhat behind, together accounting for a further 13%.

Central African Republic, with a CAGR of +743.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, rising by 24% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Congo ($X per ton) and Cote d'Ivoire ($X per ton), while the average price for exports to Central African Republic ($X per ton) and Democratic Republic of the Congo ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (+44.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Portugal

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were imported into Portugal; which is down by -23.2% on the year before. Over the period under review, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 121%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, casein glue and caseinates imports fell remarkably to $X in 2022. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 198%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Switzerland (X tons) were the main suppliers of casein glue and caseinates imports to Portugal, with a combined 90% 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 Switzerland (with a CAGR of +362.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), the Netherlands ($X) and Switzerland ($X) appeared to be the largest casein glue and caseinates suppliers to Portugal, with a combined 88% share of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +360.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, with a decrease of -22% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +57.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 102% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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