Russian Federation: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in the Russian Federation

The Russian casein glue and caseinates market shrank modestly to $X in 2022, reducing by -4.9% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +7.1% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in the Russian Federation

In value terms, casein glue and caseinates production fell to $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from the Russian Federation

In 2021, the amount of casein glues and caseinates and other casein derivatives exported from Russia fell to X tons, with a decrease of -14.2% on 2020. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 954% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, casein glue and caseinates exports reached $X in 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 669%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X tons) was the main destination for casein glue and caseinates exports from Russia, accounting for a 73% share of total exports. Moreover, casein glue and caseinates exports to Belarus exceeded the volume sent to the second major destination, Armenia (X tons), sixfold. Ukraine (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus totaled +84.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+104.6% per year) and Ukraine (-8.9% per year).

In value terms, Belarus ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Russia, comprising 79% of total exports. The second position in the ranking was held by Armenia ($X), with a 7.4% share of total exports. It was followed by Ukraine, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus stood at +86.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+68.7% per year) and Ukraine (-9.1% per year).

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2021, picking up by 25% against the previous year. Overall, the export price, however, saw a pronounced downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into the Russian Federation

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were imported into Russia; rising by 78% against the previous year. In general, imports, however, continue to indicate a noticeable descent. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, casein glue and caseinates imports skyrocketed to $X in 2022. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 60% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons) and France (X tons) were the main suppliers of casein glue and caseinates imports to Russia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +17.1%).

In value terms, the largest casein glue and caseinates suppliers to Russia were France ($X) and Germany ($X).

France, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, waning by -34.1% against the previous year. In general, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 57%. The import price peaked at $X per ton in 2021, and then shrank dramatically in the following year.

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 France ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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