SADC: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in SADC

The SADC casein and caseinates market was estimated at $X in 2022, surging by 5.7% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Casein And Caseinates Production in SADC

In value terms, casein and caseinates production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 28%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Casein And Caseinates Exports

Exports in SADC

In 2022, the amount of casein and caseinates exported in SADC dropped significantly to X tons, declining by -73.5% against 2021. Overall, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 105% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, casein and caseinates exports declined dramatically to $X in 2022. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 139% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) represented roughly 99% of total exports in 2022.

South Africa was also the fastest-growing in terms of the casein and caseinates exports, with a CAGR of -4.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest casein and caseinates supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -1.0%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by 71% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price 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, casein and caseinates export price increased by +106.2% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +3.5% per year.

Casein And Caseinates Imports

Imports in SADC

In 2022, overseas purchases of casein and caseinates increased by 3.7% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 35%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, casein and caseinates imports surged to $X in 2022. Over the period under review, imports posted a moderate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 60%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

South Africa dominates imports structure, recording X tons, which was near 94% of total imports in 2022. Zimbabwe (X tons) took a minor share of total imports.

South Africa was also the fastest-growing in terms of the casein and caseinates imports, with a CAGR of +2.6% from 2012 to 2022. At the same time, Zimbabwe (+2.5%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported casein and caseinates in SADC, comprising 98% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a 1.2% share of total imports.

In South Africa, casein and caseinates imports increased at an average annual rate of +4.5% over the period from 2012-2022.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, rising by 24% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +105.5% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Zimbabwe amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.8%).

Source: IndexBox Platform