Scandinavia: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Scandinavia

In 2022, the Scandinavia casein and caseinates market increased by 1.7% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a slight decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Casein And Caseinates Production in Scandinavia

In value terms, casein and caseinates production contracted to $X in 2022 estimated in export price. Overall, production showed a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 34% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports in Scandinavia

In 2022, approx. X tons of casein and caseinates were exported in Scandinavia; which is down by -54.3% against 2021 figures. In general, exports, however, saw notable growth. The pace of growth was the most pronounced in 2013 with an increase of 230% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, casein and caseinates exports declined remarkably to $X in 2022. Over the period under review, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2013 when exports increased by 129% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of casein and caseinates, mixing up 65% of total exports. It was distantly followed by Norway (X tons), committing a 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +15.3%).

In value terms, Sweden ($X) remains the largest casein and caseinates supplier in Scandinavia, comprising 33% of total exports. The second position in the ranking was taken by Norway ($X), with a 16% share of total exports.

In Sweden, casein and caseinates exports contracted by an average annual rate of -11.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by 63% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 118%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-11.7%).

Casein And Caseinates Imports

Imports in Scandinavia

In 2022, imports of casein and caseinates in Scandinavia rose markedly to X tons, surging by 11% compared with 2021. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 100%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, casein and caseinates imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 109%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden prevails in imports structure, reaching X tons, which was near 89% of total imports in 2022. It was distantly followed by Finland (X tons), creating an 8.3% share of total imports. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the casein and caseinates imports, with a CAGR of +22.0% from 2012 to 2022. At the same time, Finland (+6.6%) displayed positive paces of growth. By contrast, Norway (-17.8%) illustrated a downward trend over the same period. Sweden (+56 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -3.4% and -52.7% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported casein and caseinates in Scandinavia, comprising 85% of total imports. The second position in the ranking was taken by Finland ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +22.7%. In the other countries, the average annual rates were as follows: Finland (+7.4% per year) and Norway (-13.9% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, surging by 27% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform