South Africa: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in South Africa

The South African casein and caseinates market rose sharply to $X in 2022, with an increase of 9.9% against the previous year. Overall, consumption recorded a modest expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Casein And Caseinates Production in South Africa

In value terms, casein and caseinates production rose slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from South Africa

In 2022, approx. X tons of casein and caseinates were exported from South Africa; with a decrease of -73.7% on the year before. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 108% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein and caseinates exports dropped dramatically to $X in 2022. Over the period under review, exports saw a mild decline. The growth pace was the most rapid in 2013 with an increase of 146%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for casein and caseinates exports from South Africa, with a 78% share of total exports. Moreover, casein and caseinates exports to Zimbabwe exceeded the volume sent to the second major destination, Mozambique (X tons), sevenfold. The third position in this ranking was taken by Japan (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe amounted to +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+33.4% per year) and Japan (-7.2% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for casein and caseinates exports from South Africa, comprising 70% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by Mozambique, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe amounted to +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.7% per year) and Mozambique (+35.5% per year).

Export Prices by Country

In 2022, the average casein and caseinates export price amounted to $X per ton, with an increase of 71% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +109.6% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Casein And Caseinates Imports

Imports into South Africa

In 2022, the amount of casein and caseinates imported into South Africa rose notably to X tons, with an increase of 11% compared with 2021 figures. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, casein and caseinates imports surged to $X in 2022. Overall, imports recorded a temperate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 60%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons), France (X tons) and Ireland (X tons) were the main suppliers of casein and caseinates imports to South Africa, together comprising 84% of total imports. The Netherlands and Belarus lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest casein and caseinates suppliers to South Africa were New Zealand ($X), France ($X) and Ireland ($X), with a combined 81% share of total imports. The Netherlands and Belarus lagged somewhat behind, together comprising a further 17%.

The Netherlands, with a CAGR of +23.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 and caseinates import price amounted to $X per ton, growing by 20% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and New Zealand ($X per ton), while the price for Ireland ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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