South Africa: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in South Africa

The South African casein glue and caseinates market reached $X in 2022, approximately equating the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.0% against 2020 indices. 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.

Production of Casein Glues And Caseinates And Other Casein Derivatives in South Africa

In value terms, casein glue and caseinates production totaled $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.7% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. Casein glue and caseinates production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from South Africa

In 2022, shipments abroad of casein glues and caseinates and other casein derivatives was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a abrupt descent. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lesotho (X tons), Angola (X tons) and Namibia (X tons) were the main destinations of casein glue and caseinates exports from South Africa, with a combined 70% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +48.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) emerged as the key foreign market for casein glues and caseinates and other casein derivatives exports from South Africa, comprising 31% of total exports. The second position in the ranking was taken by Namibia ($X), with a 15% share of total exports. It was followed by Zimbabwe, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola totaled +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+19.8% per year) and Zimbabwe (-19.5% per year).

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, with an increase of 1.7% against the previous year. In general, the export price, however, saw a deep setback. The growth pace was the most rapid in 2021 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Lesotho ($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 Zambia (+2.4%), 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 South Africa

For the third consecutive year, South Africa recorded growth in purchases abroad of casein glues and caseinates and other casein derivatives, which increased by 10% to X tons in 2022. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2020 with an increase of 106% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, casein glue and caseinates imports surged to $X in 2022. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 115%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of casein glue and caseinates to South Africa, with a 45% share of total imports. Moreover, casein glue and caseinates imports from Denmark exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Ireland (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to +1,145.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+50.2% per year) and Ireland (+24.4% per year).

In value terms, Denmark ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to South Africa, comprising 49% of total imports. The second position in the ranking was taken by Ireland ($X), with a 19% share of total imports. It was followed by New Zealand, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Denmark amounted to +1,167.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+28.7% per year) and New Zealand (+41.4% per year).

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, increasing by 20% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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