Southern Asia: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Southern Asia

The South Asian casein and caseinates market rose modestly to $X in 2022, increasing by 2.1% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Casein And Caseinates Production in Southern Asia

In value terms, casein and caseinates production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Casein And Caseinates Exports

Exports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in shipments abroad of casein and caseinates, which increased by 30% to X tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 294%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein and caseinates exports skyrocketed to $X in 2022. Over the period under review, exports recorded measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 360%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) was the largest exporter of casein and caseinates in Southern Asia, constituting 100% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of casein and caseinates. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest casein and caseinates supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled +2.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by 30% against the previous year. Export price indicated a pronounced increase 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 +66.6% against 2017 indices. As a result, the export price reached 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 India.

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

Casein And Caseinates Imports

Imports in Southern Asia

In 2022, approx. X tons of casein and caseinates were imported in Southern Asia; jumping by 29% on the previous year. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 614% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, casein and caseinates imports soared to $X in 2022. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 601%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Pakistan (X tons) was the key importer of casein and caseinates, generating 61% of total imports. Sri Lanka (X tons) ranks second in terms of the total imports with a 28% share, followed by India (10%).

Pakistan was also the fastest-growing in terms of the casein and caseinates imports, with a CAGR of +19.2% from 2012 to 2022. At the same time, India (+17.5%) and Sri Lanka (+8.0%) displayed positive paces of growth. While the share of Pakistan (+22 p.p.) and India (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-19.7 p.p.) displayed negative dynamics.

In value terms, the largest casein and caseinates importing markets in Southern Asia were Sri Lanka ($X), Pakistan ($X) and India ($X), together accounting for 100% of total imports.

Among the main importing countries, Pakistan, with a CAGR of +26.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2014 an increase of 32%. The level of import peaked at $X per ton in 2015; however, from 2016 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 Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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