Spain: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Spain

In 2022, the Spanish casein and caseinates market increased by 7.1% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Casein And Caseinates Production in Spain

In value terms, casein and caseinates production fell notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw strong growth. The pace of growth was the most pronounced in 2014 with an increase of 205%. Casein and caseinates production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Casein And Caseinates Exports

Exports from Spain

In 2022, the amount of casein and caseinates exported from Spain skyrocketed to X tons, increasing by 66% on 2021 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 152%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, casein and caseinates exports surged to $X in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2016 with an increase of 316% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia (X tons), Bulgaria (X tons) and Morocco (X tons) were the main destinations of casein and caseinates exports from Spain, with a combined 87% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +986.7%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for casein and caseinates exports from Spain, comprising 71% of total exports. The second position in the ranking was held by Morocco ($X), with an 18% share of total exports. It was followed by Bulgaria, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +1,103.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+87.0% per year) and Bulgaria (0.0% per year).

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, falling by -22.2% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 129%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Bulgaria ($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 the UK (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Casein And Caseinates Imports

Imports into Spain

In 2022, the amount of casein and caseinates imported into Spain skyrocketed to X tons, rising by 28% compared with the year before. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, casein and caseinates imports soared to $X in 2022. Over the period under review, imports continue to indicate a moderate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of casein and caseinates to Spain, accounting for a 62% share of total imports. Moreover, casein and caseinates imports from Ireland exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Bulgaria (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.8% per year) and Bulgaria (0.0% per year).

In value terms, Ireland ($X) constituted the largest supplier of casein and caseinates to Spain, comprising 71% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from Ireland stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.5% per year) and the Netherlands (-12.9% per year).

Import Prices by Country

In 2022, the average casein and caseinates import price amounted to $X per ton, picking up by 13% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +70.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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