Spain: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Spain

The Spanish casein glue and caseinates market skyrocketed to $X in 2022, jumping by 48% against the previous year. Overall, consumption saw a buoyant expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Spain

In value terms, casein glue and caseinates production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 756%. Casein glue and caseinates production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Spain

In 2022, exports of casein glues and caseinates and other casein derivatives from Spain contracted markedly to X tons, with a decrease of -42.8% against 2021 figures. In general, exports showed a mild contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 113%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, casein glue and caseinates exports contracted dramatically to $X in 2022. Over the period under review, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main destinations of casein glue and caseinates exports from Spain, together accounting for 94% 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 Italy (with a CAGR of +75.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for casein glue and caseinates exported from Spain were France ($X), Portugal ($X) and Italy ($X), with a combined 91% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +78.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, with an increase of 36% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein glue and caseinates export price increased by +32.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 70% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Italy ($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 Portugal (+8.1%), 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 Spain

In 2022, imports of casein glues and caseinates and other casein derivatives into Spain declined to X tons, falling by -6.2% compared with 2021. Overall, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, casein glue and caseinates imports soared to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Denmark (X tons) and New Zealand (X tons) were the main suppliers of casein glue and caseinates imports to Spain, with a combined 64% share of total imports. France, Germany, Ireland, Greece and Italy lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +5.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest casein glue and caseinates suppliers to Spain were Denmark ($X), the Netherlands ($X) and New Zealand ($X), together comprising 66% of total imports.

Among the main suppliers, Denmark, with a CAGR of +7.5%, saw the highest rates of growth with regard to 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

The average casein glue and caseinates import price stood at $X per ton in 2022, surging by 42% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein glue and caseinates import price increased by +89.0% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Italy ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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