Sri Lanka: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Sri Lanka

The Sri Lankan casein glue and caseinates market rose notably to $X in 2022, increasing by 11% against the previous year. Over the period under review, consumption recorded prominent growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Sri Lanka

In value terms, casein glue and caseinates production rose notably to $X in 2022 estimated in export price. Over the period under review, production posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 147%. Over the period under review, production attained the peak level 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 Sri Lanka

In 2022, shipments abroad of casein glues and caseinates and other casein derivatives decreased by -97.2% to X kg, falling for the fifth year in a row after six years of growth. In general, exports faced a dramatic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 58% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, casein glue and caseinates exports reduced sharply to $X in 2022. Over the period under review, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 190%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X kg) was the main destination for casein glue and caseinates exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Switzerland was relatively modest.

In value terms, Switzerland ($X) emerged as the key foreign market for casein glues and caseinates and other casein derivatives exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Switzerland was relatively modest.

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, falling by -95.9% against the previous year. In general, the export price showed a mild setback. The most prominent rate of growth was recorded in 2018 an increase of 133% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +13.5% per year.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Sri Lanka

In 2022, overseas purchases of casein glues and caseinates and other casein derivatives increased by 16% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by 303% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, casein glue and caseinates imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 234% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), France (X tons) and Poland (X tons) were the main suppliers of casein glue and caseinates imports to Sri Lanka, together comprising 84% of total imports. China, the Netherlands and South Korea lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +62.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest casein glue and caseinates suppliers to Sri Lanka were France ($X), Poland ($X) and India ($X), with a combined 90% share of total imports. South Korea, the Netherlands and China lagged somewhat behind, together accounting for a further 9.2%.

China, with a CAGR of +85.9%, saw the highest growth rate of the value of imports, among the main suppliers 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, increasing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 18%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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