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

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

In 2022, the Swedish casein glue and caseinates market increased by 28% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Casein glue and caseinates consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Sweden

In 2022, shipments abroad of casein glues and caseinates and other casein derivatives increased by 66% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2015 when exports increased by 823%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein glue and caseinates exports skyrocketed to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 507% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) was the main destination for casein glue and caseinates exports from Sweden, accounting for a 47% share of total exports. Moreover, casein glue and caseinates exports to Denmark exceeded the volume sent to the second major destination, Canada (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+38.8% per year) and Turkey (+10.0% per year).

In value terms, Denmark ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Sweden, comprising 53% of total exports. The second position in the ranking was taken by Canada ($X), with a 10% share of total exports. It was followed by Spain, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Denmark stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+48.9% per year) and Spain (+38.0% per year).

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, increasing by 5.7% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 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 Finland ($X per ton), while the average price for exports to Canada ($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 Denmark (+18.1%), 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 Sweden

In 2022, overseas purchases of casein glues and caseinates and other casein derivatives increased by 1.6% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 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 continue to indicate a slight expansion. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of casein glue and caseinates imports to Sweden, together accounting for 71% of total imports. Lithuania, Ireland and France lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +41.4%), while imports for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Germany ($X) and Lithuania ($X) appeared to be the largest casein glue and caseinates suppliers to Sweden, with a combined 77% share of total imports. Denmark, Ireland and France lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, France, with a CAGR of +39.7%, recorded 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

In 2022, the average casein glue and caseinates import price amounted to $X per ton, growing by 38% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 +98.2% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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