U.S.: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in the U.S.

The U.S. casein glue and caseinates market skyrocketed to $X in 2022, growing by 27% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +96.1% against 2016 indices. Casein glue and caseinates consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Casein Glues And Caseinates And Other Casein Derivatives in the U.S.

In value terms, casein glue and caseinates production expanded significantly to $X in 2022. In general, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 58%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from the U.S.

In 2022, overseas shipments of casein glues and caseinates and other casein derivatives increased by 16% to X tons, rising for the third year in a row after four years of decline. Overall, exports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 32%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons) was the main destination for casein glue and caseinates exports from the United States, accounting for a 47% share of total exports. Moreover, casein glue and caseinates exports to Canada exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+36.8% per year) and South Korea (+104.8% per year).

In value terms, the largest markets for casein glue and caseinates exported from the United States were Canada ($X), the Netherlands ($X) and South Korea ($X), together accounting for 87% of total exports.

South Korea, with a CAGR of +115.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, jumping by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2013 an increase of 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada ($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 the Netherlands (+5.5%), 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 the U.S.

In 2022, overseas purchases of casein glues and caseinates and other casein derivatives increased by 8.5% to X tons, rising for the fourth year in a row after six years of decline. Over the period under review, imports, however, showed a noticeable shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, casein glue and caseinates imports soared to $X in 2022. In general, total imports indicated slight growth 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, imports increased by +112.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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 the United States, together comprising 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +9.7%), while purchases for the other leaders experienced a decline.

In value terms, the Netherlands ($X), New Zealand ($X) and Denmark ($X) appeared to be the largest casein glue and caseinates suppliers to the United States, together comprising 76% of total imports. Poland, Germany and France lagged somewhat behind, together accounting for a further 24%.

Poland, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, surging by 25% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +69.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per ton) and New Zealand ($X per ton), while the price for the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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