United Kingdom: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in the UK

The UK casein glue and caseinates market reached $X in 2022, picking up by 6.5% against the previous year. Over the period under review, consumption enjoyed prominent growth. Casein glue and caseinates consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Casein Glues And Caseinates And Other Casein Derivatives in the UK

In value terms, casein glue and caseinates production rose rapidly to $X in 2022 estimated in export price. In general, production saw resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 145% against the previous year. Casein glue and caseinates production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from the UK

In 2022, overseas shipments of casein glues and caseinates and other casein derivatives were finally on the rise to reach X tons after five years of decline. In general, exports, however, recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of 105% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports surged to $X in 2022. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 143%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Turkey (X tons) and Germany (X tons) were the main destinations of casein glue and caseinates exports from the UK, together comprising 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +65.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Turkey ($X) appeared to be the largest markets for casein glue and caseinates exported from the UK worldwide, together accounting for 61% of total exports.

The Netherlands, with a CAGR of +56.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, surging by 41% against the previous year. Overall, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 335%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($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 Vietnam (+38.3%), 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 UK

For the third year in a row, the UK recorded decline in supplies from abroad of casein glues and caseinates and other casein derivatives, which decreased by -21.7% to X tons in 2022. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports reached $X in 2022. Over the period under review, imports showed a slight curtailment. The growth pace was the most rapid in 2019 with an increase of 19%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of casein glue and caseinates imports to the UK, with a combined 79% share of total imports. Ireland, Ukraine, Latvia, the United States and Denmark lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Ireland ($X) appeared to be the largest casein glue and caseinates suppliers to the UK, with a combined 79% share of total imports. The Netherlands, Ukraine, the United States, Latvia and Denmark lagged somewhat behind, together accounting for a further 20%.

The United States, with a CAGR of +18.4%, saw the highest growth rate of 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 32% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price 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, casein glue and caseinates import price increased by +61.8% against 2020 indices. As a result, import price reached 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 Ireland ($X per ton), while the price for Latvia ($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 (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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