Uruguay: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Uruguay

In 2022, the Uruguayan casein and caseinates market decreased by -5.5% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Casein and caseinates consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Casein And Caseinates Production in Uruguay

In value terms, casein and caseinates production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by 69%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Casein And Caseinates Exports

Exports from Uruguay

In 2022, shipments abroad of casein and caseinates increased by 8.6% to X tons for the first time since 2015, thus ending a six-year declining trend. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 145% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, casein and caseinates exports expanded significantly to $X in 2022. Overall, exports, however, recorded a sharp slump. The pace of growth appeared the most rapid in 2015 with an increase of 135% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for casein and caseinates exports from Uruguay, accounting for a 72% share of total exports. Moreover, casein and caseinates exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-21.3% per year) and Brazil (-46.7% per year).

In value terms, the largest markets for casein and caseinates exported from Uruguay were the United States ($X), Mexico ($X) and Brazil ($X), together accounting for 96% of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of -15.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2020 when the average export price increased by 3.8% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($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 Mexico (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Casein And Caseinates Imports

Imports into Uruguay

In 2022, purchases abroad of casein and caseinates decreased by -47.3% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 89%. Imports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, casein and caseinates imports contracted remarkably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 106%. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest casein and caseinates supplier to Uruguay, with a 74% share of total imports. Moreover, casein and caseinates imports from France exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-34.2% per year) and Poland (-2.0% per year).

In value terms, France ($X) constituted the largest supplier of casein and caseinates to Uruguay, comprising 68% of total imports. The second position in the ranking was taken by Argentina ($X), with a 29% share of total imports. It was followed by Poland, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-19.7% per year) and Poland (+4.7% per year).

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, with an increase of 20% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 26%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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