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

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

In 2022, the Uruguayan casein glue and caseinates market increased by 14% to $X, rising for the fifth consecutive year after three years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Uruguay

In value terms, casein glue and caseinates production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of 75% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Uruguay

In 2022, exports of casein glues and caseinates and other casein derivatives from Uruguay stood at X tons, remaining relatively unchanged against 2021. Overall, exports enjoyed a significant expansion. The smallest decline of -27% was in 2015. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, casein glue and caseinates exports amounted to $X in 2022. In general, exports recorded significant growth. The smallest decline of -47% was in 2015. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Argentina (X tons) was the main destination for casein glue and caseinates exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Argentina was relatively modest.

From 2014 to 2022, the average annual growth rate of value to Argentina was relatively modest.

Export Prices by Country

The average casein glue and caseinates export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2015 when the average export price decreased by -27.5%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2014 to 2022, the rate of growth in terms of prices for Argentina amounted to 0.0% per year.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Uruguay

For the third consecutive year, Uruguay recorded growth in overseas purchases of casein glues and caseinates and other casein derivatives, which increased by 40% to X tons in 2022. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 98%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, casein glue and caseinates imports soared to $X in 2022. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 172%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of casein glue and caseinates to Uruguay, accounting for a 72% share of total imports. Moreover, casein glue and caseinates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+805.7% per year) and Germany (-9.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Uruguay, comprising 65% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1,069.5% per year) and Germany (-4.3% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, growing by 14% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +73.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue 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 ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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