Report Update Nov 1, 2024

Vietnam - Casein and Caseinates - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Vietnam

The Vietnamese casein and caseinates market shrank to $X in 2022, which is down by -2.7% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Casein And Caseinates Production in Vietnam

In value terms, casein and caseinates production shrank to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.3% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 86%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Casein And Caseinates Exports

Exports from Vietnam

In 2022, after two years of decline, there was significant growth in overseas shipments of casein and caseinates, when their volume increased by 52% to X tons. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 1,687% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, casein and caseinates exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,717%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for casein and caseinates exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +21.6%.

In value terms, China ($X) emerged as the key foreign market for casein and caseinates exports from Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +50.4%.

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, reducing by -7.1% against the previous year. Over the period under review, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 230% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +28.1% per year.

Casein And Caseinates Imports

Imports into Vietnam

Casein and caseinates imports into Vietnam declined remarkably to X tons in 2022, shrinking by -21.2% on the year before. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 116% against the previous year. Imports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, casein and caseinates imports contracted rapidly to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 128%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

India (X tons), the Netherlands (X tons) and Belarus (X tons) were the main suppliers of casein and caseinates imports to Vietnam, together comprising 56% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +52.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest casein and caseinates suppliers to Vietnam were India ($X), the Netherlands ($X) and Poland ($X), with a combined 53% share of total imports.

India, with a CAGR of +58.2%, 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

In 2022, the average casein and caseinates import price amounted to $X per ton, shrinking by -8.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 43% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for casein and caseinates in the world?

China constituted the country with the largest volume of casein and caseinates consumption, accounting for 18% of total volume. Moreover, casein and caseinates consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of casein and caseinates in the world?

China remains the largest casein and caseinates producing country worldwide, comprising approx. 17% of total volume. Moreover, casein and caseinates production in China exceeded the figures recorded by the second-largest producer, India, twofold. New Zealand ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of casein and caseinates to Vietnam?

In value terms, the Netherlands, Ukraine and New Zealand constituted the largest casein and caseinates suppliers to Vietnam, together comprising 56% of total imports. These countries were followed by Poland, Belarus, India and Ireland, which together accounted for a further 39%.

What are the leading importers of casein and caseinates from Vietnam?

In value terms, China remains the key foreign market for casein and caseinates exports from Vietnam.

What is the average export price for casein and caseinates in Vietnam?

The average casein and caseinates export price stood at $5,961 per ton in 2021, with a decrease of -24.4% against the previous year.

What is the average import price for casein and caseinates in Vietnam?

The average casein and caseinates import price stood at $6,482 per ton in 2021, dropping by -10.9% against the previous year.

This report provides an in-depth analysis of the casein and caseinates market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10515300 - Casein and caseinates

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023