Western Africa: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Western Africa

In 2022, the West African casein glue and caseinates market decreased by -0.2% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Western Africa

In value terms, casein glue and caseinates production rose to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in Western Africa

In 2022, exports of casein glues and caseinates and other casein derivatives in Western Africa expanded notably to X tons, increasing by 8.1% compared with the previous year. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,285%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports totaled $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 1,846% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X tons) and Cote d'Ivoire (X tons) prevails in exports structure, together achieving 95% of total exports. It was distantly followed by Togo (X tons), achieving a 5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +64.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of +76.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by -3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 93% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+8.1%), while the other leaders experienced more modest paces of growth.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in Western Africa

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were imported in Western Africa; reducing by -27.6% against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 34% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports declined notably to $X in 2022. Over the period under review, imports saw a slight slump. The pace of growth was the most pronounced in 2014 with an increase of 44%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of casein glue and caseinates imports in 2022 were Cote d'Ivoire (X tons), Ghana (X tons) and Nigeria (X tons), together amounting to 86% of total import. It was distantly followed by Togo (X tons), achieving a 7.8% share of total imports. Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +52.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Nigeria ($X) were the countries with the highest levels of imports in 2022, together accounting for 82% of total imports.

Cote d'Ivoire, with a CAGR of +39.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, increasing by 6% against the previous year. In general, the import price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2014 when the import price increased by 10%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Burkina Faso ($X per ton) and Togo ($X per ton), while Ghana ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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