Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia - 2023

Contents:

1. Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia (FOB) - 2023
2. Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia (CIF) - 2022
3. Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia
4. Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia

Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia (FOB) - 2023

The average export price for casein, caseinates and other casein derivatives; casein glueses stood at $2,883 per ton in October 2023, rising by 11% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 60% against the previous month. As a result, the export price reached the peak level of $3,359 per ton. From February 2023 to October 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Ethiopia ($4,240 per ton), while the average price for exports to Poland ($1,557 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia (CIF) - 2022

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $6,602 per ton in 2022, with an increase of 31% against the previous year. Overall, the import price, however, showed a mild reduction. The import price peaked at $8,671 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belarus ($11,579 per ton), while the price for Germany ($3,978 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia

After three years of growth, shipments abroad of casein, caseinates and other casein derivatives; casein glueses decreased by -10.9% to 5K tons in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 28%.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses expanded markedly to $13M in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 39% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Casein, Caseinates and Other Casein Derivatives; Casein Glues from Latvia in 2022:

1. Germany (4191.4 tons)
2. Nigeria (376.0 tons)
3. Ethiopia (252.0 tons)
4. Poland (109.2 tons)

Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Latvia

After three years of growth, overseas purchases of casein, caseinates and other casein derivatives; casein glueses decreased by -36.6% to 694 tons in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 90% against the previous year.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses fell sharply to $4.6M in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 74% against the previous year.

Top Suppliers of Casein, Caseinates and Other Casein Derivatives; Casein Glues to Latvia in 2022:

1. Germany (427.3 tons)
2. Ukraine (200.6 tons)
3. Belarus (59.6 tons)

Source: IndexBox Market Intelligence Platform