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

Contents:

1. Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Morocco (CIF) - 2023
2. Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Morocco

Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Morocco (CIF) - 2023

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $11,217 per ton in June 2023, reducing by -15% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 16% month-to-month. Over the period under review, average import prices reached the peak figure at $13,755 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,274 per ton), while the price for Spain ($9,956 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of casein, caseinates and other casein derivatives; casein glueses imported into Morocco reached 3.3K tons, approximately reflecting 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses surged to $36M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. Ireland (1657.3 tons)
2. France (1109.4 tons)
3. Germany (381.3 tons)
4. Spain (113.2 tons)

Source: IndexBox Market Intelligence Platform