Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Nigeria - 2022

Contents:

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

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

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $4,210 per ton in June 2022, shrinking by -63.4% against the previous month. Over the period under review, the import price, however, showed a slight expansion. The growth pace was the most rapid in March 2022 when the average import price increased by 311% m-o-m. As a result, import price reached the peak level of $13,944 per ton. From April 2022 to June 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Latvia.

From June 2021 to June 2022, the rate of growth in terms of prices for Ukraine amounted to +9.6% per month.

Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Nigeria (FOB) - 2022

In 2022, the average export price for casein, caseinates and other casein derivatives; casein glueses amounted to $5,847 per ton, growing by 3,941% against the previous year. In general, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to +22.3% per year.

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

In 2022, approx. 663 tons of casein, caseinates and other casein derivatives; casein glueses were imported into Nigeria; rising by 16% compared with 2021. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses soared to $3.7M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years.

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

1. Latvia (352.1 tons)
2. Germany (203.4 tons)
3. Belgium (58.5 tons)
4. Ukraine (26.0 tons)
5. China (22.9 tons)

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

In 2022, the amount of casein, caseinates and other casein derivatives; casein glueses exported from Nigeria surged to 9.7 tons, jumping by 625% against the previous year's figure. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 8,281%.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses surged to $57K in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Ghana (9.7 tons)

Source: IndexBox Market Intelligence Platform