Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines - 2023
Contents:
- Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines (CIF) - 2023
- Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines (FOB) - 2022
- Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines
- Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines
Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines (CIF) - 2023
The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $9,885 per ton in September 2023, with a decrease of -21.6% against the previous month. Overall, the import price saw a mild reduction. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 32% against the previous month. Over the period under review, average import prices hit record highs at $14,285 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($15,292 per ton), while the price for the Netherlands ($3,687 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines (FOB) - 2022
The average export price for casein, caseinates and other casein derivatives; casein glueses stood at $30,040 per ton in 2022, growing by 512% against the previous year. Overall, the export price showed buoyant growth. 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 Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +9.0% per year.
Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines
In 2022, approx. 4.8K tons of casein, caseinates and other casein derivatives; casein glueses were imported into the Philippines; which is down by -3.8% on the previous year's figure. Over the period under review, imports faced a abrupt slump.
In value terms, imports of casein, caseinates and other casein derivatives; casein glueses surged to $56M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 6.1 | 11.0 | 9.7 | 15.0 | 35.0% |
| New Zealand | 17.3 | 12.8 | 14.7 | 13.7 | -7.5% |
| India | 0.3 | 0.2 | 6.0 | 12.2 | 243.9% |
| Germany | 2.0 | 2.0 | 2.2 | 5.7 | 41.8% |
| Ireland | 3.2 | 5.9 | 4.8 | 4.7 | 13.7% |
| France | 7.6 | 2.1 | 1.6 | 3.2 | -25.0% |
| Netherlands | 1.2 | 2.2 | 2.1 | 1.2 | 0.0% |
| United States | 1.7 | 0.8 | N/A | N/A | -52.9% |
| Others | 2.0 | 1.8 | 2.1 | 0.6 | -33.1% |
| Total | 41.4 | 38.8 | 43.3 | 56.4 | 10.9% |
Top Suppliers of Casein, Caseinates and Other Casein Derivatives; Casein Glues to the Philippines in 2022:
- New Zealand (1224.2 tons)
- Denmark (1162.7 tons)
- India (1114.0 tons)
- Ireland (500.0 tons)
- Germany (388.8 tons)
- Netherlands (208.5 tons)
- France (186.2 tons)
Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines
In 2022, the amount of casein, caseinates and other casein derivatives; casein glueses exported from the Philippines surged to 300 kg, with an increase of 44% compared with 2021 figures. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 2,222%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of casein, caseinates and other casein derivatives; casein glueses soared to $9K in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 2,673%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Casein, Caseinates and Other Casein Derivatives; Casein Glues in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Malaysia | N/A | N/A | 9.0 | 0% | |
| Thailand | N/A | 0.9 | N/A | 0% | |
| Others | N/A | 0.1 | N/A | 0% | |
| Total | N/A | 1.0 | 9.0 | 800.0% | |
Top Export Markets for Casein, Caseinates and Other Casein Derivatives; Casein Glues from the Philippines in 2022:
- Malaysia (300.0 kg)
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