Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in the United States - 2023

Contents:

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

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

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $8,242 per ton in December 2023, dropping by -3% against the previous month. Overall, import price indicated a moderate increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for casein, caseinates and other casein derivatives; casein glueses decreased by -15.4% against September 2023 indices. The pace of growth was the most pronounced in February 2023 an increase of 41% m-o-m. The import price peaked at $10,460 per ton in March 2023; however, from April 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($106K per ton), while the price for France ($5,897 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for casein, caseinates and other casein derivatives; casein glueses stood at $11,622 per ton in 2022, with an increase of 24% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for casein, caseinates and other casein derivatives; casein glueses increased by +66.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($13,683 per ton) and South Korea ($12,889 per ton), while the average price for exports to Costa Rica ($9,175 per ton) and Canada ($10,479 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in the United States

In 2022, approx. 105K tons of casein, caseinates and other casein derivatives; casein glueses were imported into the United States; with an increase of 40% compared with 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 +57.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses skyrocketed to $887M in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Casein, Caseinates and Other Casein Derivatives; Casein Glues to the United States in 2022:

1. Ireland (35.0K tons)
2. New Zealand (27.0K tons)
3. France (9.8K tons)
4. Netherlands (8.1K tons)
5. Argentina (5.7K tons)
6. Denmark (5.5K tons)
7. India (4.8K tons)
8. Poland (4.1K tons)

Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in the United States

For the fourth consecutive year, the United States recorded growth in overseas shipments of casein, caseinates and other casein derivatives; casein glueses, which increased by 18% to 4.6K tons in 2022. The total export volume increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses soared to $53M in 2022. In general, exports continue to indicate 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 the United States in 2022:

1. Canada (1576.5 tons)
2. South Korea (1147.1 tons)
3. Netherlands (600.7 tons)
4. Costa Rica (262.1 tons)
5. Germany (202.8 tons)
6. Mexico (199.9 tons)
7. China (145.4 tons)
8. Australia (27.0 tons)

Source: IndexBox Market Intelligence Platform