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

Contents:

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

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

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $13,126 per ton in December 2022, which is down by -3.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 37% against the previous month. Over the period under review, average import prices attained the peak figure at $13,607 per ton in November 2022, and then fell modestly in the following month.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Germany ($13,609 per ton) and New Zealand ($13,330 per ton), while the price for China ($11,405 per ton) and the Netherlands ($13,104 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), 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 Vietnam (FOB) - 2022

The average export price for casein, caseinates and other casein derivatives; casein glueses stood at $14,424 per ton in 2022, picking up by 47% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +118.0% against 2019 indices. As a result, the export price reached 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 Cambodia.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +24.4% per year.

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

Imports of casein, caseinates and other casein derivatives; casein glueses into Vietnam skyrocketed to 3.2K tons in 2022, growing by 27% against the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.7% 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 +55.0% against 2020 indices. As a result, imports attained 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 $42M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (1338.0 tons)
2. New Zealand (583.8 tons)
3. Germany (393.9 tons)
4. India (285.8 tons)
5. Ireland (249.7 tons)
6. Poland (145.1 tons)
7. China (62.8 tons)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of casein, caseinates and other casein derivatives; casein glueses, when their volume increased by 5.4% to 3.5 tons. In general, exports, however, saw a dramatic decline.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses surged to $51K in 2022. Over the period under review, exports, however, continue to indicate a pronounced decline.

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

1. Cambodia (3.5 tons)

Source: IndexBox Market Intelligence Platform