Costa Rica: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Costa Rica

In 2022, the Costa Rican casein glue and caseinates market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Costa Rica

After four years of decline, overseas shipments of casein glues and caseinates and other casein derivatives increased by X% to X tons in 2022. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports surged to $X in 2022. Over the period under review, exports recorded temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for casein glue and caseinates exports from Costa Rica, accounting for a X% share of total exports. Moreover, casein glue and caseinates exports to Guatemala exceeded the volume sent to the second major destination, Nicaragua (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Panama (X% per year).

In value terms, Guatemala ($X) remains the key foreign market for casein glues and caseinates and other casein derivatives exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Guatemala amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a perceptible slump. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced a decline.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Costa Rica

In 2022, purchases abroad of casein glues and caseinates and other casein derivatives increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, casein glue and caseinates imports soared to $X in 2022. In general, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of casein glue and caseinates to Costa Rica, with a X% share of total imports. Moreover, casein glue and caseinates imports from Guatemala exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Guatemala amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X), Guatemala ($X) and the Netherlands ($X) constituted the largest casein glue and caseinates suppliers to Costa Rica, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average casein glue and caseinates import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price enjoyed a measured increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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