Hungary: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Hungary

The Hungarian casein glue and caseinates market soared to $X in 2022, rising by X% against the previous year. In general, consumption recorded a mild increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Hungary

In value terms, casein glue and caseinates production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Casein glue and caseinates production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Hungary

In 2022, approx. X tons of casein glues and caseinates and other casein derivatives were exported from Hungary; with a decrease of X% on the previous year's figure. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports reduced markedly to $X in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Romania (X tons) and Serbia (X tons) were the main destinations of casein glue and caseinates exports from Hungary, together comprising X% of total exports. Denmark, Bulgaria, Croatia, Poland, Italy, Spain, the Czech Republic, North Macedonia and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and Serbia ($X) were the largest markets for casein glue and caseinates exported from Hungary worldwide, with a combined X% share of total exports. Denmark, Croatia, Bulgaria, Italy, Poland, North Macedonia, the Czech Republic, Spain and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, North Macedonia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Spain ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports into Hungary

In 2022, after two years of growth, there was significant decline in supplies from abroad of casein glues and caseinates and other casein derivatives, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, casein glue and caseinates imports rose markedly to $X in 2022. Over the period under review, imports, however, posted a strong expansion. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest casein glue and caseinates supplier to Hungary, with a X% share of total imports. Moreover, casein glue and caseinates imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) constituted the largest supplier of casein glues and caseinates and other casein derivatives to Hungary, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average casein glue and caseinates import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein glue and caseinates import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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