Latin America and the Caribbean: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Latin America and the Caribbean

The Latin American casein and caseinates market was estimated at $X in 2022, surging by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Casein And Caseinates Production in Latin America and the Caribbean

In value terms, casein and caseinates production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Casein And Caseinates Exports

Exports in Latin America and the Caribbean

After two years of growth, overseas shipments of casein and caseinates decreased by X% to X tons in 2022. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, casein and caseinates exports surged to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) represented roughly X% of total exports in 2022.

Argentina experienced a relatively flat trend pattern with regard to volume of exports of casein and caseinates. From 2012 to 2022, the share of Argentina increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) also remains the largest casein and caseinates supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina amounted to X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a tangible expansion 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 and caseinates export price increased by X% against 2018 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 Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to X% per year.

Casein And Caseinates Imports

Imports in Latin America and the Caribbean

In 2022, the amount of casein and caseinates imported in Latin America and the Caribbean dropped to X tons, with a decrease of X% against 2021. In general, imports, however, recorded measured growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, casein and caseinates imports surged to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Mexico was the main importer of casein and caseinates in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Brazil (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by El Salvador (X%) and Colombia (X%).

From 2012 to 2022, average annual rates of growth with regard to casein and caseinates imports into Mexico stood at X%. At the same time, Colombia (X%), El Salvador (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. El Salvador (X p.p.), Colombia (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported casein and caseinates in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by El Salvador, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and El Salvador (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. 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 and caseinates import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Brazil ($X per ton) and Mexico ($X per ton), while Colombia ($X per ton) and El Salvador ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform