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

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

The Latvian casein glue and caseinates market reduced modestly to $X in 2022, flattening at the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Casein glue and caseinates consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

In value terms, casein glue and caseinates production fell to $X in 2022 estimated in export price. Overall, production recorded a sharp decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports from Latvia

In 2022, exports of casein glues and caseinates and other casein derivatives from Latvia dropped notably to X tons, with a decrease of X% on the year before. In general, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, casein glue and caseinates exports declined dramatically to $X in 2022. Over the period under review, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for casein glue and caseinates exports from Latvia, with a X% share of total exports. Moreover, casein glue and caseinates exports to Brazil exceeded the volume sent to the second major destination, Lithuania (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to X%.

In value terms, Brazil ($X) emerged as the key foreign market for casein glues and caseinates and other casein derivatives exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at X%.

Export Prices by Country

In 2022, the average casein glue and caseinates export price amounted to $X per ton, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then contracted slightly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (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 Latvia

In 2022, after four years of growth, there was significant decline in overseas purchases of casein glues and caseinates and other casein derivatives, when their volume decreased by X% to X tons. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, casein glue and caseinates imports shrank significantly to $X in 2022. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Lithuania (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Hungary (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. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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