Singapore: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Singapore

The Singaporean casein and caseinates market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Casein And Caseinates Production in Singapore

In value terms, casein and caseinates production rose sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Casein And Caseinates Exports

Exports from Singapore

In 2022, shipments abroad of casein and caseinates increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, casein and caseinates exports skyrocketed to $X in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for casein and caseinates exports from Singapore, accounting for a X% share of total exports. Moreover, casein and caseinates exports to the United States exceeded the volume sent to the second major destination, Indonesia (X tons), ninefold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Japan (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for casein and caseinates exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Japan (X% per year).

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Malaysia ($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 the Philippines (X%), while the prices for the other major destinations experienced a decline.

Casein And Caseinates Imports

Imports into Singapore

In 2022, the amount of casein and caseinates imported into Singapore skyrocketed to X tons, with an increase of X% compared with the previous year's figure. Overall, imports, however, continue to indicate a deep setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, casein and caseinates imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of casein and caseinates to Singapore, accounting for a X% share of total imports. Moreover, casein and caseinates imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was taken by Ireland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Ireland (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of casein and caseinates to Singapore, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Ireland (X% per year).

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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 Ireland ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform