Southern Asia: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in Southern Asia

The South Asian casein glue and caseinates market was estimated at $X in 2022, leveling off at the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Casein Glues And Caseinates And Other Casein Derivatives in Southern Asia

In value terms, casein glue and caseinates production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in Southern Asia

In 2022, overseas shipments 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, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, casein glue and caseinates exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of casein glues and caseinates and other casein derivatives, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the casein glues and caseinates and other casein derivatives exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest casein glue and caseinates supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

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

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in Southern Asia

In 2022, supplies from abroad of casein glues and caseinates and other casein derivatives decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, casein glue and caseinates imports fell markedly to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

India prevails in imports structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by Sri Lanka (X tons), committing an X% share of total imports. Pakistan (X tons) held a little share of total imports.

India was also the fastest-growing in terms of the casein glues and caseinates and other casein derivatives imports, with a CAGR of X% from 2012 to 2022. Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) and Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported casein glues and caseinates and other casein derivatives in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated notable 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 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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