Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia - 2023

Contents:

1. Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia (CIF) - 2023
2. Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia (FOB) - 2022
3. Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia
4. Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia

Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia (CIF) - 2023

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $8,215 per ton in December 2023, falling by -23.1% against the previous month. Overall, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 28% month-to-month. Over the period under review, average import prices reached the maximum at $14,727 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were the United States ($9,517 per ton) and Germany ($8,826 per ton), while the price for Ireland ($7,446 per ton) and New Zealand ($7,651 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (-2.1%), while the prices for the other major suppliers experienced a decline.

Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia (FOB) - 2022

In 2022, the average export price for casein, caseinates and other casein derivatives; casein glueses amounted to $124,899 per ton, growing by 75% against the previous year. Overall, the export price recorded significant growth. The growth pace was the most rapid in 2021 when the average export price increased by 256%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 United States ($263,048 per ton), while the average price for exports to Pakistan ($9,410 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 Japan (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia

In 2022, imports of casein, caseinates and other casein derivatives; casein glueses into Australia rose notably to 2.8K tons, with an increase of 11% compared with the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses soared to $38M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Casein, Caseinates and Other Casein Derivatives; Casein Glues to Australia in 2022:

1. New Zealand (1728.6 tons)
2. United States (432.9 tons)
3. France (242.3 tons)
4. Ireland (219.5 tons)
5. Germany (152.3 tons)
6. Denmark (0.6 tons)

Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Australia

In 2022, overseas shipments of casein, caseinates and other casein derivatives; casein glueses decreased by -61.3% to 52 tons, falling for the second consecutive year after two years of growth. In general, exports showed a deep slump. The growth pace was the most rapid in 2020 when exports increased by 167% against the previous year. As a result, the exports attained the peak of 245 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses fell remarkably to $6.5M in 2022. Overall, exports, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of 95%. As a result, the exports attained the peak of $9.6M, and then declined markedly in the following year.

Top Export Markets for Casein, Caseinates and Other Casein Derivatives; Casein Glues from Australia in 2022:

1. Malaysia (16.0 tons)
2. United States (14.4 tons)
3. Japan (8.2 tons)
4. Pakistan (6.5 tons)
5. Mexico (5.9 tons)

Source: IndexBox Market Intelligence Platform