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

Contents:

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

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

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $13,693 per ton in August 2023, rising by 26% against the previous month. In general, the import price enjoyed a slight expansion. The growth pace was the most rapid in April 2023 when the average import price increased by 167% against the previous month. The import price peaked at $23,474 per ton in February 2023; however, from March 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($19,598 per ton), while the price for Hungary ($3,439 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for casein, caseinates and other casein derivatives; casein glueses amounted to $11,047 per ton, rising by 4.5% against the previous year. Overall, the export price posted modest growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($18,096 per ton), while the average price for exports to Germany ($6,423 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 Hungary (+52.8%), 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 Bulgaria

In 2022, supplies from abroad of casein, caseinates and other casein derivatives; casein glueses decreased by -31.3% to 367 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of 534 tons, and then shrank rapidly in the following year.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses totaled $4.2M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.6% 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 +88.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Germany (165.0 tons)
2. Greece (47.4 tons)
3. Hungary (46.6 tons)
4. France (42.8 tons)
5. Denmark (34.2 tons)
6. Netherlands (17.8 tons)
7. Poland (9.7 tons)

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

In 2022, shipments abroad of casein, caseinates and other casein derivatives; casein glueses decreased by -75.3% to 13 tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 226%. As a result, the exports attained the peak of 78 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses fell notably to $145K in 2022. Over the period under review, exports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2020 when exports increased by 312% against the previous year.

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

1. Slovakia (5.4 tons)
2. Greece (4.0 tons)
3. Italy (1.1 tons)
4. Czech Republic (0.7 tons)
5. Germany (0.6 tons)
6. North Macedonia (0.5 tons)
7. Hungary (0.5 tons)

Source: IndexBox Market Intelligence Platform