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

Contents:

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

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

The average export price for casein, caseinates and other casein derivatives; casein glueses stood at $10,822 per ton in 2022, jumping by 29% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for casein, caseinates and other casein derivatives; casein glueses increased by +65.4% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($11,939 per ton) and the Philippines ($11,326 per ton), while the average price for exports to Saudi Arabia ($9,832 per ton) and Vietnam ($10,016 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In October 2023, the average import price for casein, caseinates and other casein derivatives; casein glueses amounted to $11,348 per ton, rising by 11% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 467% against the previous month. As a result, import price attained the peak level of $59,156 per ton. From January 2023 to October 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was New Zealand ($43,749 per ton), while the price for the Netherlands ($11,020 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth year in a row, India recorded growth in overseas shipments of casein, caseinates and other casein derivatives; casein glueses, which increased by 27% to 9.4K tons in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 320%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses surged to $101M in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 396% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. United States (4.8K tons)
2. Philippines (1.4K tons)
3. Germany (0.6K tons)
4. Saudi Arabia (0.5K tons)
5. Indonesia (0.5K tons)
6. Poland (0.5K tons)
7. Vietnam (0.3K tons)
8. Thailand (0.2K tons)

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

In 2022, purchases abroad of casein, caseinates and other casein derivatives; casein glueses decreased by -34.9% to 1.2K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 63%. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses contracted notably to $12M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of $20M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Netherlands (818.7 tons)
2. New Zealand (105.7 tons)
3. Spain (54.0 tons)
4. Singapore (25.4 tons)
5. France (25.0 tons)

Source: IndexBox Market Intelligence Platform