Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Iraq - 2022

Contents:

  1. Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Iraq (CIF) - 2022
  2. Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Iraq

Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Iraq (CIF) - 2022

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $1,419 per ton in 2022, reducing by -40.8% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2020 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $3,280 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($1,463 per ton), while the price for the United Arab Emirates totaled $1,417 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+69.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 39 tons of casein, caseinates and other casein derivatives; casein glueses were imported into Iraq; picking up by 80% compared with 2021. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses expanded sharply to $56K in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 28%. As a result, imports attained the peak of $59K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/A24.93.453.446.4%
Turkey3.11.86.72.2-10.8%
IranN/AN/A27.9N/A0%
Saudi Arabia38.619.714.0N/A-39.8%
Others4.612.6N/AN/A173.9%
Total46.259.152.055.66.4%

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

  1. United Arab Emirates (37.7 tons)
  2. Turkey (1.5 tons)

Source: IndexBox Market Intelligence Platform

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