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

Contents:

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

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

In 2022, the average import price for casein, caseinates and other casein derivatives; casein glueses amounted to $7,822 per ton, picking up by 7.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 42% against the previous year. The import price peaked at $9,190 per ton in 2014; however, from 2015 to 2022, 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 France ($8,731 per ton), while the price for New Zealand totaled $7,173 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for casein, caseinates and other casein derivatives; casein glueses stood at $426 per ton in 2022, growing by 11% against the previous year. Overall, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 81% against the previous year. As a result, the export price attained the peak level of $1,211 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($447 per ton), while the average price for exports to Iraq ($394 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 Jordan (+34.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Saudi Arabia

In 2022, approx. 2.3K tons of casein, caseinates and other casein derivatives; casein glueses were imported into Saudi Arabia; surging by 7.5% compared with the previous year. The total import volume increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year. As a result, imports attained the peak of 2.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of casein, caseinates and other casein derivatives; casein glueses skyrocketed to $18M in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 115% against the previous year. As a result, imports attained the peak of $21M. 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 Saudi Arabia in 2022:

1. France (1673.6 tons)
2. New Zealand (321.1 tons)

Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Saudi Arabia

In 2022, the amount of casein, caseinates and other casein derivatives; casein glueses exported from Saudi Arabia reduced rapidly to 241 tons, declining by -30.9% compared with the previous year. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 211% against the previous year.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses reduced remarkably to $103K in 2022. Overall, exports saw a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 85%.

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

1. Kuwait (123.6 tons)
2. United Arab Emirates (80.2 tons)
3. Iraq (36.9 tons)

Source: IndexBox Market Intelligence Platform