Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea - 2022
Contents:
- Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea (CIF) - 2022
- Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea (FOB) - 2022
- Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea
- Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea
Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea (CIF) - 2022
The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $14,552 per ton in December 2022, rising by 8.4% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($19,900 per ton), while the price for the United States ($12,726 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.5%), 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 South Korea (FOB) - 2022
In 2022, the average export price for casein, caseinates and other casein derivatives; casein glueses amounted to $30,890 per ton, approximately reflecting the previous year. In general, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 193%. Over the period under review, the average export prices attained the maximum at $30,891 per ton in 2021, and then declined in the following year.
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 Japan ($45,753 per ton), while the average price for exports to China ($9,042 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 (+22.3%), 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 South Korea
In 2022, the amount of casein, caseinates and other casein derivatives; casein glueses imported into South Korea surged to 11K tons, jumping by 22% compared with 2021. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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 soared to $137M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 19.6 | 23.1 | 26.8 | 49.7 | 36.4% |
| Germany | 10.2 | 10.7 | 12.7 | 21.4 | 28.0% |
| Netherlands | 6.3 | 8.2 | 12.6 | 15.2 | 34.1% |
| United States | 2.0 | 4.3 | 6.1 | 13.3 | 88.1% |
| France | 6.2 | 5.5 | 7.4 | 12.3 | 25.7% |
| Denmark | 5.5 | 5.5 | 5.2 | 11.7 | 28.6% |
| Ireland | 4.1 | 6.1 | 7.1 | 7.0 | 19.5% |
| Poland | 1.8 | 2.0 | 2.6 | 4.4 | 34.7% |
| Others | 1.2 | 1.0 | 3.2 | 2.3 | 24.2% |
| Total | 56.8 | 66.4 | 83.6 | 137 | 34.1% |
Top Suppliers of Casein, Caseinates and Other Casein Derivatives; Casein Glues to South Korea in 2022:
- New Zealand (3.8K tons)
- Germany (1.5K tons)
- Netherlands (1.2K tons)
- France (1.1K tons)
- United States (1.0K tons)
- Denmark (0.8K tons)
- Ireland (0.7K tons)
- Poland (0.4K tons)
Exports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea
In 2022, the amount of casein, caseinates and other casein derivatives; casein glueses exported from South Korea surged to 15 tons, picking up by 56% on 2021. In general, exports, however, showed a drastic downturn.
In value terms, exports of casein, caseinates and other casein derivatives; casein glueses soared to $460K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Casein, Caseinates and Other Casein Derivatives; Casein Glues in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 79.5 | 166 | 242 | 340 | 62.3% |
| Sri Lanka | 13.7 | 25.2 | 13.4 | 74.3 | 75.7% |
| Vietnam | 24.5 | 35.7 | 38.4 | 36.9 | 14.6% |
| China | 62.5 | N/A | N/A | 2.1 | -67.7% |
| United Arab Emirates | 46.6 | 10.5 | 0.1 | 0.1 | -87.1% |
| Others | 5.2 | 7.2 | 2.0 | 6.0 | 4.9% |
| Total | 232 | 244 | 296 | 460 | 25.6% |
Top Export Markets for Casein, Caseinates and Other Casein Derivatives; Casein Glues from South Korea in 2022:
- Japan (7.4 tons)
- Sri Lanka (5.4 tons)
- Vietnam (1.6 tons)
- China (0.2 tons)
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