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

Contents:

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

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

In December 2023, the average import price for casein, caseinates and other casein derivatives; casein glueses amounted to $13,968 per ton, remaining stable against the previous month. Over the period under review, the import price saw a slight setback. The most prominent rate of growth was recorded in November 2023 an increase of 46% against the previous month. Over the period under review, average import prices reached the maximum at $16,094 per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ukraine ($15,421 per ton), while the price for Germany ($7,337 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by France (+24.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for casein, caseinates and other casein derivatives; casein glueses stood at $5,392 per ton in 2022, rising by 99% against the previous year. Overall, the export price enjoyed a mild increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($15,306 per ton), while the average price for exports to Syrian Arab Republic ($2,101 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 Belgium (+51.9%), 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 Turkey

In 2022, approx. 678 tons of casein, caseinates and other casein derivatives; casein glueses were imported into Turkey; picking up by 162% compared with 2021. Overall, imports recorded a significant increase. 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 skyrocketed to $8.5M in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Denmark (285.4 tons)
2. Netherlands (214.6 tons)
3. France (54.5 tons)
4. Germany (43.9 tons)
5. Ukraine (34.7 tons)
6. Ireland (22.0 tons)
7. New Zealand (7.0 tons)

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

In 2022, overseas shipments of casein, caseinates and other casein derivatives; casein glueses decreased by -13.5% to 224 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. As a result, the exports attained the peak of 391 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of casein, caseinates and other casein derivatives; casein glueses surged to $1.2M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Belgium (83.9 tons)
2. Georgia (46.8 tons)
3. Russia (43.2 tons)
4. Albania (35.1 tons)
5. Azerbaijan (5.4 tons)

Source: IndexBox Market Intelligence Platform