ASEAN: Market for Casein Glues And Caseinates And Other Casein Derivatives 2024

Market Size for Casein Glues And Caseinates And Other Casein Derivatives in ASEAN

In 2023, the ASEAN casein glue and caseinates market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Overall, consumption, however, enjoyed a strong expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Casein Glues And Caseinates And Other Casein Derivatives in ASEAN

In value terms, casein glue and caseinates production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Exports of Casein Glues And Caseinates And Other Casein Derivatives

Exports in ASEAN

In 2023, the amount of casein glues and caseinates and other casein derivatives exported in ASEAN skyrocketed to X tons, jumping by X% against the year before. Over the period under review, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, casein glue and caseinates exports rose sharply to $X in 2023. Overall, exports, however, saw a slight slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Singapore dominates exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Thailand (X tons), committing a X% share of total exports.

Singapore was also the fastest-growing in terms of the casein glues and caseinates and other casein derivatives exports, with a CAGR of X% from 2012 to 2023. Thailand (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest casein glue and caseinates supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Singapore totaled X%.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Imports of Casein Glues And Caseinates And Other Casein Derivatives

Imports in ASEAN

In 2023, approx. X tons of casein glues and caseinates and other casein derivatives were imported in ASEAN; shrinking by X% on 2022. Total imports indicated tangible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, casein glue and caseinates imports fell to $X in 2023. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Indonesia (X tons) and Thailand (X tons) represented the main importers of casein glues and caseinates and other casein derivatives in 2023, reaching approx. X% and X% of total imports, respectively. Singapore (X tons) took the next position in the ranking, followed by Vietnam (X tons), the Philippines (X tons) and Malaysia (X tons). All these countries together took near X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Vietnam, the Philippines and Malaysia lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, casein glue and caseinates import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Singapore ($X per ton) and the Philippines ($X per ton), while Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform