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

Contents:

  1. Price for Casein, Caseinates and Other Casein Derivatives; Casein Glues in Mexico (CIF) - 2023
  2. Imports of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Mexico

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

The average import price for casein, caseinates and other casein derivatives; casein glueses stood at $9,487 per ton in October 2023, shrinking by -22.9% against the previous month. Over the period under review, the import price showed a deep setback. The pace of growth was the most pronounced in March 2023 when the average import price increased by 30% month-to-month. Over the period under review, average import prices attained the peak figure at $17,920 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($9,970 per ton), while the price for Ireland amounted to $8,527 per ton.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ireland (-3.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 17K tons of casein, caseinates and other casein derivatives; casein glueses were imported into Mexico; growing by 12% against the previous year. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 104% against the previous year. As a result, imports reached the peak of 19K 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 totaled $195M in 2022. The total import value increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Casein, Caseinates and Other Casein Derivatives; Casein Glues in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ireland52.270.490.812935.2%
New Zealand59.954.772.131.8-19.0%
Germany17.919.220.426.213.5%
Netherlands5.65.37.57.811.7%
OthersN/A3.91.00.2-77.4%
Total13615419219512.8%

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

  1. Ireland (11.3K tons)
  2. New Zealand (2.7K tons)
  3. Germany (2.1K tons)
  4. Netherlands (0.8K tons)

Source: IndexBox Market Intelligence Platform

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