ASEAN: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in ASEAN

The ASEAN casein and caseinates market reduced modestly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then shrank modestly in the following year.

Casein And Caseinates Production in ASEAN

In value terms, casein and caseinates production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Casein And Caseinates Exports

Exports in ASEAN

In 2022, shipments abroad of casein and caseinates increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports saw measured growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, casein and caseinates exports amounted to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore was the key exporting country with an export of around X tons, which resulted at X% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%) and Malaysia (X%).

From 2012 to 2022, average annual rates of growth with regard to casein and caseinates exports from Singapore stood at X%. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Casein And Caseinates Imports

Imports in ASEAN

In 2022, after three years of growth, there was decline in purchases abroad of casein and caseinates, when their volume decreased by X% to X tons. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, casein and caseinates imports surged to $X in 2022. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of casein and caseinates imports in 2022 were the Philippines (X tons), Indonesia (X tons) and Malaysia (X tons), together recording X% of total import. It was distantly followed by Vietnam (X tons), creating an X% share of total imports. Thailand (X tons) and Singapore (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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, the largest casein and caseinates importing markets in ASEAN were Malaysia ($X), the Philippines ($X) and Indonesia ($X), together accounting for X% of total imports. Vietnam, Thailand and Singapore 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, in terms of 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

In 2022, the import price in ASEAN amounted to $X per ton, surging by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein and caseinates import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform