Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka - 2022

Contents:

1. Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka (FOB) - 2022
2. Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka (CIF) - 2022
3. Exports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka
4. Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka

Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka (FOB) - 2022

In 2022, the average export price for albuminates and other albumin derivatives (excluding egg albumin)s amounted to $46,449 per ton, shrinking by -2.6% against the previous year. Overall, the export price, however, saw strong growth. The pace of growth appeared the most rapid in 2017 an increase of 280% against the previous year. Over the period under review, the average export prices reached the peak figure at $51,823 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +28.4% per year.

Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka (CIF) - 2022

The average import price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $25,734 per ton in 2022, declining by -35.4% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2015 an increase of 39%. The import price peaked at $39,851 per ton in 2021, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($172,000 per ton), while the price for Germany ($25,091 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka

For the fourth year in a row, Sri Lanka recorded growth in overseas shipments of albuminates and other albumin derivatives (excluding egg albumin)s, which increased by 53% to 2.1 tons in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 3,478% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of albuminates and other albumin derivatives (excluding egg albumin)s soared to $98K in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 5,509% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) from Sri Lanka in 2022:

1. Hong Kong SAR (2.1 tons)

Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Sri Lanka

In 2022, after two years of decline, there was significant growth in purchases abroad of albuminates and other albumin derivatives (excluding egg albumin)s, when their volume increased by 2,838% to 3 tons. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of albuminates and other albumin derivatives (excluding egg albumin)s soared to $76K in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) to Sri Lanka in 2022:

1. Germany (3.0 tons)

Source: IndexBox Market Intelligence Platform