Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR - 2023
Contents:
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR (CIF) - 2022
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR (FOB) - 2022
- Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR
- Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR (CIF) - 2022
The average import price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $18,520 per ton in 2022, surging by 9.9% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for albumins; milk albumin, including concentrates of two or more whey proteinses increased by +78.1% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 50% against the previous year. The import price peaked at $22,752 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($41,516 per ton), while the price for France ($2,492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR (FOB) - 2022
The average export price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $21,834 per ton in 2022, with a decrease of -41.6% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 an increase of 146% against the previous year. Over the period under review, the average export prices reached the peak figure at $37,393 per ton in 2021, and then contracted notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($28,172 per ton), while the average price for exports to Singapore ($4,086 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 China (+4.0%), while the prices for the other major destinations experienced a decline.
Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR
Imports of albumins; milk albumin, including concentrates of two or more whey proteinses into Hong Kong SAR contracted sharply to 69 tons in 2022, with a decrease of -36.3% compared with 2021 figures. Overall, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 147%. As a result, imports attained the peak of 108 tons, and then declined significantly in the following year.
In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses declined notably to $1.3M in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 150% against the previous year. As a result, imports reached the peak of $1.8M, and then dropped notably in the following year.
| Import of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 39.2 | 204 | 535 | 391 | 115.3% |
| Taiwan (Chinese) | 3.8 | 24.7 | 229 | 116 | 212.5% |
| Singapore | N/A | N/A | 0.6 | 85.4 | 14133.3% |
| China | 18.9 | 80.8 | 7.9 | 46.1 | 34.6% |
| United States | 51.0 | 147 | 15.2 | 33.4 | -13.2% |
| United Kingdom | 6.4 | 24.3 | 66.2 | 21.3 | 49.3% |
| France | N/A | N/A | 68.5 | 8.9 | -87.0% |
| New Zealand | 2.3 | 8.1 | 17.8 | 6.0 | 37.7% |
| Others | 603 | 239 | 879 | 566 | -2.1% |
| Total | 724 | 729 | 1,819 | 1,274 | 20.7% |
Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to Hong Kong SAR in 2022:
- Germany (22.8 tons)
- Taiwan (Chinese) (5.7 tons)
- France (3.6 tons)
- Singapore (2.4 tons)
- United Kingdom (2.0 tons)
- China (1.5 tons)
- United States (0.8 tons)
- New Zealand (0.5 tons)
Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR
Exports of albumins; milk albumin, including concentrates of two or more whey proteinses from Hong Kong SAR surged to 555 kg in 2022, increasing by 29% against 2021 figures. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,250%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses shrank markedly to $12K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,299%.
| Export of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 7.5 | 0.5 | 11.2 | 282.6% |
| Singapore | N/A | 0.4 | N/A | 0.6 | 22.5% |
| South Korea | N/A | 0.2 | N/A | 0.4 | 41.4% |
| Others | N/A | N/A | 15.5 | N/A | 0% |
| Total | 0.2 | 8.2 | 16.1 | 12.1 | 292.6% |
Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from Hong Kong SAR in 2022:
- China (396.0 kg)
- Singapore (139.0 kg)
- South Korea (20.0 kg)
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