Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Hungary - 2023

Contents:

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

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

The average import price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $17,071 per ton in 2022, rising by 134% against the previous year. In general, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 211% against the previous year. Over the period under review, average import prices attained the peak figure at $33,676 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($20,525 per ton), while the price for the Netherlands ($5,323 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $14,227 per ton in 2020, with a decrease of -47.3% against the previous year. Overall, the export price, however, continues to indicate a tangible increase. The growth pace was the most rapid in 2019 when the average export price increased by 139% against the previous year. As a result, the export price reached the peak level of $27,000 per ton, and then declined remarkably in the following year.

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

From 2012 to 2020, the rate of growth in terms of prices for Malaysia amounted to 0.0% per year.

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

In 2022, the amount of albuminates and other albumin derivatives (excluding egg albumin)s imported into Hungary shrank sharply to 13 tons, declining by -42.3% compared with the year before. Over the period under review, imports showed a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 0.4%.

In value terms, imports of albuminates and other albumin derivatives (excluding egg albumin)s surged to $225K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, imports reached the peak of $246K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Germany (9.1 tons)
2. Belgium (2.2 tons)
3. Netherlands (1.5 tons)
4. France (0.3 tons)

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

In 2021, after two years of growth, there was significant decline in shipments abroad of albuminates and other albumin derivatives (excluding egg albumin)s, when their volume decreased by 99.9% to less than 0.1 kg. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 2,100% against the previous year. As a result, the exports attained the peak of 22 kg, and then declined significantly in the following year.

In value terms, exports of albuminates and other albumin derivatives (excluding egg albumin)s dropped markedly to $1 in 2021. In general, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 1,059%. As a result, the exports attained the peak of $313, and then plummeted in the following year.

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

1. Russia (22.0 kg)

Source: IndexBox Market Intelligence Platform