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

Contents:

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

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

The average import price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $5,828 per ton in 2022, with a decrease of -55.9% against the previous year. In general, the import price, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2015 when the average import price increased by 277%. Over the period under review, average import prices hit record highs at $13,226 per ton in 2021, and then plummeted 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 the United States ($15,364 per ton), while the price for Belgium totaled $5,674 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $4,276 per ton in 2022, surging by 202% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. Over the period under review, the average export prices attained the peak figure at $6,465 per ton in 2012; however, from 2013 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 Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to -8.5% per year.

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

In 2022, purchases abroad of albuminates and other albumin derivatives (excluding egg albumin)s increased by 416% to 47 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a sharp downturn.

In value terms, imports of albuminates and other albumin derivatives (excluding egg albumin)s soared to $274K in 2022. In general, imports, however, recorded a precipitous contraction.

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

1. Belgium (46.8 tons)
2. United States (0.2 tons)

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

In 2022, overseas shipments of albuminates and other albumin derivatives (excluding egg albumin)s decreased by -89.5% to 3.9 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 43%.

In value terms, exports of albuminates and other albumin derivatives (excluding egg albumin)s fell rapidly to $17K in 2022. Over the period under review, exports faced a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 32%.

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

1. Thailand (3.9 tons)

Source: IndexBox Market Intelligence Platform