Price for Albumins; Albuminates and Other Albumin Derivatives in Australia - 2023
Contents:
- Price for Albumins; Albuminates and Other Albumin Derivatives in Australia (FOB) - 2022
- Price for Albumins; Albuminates and Other Albumin Derivatives in Australia (CIF) - 2023
- Exports of Albumins; Albuminates and Other Albumin Derivatives in Australia
- Imports of Albumins; Albuminates and Other Albumin Derivatives in Australia
Price for Albumins; Albuminates and Other Albumin Derivatives in Australia (FOB) - 2022
In 2022, the average export price for albumins; albuminates and other albumin derivativeses amounted to $27,283 per ton, rising by 107% against the previous year. Overall, the export price continues to indicate a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($15,034 per ton), while the average price for exports to Thailand ($6,365 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 Russia (+36.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Albumins; Albuminates and Other Albumin Derivatives in Australia (CIF) - 2023
In December 2023, the average import price for albumins; albuminates and other albumin derivativeses amounted to $10,166 per ton, reducing by -16% against the previous month. Overall, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 238% against the previous month. As a result, import price attained the peak level of $45,330 per ton. From April 2023 to December 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Italy ($10,434 per ton) and the UK ($10,412 per ton), while the price for New Zealand ($7,142 per ton) and Ireland ($8,163 per ton) were amongst the lowest.
From December 2022 to December 2023, 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 a decline.
Exports of Albumins; Albuminates and Other Albumin Derivatives in Australia
In 2022, shipments abroad of albumins; albuminates and other albumin derivativeses decreased by -4.3% to 4.6K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. As a result, the exports reached the peak of 5.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of albumins; albuminates and other albumin derivativeses surged to $126M in 2022. Over the period under review, exports, however, saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Albumins; Albuminates and Other Albumin Derivatives in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.2 | 29.1 | 20.5 | 34.0 | -3.8% |
| Japan | 6.2 | 9.7 | 11.8 | 13.7 | 30.2% |
| Indonesia | 2.5 | 2.0 | 3.1 | 4.1 | 17.9% |
| United States | 3.5 | 3.1 | 4.4 | 3.2 | -2.9% |
| New Zealand | 7.8 | 3.5 | 2.0 | 2.1 | -35.4% |
| Vietnam | 0.1 | 0.2 | 1.3 | 1.3 | 135.1% |
| Thailand | N/A | N/A | N/A | 0.7 | 0% |
| Russia | 2.0 | 0.7 | 1.2 | N/A | -22.5% |
| Singapore | 0.1 | 2.6 | 1.4 | N/A | 274.2% |
| Others | 13.5 | 14.2 | 17.8 | 67.1 | 70.7% |
| Total | 73.9 | 65.3 | 63.6 | 126 | 19.5% |
Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from Australia in 2022:
- China (2302.7 tons)
- Japan (1058.3 tons)
- Indonesia (342.6 tons)
- United States (212.4 tons)
- New Zealand (144.0 tons)
- Thailand (109.6 tons)
- Vietnam (106.9 tons)
- Singapore (3.1 tons)
Imports of Albumins; Albuminates and Other Albumin Derivatives in Australia
After three years of growth, purchases abroad of albumins; albuminates and other albumin derivativeses decreased by -4.7% to 2.2K tons in 2022. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21%.
In value terms, imports of albumins; albuminates and other albumin derivativeses surged to $29M in 2022. Overall, imports, however, posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Albumins; Albuminates and Other Albumin Derivatives in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.8 | 3.6 | 5.5 | 9.7 | 36.7% |
| Netherlands | 0.6 | 0.8 | 1.1 | 4.6 | 97.2% |
| United States | 5.4 | 6.7 | 5.5 | 4.2 | -8.0% |
| Denmark | 1.2 | 1.3 | 1.7 | 3.9 | 48.1% |
| Ireland | 0.5 | 0.9 | 1.5 | 1.8 | 53.3% |
| Italy | 0.9 | 1.1 | 1.5 | 1.6 | 21.1% |
| Norway | N/A | N/A | N/A | 1.5 | 0% |
| Others | 0.7 | 0.7 | 1.2 | 2.2 | 46.5% |
| Total | 13.0 | 15.2 | 18.1 | 29.5 | 31.4% |
Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to Australia in 2022:
- New Zealand (709.7 tons)
- United States (332.4 tons)
- Netherlands (300.4 tons)
- Denmark (262.0 tons)
- Ireland (167.5 tons)
- Italy (128.0 tons)
- Norway (115.1 tons)
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