Price for Albumins; Albuminates and Other Albumin Derivatives in Bulgaria - 2023

Contents:

1. Price for Albumins; Albuminates and Other Albumin Derivatives in Bulgaria (CIF) - 2023
2. Price for Albumins; Albuminates and Other Albumin Derivatives in Bulgaria (FOB) - 2022
3. Imports of Albumins; Albuminates and Other Albumin Derivatives in Bulgaria
4. Exports of Albumins; Albuminates and Other Albumin Derivatives in Bulgaria

Price for Albumins; Albuminates and Other Albumin Derivatives in Bulgaria (CIF) - 2023

The average import price for albumins; albuminates and other albumin derivativeses stood at $7,073 per ton in August 2023, increasing by 9.3% against the previous month. Overall, the import price showed strong growth. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 169% m-o-m. The import price peaked at $8,820 per ton in November 2022; however, from December 2022 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($8,686 per ton), while the price for Latvia ($1,786 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Albumins; Albuminates and Other Albumin Derivatives in Bulgaria (FOB) - 2022

In 2022, the average export price for albumins; albuminates and other albumin derivativeses amounted to $10,656 per ton, with an increase of 35% against the previous year. Over the period under review, the export price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 307% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($17,456 per ton), while the average price for exports to Greece ($4,822 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 France (+100.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Albumins; Albuminates and Other Albumin Derivatives in Bulgaria

In 2022, after three years of growth, there was significant decline in overseas purchases of albumins; albuminates and other albumin derivativeses, when their volume decreased by -37% to 517 tons. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by 66%. As a result, imports attained the peak of 822 tons, and then reduced dramatically in the following year.

In value terms, imports of albumins; albuminates and other albumin derivativeses declined significantly to $2.1M in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 96% against the previous year. As a result, imports attained the peak of $4.1M, and then contracted significantly in the following year.

Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to Bulgaria in 2022:

1. Romania (202.5 tons)
2. Netherlands (93.1 tons)
3. Austria (76.0 tons)
4. Poland (75.5 tons)
5. France (23.3 tons)
6. Belgium (14.9 tons)
7. Latvia (11.7 tons)
8. Slovakia (6.1 tons)

Exports of Albumins; Albuminates and Other Albumin Derivatives in Bulgaria

In 2022, the amount of albumins; albuminates and other albumin derivativeses exported from Bulgaria soared to 60 tons, increasing by 21% on the year before. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of albumins; albuminates and other albumin derivativeses skyrocketed to $643K in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from Bulgaria in 2022:

1. Turkey (29.1 tons)
2. Croatia (13.4 tons)
3. Greece (8.7 tons)
4. North Macedonia (6.0 tons)
5. Austria (1.1 tons)
6. Georgia (1.0 tons)
7. Sweden (1.0 tons)

Source: IndexBox Market Intelligence Platform