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

Contents:

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

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

The average import price for albumins; albuminates and other albumin derivativeses stood at $8,692 per ton in December 2023, picking up by 1.6% against the previous month. In general, import price indicated a measured increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for albumins; albuminates and other albumin derivativeses decreased by -4.7% against September 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 142% month-to-month. Over the period under review, average import prices reached the peak figure at $10,668 per ton in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +2.7% per month.

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

In 2022, the average export price for albumins; albuminates and other albumin derivativeses amounted to $2,935 per ton, picking up by 10% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for albumins; albuminates and other albumin derivativeses increased by +49.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 61%. The export price peaked at $3,219 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,174 per ton), while the average price for exports to Poland ($1,765 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 the United States (+9.0%), while the prices for the other major destinations experienced a decline.

Imports of Albumins; Albuminates and Other Albumin Derivatives in Canada

In 2022, approx. 13K tons of albumins; albuminates and other albumin derivativeses were imported into Canada; with an increase of 20% against the year before. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of albumins; albuminates and other albumin derivativeses soared to $137M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (11.4K tons)
2. New Zealand (0.8K tons)

Exports of Albumins; Albuminates and Other Albumin Derivatives in Canada

In 2022, after two years of decline, there was significant growth in overseas shipments of albumins; albuminates and other albumin derivativeses, when their volume increased by 80% to 1.5K tons. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 $4.3M in 2022. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (1193.2 tons)
2. India (117.2 tons)
3. Spain (77.3 tons)
4. Poland (28.4 tons)
5. Taiwan (Chinese) (11.5 tons)
6. Singapore (0.7 tons)

Source: IndexBox Market Intelligence Platform