Price for Albumins; Albuminates and Other Albumin Derivatives in Hong Kong SAR - 2023

Contents:

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

Price for Albumins; Albuminates and Other Albumin Derivatives in Hong Kong SAR (CIF) - 2022

The average import price for albumins; albuminates and other albumin derivativeses stood at $10,327 per ton in 2022, which is down by -49.7% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by 76%. As a result, import price reached the peak level of $97,801 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Australia ($56,583 per ton), while the price for China ($4,742 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Albumins; Albuminates and Other Albumin Derivatives in Hong Kong SAR (FOB) - 2022

The average export price for albumins; albuminates and other albumin derivativeses stood at $23,197 per ton in 2022, picking up by 294% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The export price peaked at $29,296 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($224,000 per ton), while the average price for exports to Turkey ($5,000 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 South Korea (+373.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Albumins; Albuminates and Other Albumin Derivatives in Hong Kong SAR

After two years of decline, purchases abroad of albumins; albuminates and other albumin derivativeses increased by 50% to 43 tons in 2022. Overall, imports, however, recorded a noticeable contraction.

In value terms, imports of albumins; albuminates and other albumin derivativeses dropped rapidly to $444K in 2022. In general, imports, however, saw a precipitous descent. The smallest decline of -7.1% was in 2020.

Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to Hong Kong SAR in 2022:

1. Denmark (18.2 tons)
2. China (16.5 tons)
3. Taiwan (Chinese) (6.1 tons)
4. Belgium (2.2 tons)

Exports of Albumins; Albuminates and Other Albumin Derivatives in Hong Kong SAR

In 2022, exports of albumins; albuminates and other albumin derivativeses from Hong Kong SAR fell significantly to 61 kg, with a decrease of -96.8% compared with the previous year. Overall, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 15,842% against the previous year.

In value terms, exports of albumins; albuminates and other albumin derivativeses shrank markedly to $1.4K in 2022. Over the period under review, exports recorded a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 19,297%.

Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from Hong Kong SAR in 2022:

1. China (25.0 kg)
2. Netherlands (22.0 kg)
3. Macao SAR (12.0 kg)
4. Turkey (1.0 kg)
5. South Korea (1.0 kg)

Source: IndexBox Market Intelligence Platform