Price for Albumins; Albuminates and Other Albumin Derivatives in Latvia - 2023
Contents:
- Price for Albumins; Albuminates and Other Albumin Derivatives in Latvia (FOB) - 2023
- Price for Albumins; Albuminates and Other Albumin Derivatives in Latvia (CIF) - 2022
- Exports of Albumins; Albuminates and Other Albumin Derivatives in Latvia
- Imports of Albumins; Albuminates and Other Albumin Derivatives in Latvia
Price for Albumins; Albuminates and Other Albumin Derivatives in Latvia (FOB) - 2023
The average export price for albumins; albuminates and other albumin derivativeses stood at $2,489 per ton in October 2023, with an increase of 26% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 27% m-o-m. Over the period under review, the average export prices reached the maximum at $3,001 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($5,143 per ton), while the average price for exports to Sweden ($1,649 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Albumins; Albuminates and Other Albumin Derivatives in Latvia (CIF) - 2022
The average import price for albumins; albuminates and other albumin derivativeses stood at $8,743 per ton in 2022, with an increase of 37% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for albumins; albuminates and other albumin derivativeses increased by +154.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 69%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Czech Republic ($12,527 per ton), while the price for Belgium ($2,941 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+44.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Albumins; Albuminates and Other Albumin Derivatives in Latvia
In 2022, shipments abroad of albumins; albuminates and other albumin derivativeses increased by 98% to 2.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant increase. 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 soared to $3.6M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Albumins; Albuminates and Other Albumin Derivatives in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 132 | 131 | 158 | 1,035 | 98.7% |
| France | 145 | 104 | 136 | 330 | 31.5% |
| Hungary | 91.1 | 110 | 144 | 306 | 49.8% |
| Estonia | 211 | 230 | 271 | 296 | 11.9% |
| Poland | 103 | 189 | 242 | 223 | 29.4% |
| Bulgaria | 45.1 | 52.3 | 81.9 | 214 | 68.0% |
| Slovakia | 45.4 | 52.2 | 70.9 | 188 | 60.6% |
| Italy | 74.3 | 133 | 12.9 | 148 | 25.8% |
| Others | 317 | 230 | 428 | 855 | 39.2% |
| Total | 1,162 | 1,231 | 1,545 | 3,596 | 45.7% |
Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from Latvia in 2022:
- Czech Republic (550.0 tons)
- France (505.9 tons)
- Hungary (295.0 tons)
- Poland (244.6 tons)
- Italy (235.3 tons)
- Bulgaria (199.8 tons)
- Slovakia (170.3 tons)
- Estonia (98.1 tons)
Imports of Albumins; Albuminates and Other Albumin Derivatives in Latvia
In 2022, imports of albumins; albuminates and other albumin derivativeses into Latvia surged to 191 tons, picking up by 75% on the previous year. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 192%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of albumins; albuminates and other albumin derivativeses soared to $1.7M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 222%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Albumins; Albuminates and Other Albumin Derivatives in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 32.4 | 0.8 | 18.5 | 1,025 | 216.3% |
| Lithuania | 34.4 | 42.7 | 161 | 155 | 65.2% |
| France | 34.1 | 35.5 | 25.3 | 104 | 45.0% |
| Germany | 21.2 | 21.1 | 137 | 89.6 | 61.7% |
| Czech Republic | N/A | 10.2 | 82.1 | 68.9 | 159.9% |
| Sweden | 36.4 | 34.9 | 34.0 | 55.5 | 15.1% |
| Belgium | 70.2 | 17.4 | 36.8 | 31.7 | -23.3% |
| Estonia | 36.2 | 39.8 | 24.8 | 23.4 | -13.5% |
| Finland | 49.2 | N/A | N/A | N/A | 0% |
| Others | 46.9 | 13.4 | 175 | 114 | 34.5% |
| Total | 361 | 216 | 695 | 1,667 | 66.5% |
Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to Latvia in 2022:
- Ukraine (96.9 tons)
- France (20.9 tons)
- Lithuania (17.3 tons)
- Germany (16.5 tons)
- Belgium (10.8 tons)
- Estonia (6.3 tons)
- Czech Republic (5.5 tons)
- Sweden (5.0 tons)
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