Price for Albumins; Albuminates and Other Albumin Derivatives in Singapore - 2022
Contents:
- Price for Albumins; Albuminates and Other Albumin Derivatives in Singapore (CIF) - 2022
- Price for Albumins; Albuminates and Other Albumin Derivatives in Singapore (FOB) - 2022
- Imports of Albumins; Albuminates and Other Albumin Derivatives in Singapore
- Exports of Albumins; Albuminates and Other Albumin Derivatives in Singapore
Price for Albumins; Albuminates and Other Albumin Derivatives in Singapore (CIF) - 2022
In 2022, the average import price for albumins; albuminates and other albumin derivativeses amounted to $8,734 per ton, picking up by 8.8% against the previous year. In general, the import price saw slight growth. The growth pace was the most rapid in 2017 an increase of 134% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($20,160 per ton), while the price for Malaysia ($2,156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Albumins; Albuminates and Other Albumin Derivatives in Singapore (FOB) - 2022
The average export price for albumins; albuminates and other albumin derivativeses stood at $17,383 per ton in 2022, rising by 72% against the previous year. In general, the export price showed prominent growth. The growth pace was the most rapid in 2021 an increase of 151%. Over the period under review, the average export prices hit record highs at $17,932 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($21,389 per ton), while the average price for exports to China ($848 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 Indonesia (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Albumins; Albuminates and Other Albumin Derivatives in Singapore
After three years of growth, overseas purchases of albumins; albuminates and other albumin derivativeses decreased by -45.4% to 5.6K tons in 2022. Over the period under review, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. As a result, imports attained the peak of 10K tons, and then contracted rapidly in the following year.
In value terms, imports of albumins; albuminates and other albumin derivativeses dropped remarkably to $49M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 175% against the previous year. As a result, imports attained the peak of $82M, and then fell dramatically in the following year.
| Import of Albumins; Albuminates and Other Albumin Derivatives in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.3 | 22.7 | 33.1 | 28.1 | 11.4% |
| Poland | N/A | N/A | 16.1 | 9.6 | -40.4% |
| Denmark | 0.3 | 0.6 | 1.4 | 2.4 | 100.0% |
| Germany | 1.9 | 0.8 | 1.0 | 2.3 | 6.6% |
| Ireland | 0.9 | 2.8 | 1.8 | 2.0 | 30.5% |
| United Kingdom | 0.1 | N/A | 23.7 | 1.0 | 115.4% |
| Malaysia | 0.9 | 0.5 | 0.8 | 1.0 | 3.6% |
| New Zealand | 0.8 | 0.6 | 0.1 | 0.1 | -50.0% |
| Others | 1.1 | 1.8 | 3.8 | 2.2 | 26.0% |
| Total | 26.4 | 29.7 | 81.9 | 48.6 | 22.6% |
Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to Singapore in 2022:
- United States (2904.1 tons)
- Poland (770.8 tons)
- Ireland (544.2 tons)
- Malaysia (461.9 tons)
- Germany (407.4 tons)
- United Kingdom (120.7 tons)
- Denmark (119.8 tons)
- New Zealand (22.2 tons)
Exports of Albumins; Albuminates and Other Albumin Derivatives in Singapore
In 2022, the amount of albumins; albuminates and other albumin derivativeses exported from Singapore surged to 518 tons, jumping by 25% compared with 2021. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of albumins; albuminates and other albumin derivativeses soared to $9M in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 201% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Albumins; Albuminates and Other Albumin Derivatives in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 5.7 | 2,693 | 5,677 | 3055.9% |
| Malaysia | 4.6 | 26.7 | 713 | 1,569 | 598.7% |
| India | 63.7 | 362 | 541 | 1,122 | 160.2% |
| Indonesia | 618 | 405 | 147 | 4.9 | -80.1% |
| China | 130 | 234 | 34.3 | 0.3 | -86.8% |
| Canada | 711 | N/A | N/A | N/A | 0% |
| Others | 137 | 360 | 68.6 | 638 | 67.0% |
| Total | 1,665 | 1,393 | 4,197 | 9,011 | 75.6% |
Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from Singapore in 2022:
- Japan (292.9 tons)
- India (114.2 tons)
- Malaysia (91.3 tons)
- China (0.3 tons)
- Indonesia (0.2 tons)
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