Price for Albumins; Albuminates and Other Albumin Derivatives in the UK - 2023
Contents:
- Price for Albumins; Albuminates and Other Albumin Derivatives in the UK (CIF) - 2023
- Price for Albumins; Albuminates and Other Albumin Derivatives in the UK (FOB) - 2022
- Imports of Albumins; Albuminates and Other Albumin Derivatives in the UK
- Exports of Albumins; Albuminates and Other Albumin Derivatives in the UK
Price for Albumins; Albuminates and Other Albumin Derivatives in the UK (CIF) - 2023
In November 2023, the average import price for albumins; albuminates and other albumin derivativeses amounted to $7,090 per ton, picking up by 2.7% against the previous month. Overall, the import price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in July 2023 when the average import price increased by 12% month-to-month. The import price peaked at $10,180 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($13,359 per ton), while the price for Belgium ($3,361 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Albumins; Albuminates and Other Albumin Derivatives in the UK (FOB) - 2022
In 2022, the average export price for albumins; albuminates and other albumin derivativeses amounted to $16,236 per ton, growing by 31% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs at $16,536 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Germany ($22,666 per ton), while the average price for exports to Hungary ($11,274 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 India (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Albumins; Albuminates and Other Albumin Derivatives in the UK
In 2022, the amount of albumins; albuminates and other albumin derivativeses imported into the UK soared to 25K tons, jumping by 35% against the year before. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of albumins; albuminates and other albumin derivativeses soared to $238M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Albumins; Albuminates and Other Albumin Derivatives in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.0 | 38.9 | 42.2 | 47.5 | 27.3% |
| Netherlands | 51.1 | 33.7 | 46.6 | 44.8 | -4.3% |
| Poland | 4.7 | 4.8 | 6.0 | 42.8 | 108.8% |
| United States | 2.6 | 21.7 | 24.2 | 42.0 | 152.8% |
| Ireland | 2.3 | 22.5 | 21.1 | 27.5 | 128.7% |
| Italy | 2.9 | 9.7 | 2.3 | 9.1 | 46.4% |
| France | 13.2 | 10.3 | 6.6 | 8.2 | -14.7% |
| Belgium | 3.2 | 3.5 | 1.8 | 4.9 | 15.3% |
| Lithuania | 10.5 | 4.3 | 0.8 | 4.6 | -24.1% |
| Denmark | 5.7 | 4.3 | 1.6 | 4.4 | -8.3% |
| Others | 1.9 | 1.5 | 1.5 | 2.0 | 1.7% |
| Total | 121 | 155 | 155 | 238 | 25.3% |
Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to the UK in 2022:
- Netherlands (8.1K tons)
- Germany (4.0K tons)
- Poland (3.7K tons)
- United States (3.1K tons)
- Ireland (2.0K tons)
- Belgium (1.4K tons)
- France (0.8K tons)
- Italy (0.7K tons)
- Lithuania (0.4K tons)
- Denmark (0.3K tons)
Exports of Albumins; Albuminates and Other Albumin Derivatives in the UK
Exports of albumins; albuminates and other albumin derivativeses from the UK declined to 11K tons in 2022, with a decrease of -11.2% on the previous year's figure. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 148%. As a result, the exports attained the peak of 13K tons, and then dropped in the following year.
In value terms, exports of albumins; albuminates and other albumin derivativeses skyrocketed to $184M in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 137% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Albumins; Albuminates and Other Albumin Derivatives in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.9 | 27.9 | 26.3 | 39.3 | 18.0% |
| Denmark | 1.1 | 0.4 | 12.6 | 30.8 | 203.7% |
| Netherlands | 8.4 | 11.5 | 16.0 | 30.5 | 53.7% |
| Germany | 7.5 | 4.4 | 7.5 | 17.8 | 33.4% |
| Japan | 1.4 | 1.4 | 4.4 | 12.9 | 109.6% |
| India | 0.7 | 2.5 | 21.4 | 11.6 | 154.9% |
| Sweden | 2.2 | 1.9 | 7.7 | 8.7 | 58.1% |
| China | 0.9 | 2.2 | 16.2 | 8.0 | 107.1% |
| Poland | 2.6 | 3.3 | 3.7 | 6.3 | 34.3% |
| Hungary | 2.8 | 1.1 | 0.3 | 1.4 | -20.6% |
| Belgium | 3.3 | 1.4 | 0.4 | 0.9 | -35.2% |
| Others | 13.4 | 8.6 | 41.0 | 15.7 | 5.4% |
| Total | 68.2 | 66.6 | 158 | 184 | 39.2% |
Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from the UK in 2022:
- Netherlands (2675.6 tons)
- United States (1908.1 tons)
- Denmark (1660.6 tons)
- India (902.8 tons)
- Germany (783.4 tons)
- Japan (736.6 tons)
- Sweden (530.2 tons)
- China (516.5 tons)
- Poland (445.7 tons)
- Hungary (126.4 tons)
- Belgium (58.7 tons)
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