Price for Albumins; Albuminates and Other Albumin Derivatives in the United Arab Emirates - 2022

Contents:

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

Price for Albumins; Albuminates and Other Albumin Derivatives in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for albumins; albuminates and other albumin derivativeses amounted to $6,452 per ton, shrinking by -13.4% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44% against the previous year. The import price peaked at $16,402 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 UK ($11,544 per ton), while the price for Thailand ($863 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Albumins; Albuminates and Other Albumin Derivatives in the United Arab Emirates (FOB) - 2022

The average export price for albumins; albuminates and other albumin derivativeses stood at $5,007 per ton in 2022, reducing by -40% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 153%. Over the period under review, the average export prices hit record highs at $8,347 per ton in 2021, and then shrank dramatically in the following year.

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 India ($13,027 per ton), while the average price for exports to Iraq ($1,199 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 (+106.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Albumins; Albuminates and Other Albumin Derivatives in the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded growth in overseas purchases of albumins; albuminates and other albumin derivativeses, which increased by 16% to 481 tons in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +69.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of albumins; albuminates and other albumin derivativeses stood at $3.1M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 90%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to the United Arab Emirates in 2022:

1. Thailand (142.9 tons)
2. Poland (77.7 tons)
3. Italy (54.2 tons)
4. France (37.7 tons)
5. India (36.2 tons)
6. Netherlands (24.6 tons)
7. New Zealand (23.0 tons)
8. Ukraine (3.4 tons)

Exports of Albumins; Albuminates and Other Albumin Derivatives in the United Arab Emirates

In 2022, approx. 167 tons of albumins; albuminates and other albumin derivativeses were exported from the United Arab Emirates; jumping by 29% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 90%. As a result, the exports attained the peak of 459 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of albumins; albuminates and other albumin derivativeses declined notably to $836K in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 111% against the previous year. As a result, the exports attained the peak of $3.2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from the United Arab Emirates in 2022:

1. Saudi Arabia (36.7 tons)
2. Iraq (36.7 tons)
3. Kuwait (22.4 tons)
4. India (18.0 tons)
5. Thailand (17.5 tons)
6. Azerbaijan (14.7 tons)
7. Iran (9.5 tons)
8. Bahrain (8.2 tons)

Source: IndexBox Market Intelligence Platform