Price for Albumins; Albuminates and Other Albumin Derivatives in the United States - 2023
Contents:
- Price for Albumins; Albuminates and Other Albumin Derivatives in the United States (FOB) - 2023
- Price for Albumins; Albuminates and Other Albumin Derivatives in the United States (CIF) - 2023
- Exports of Albumins; Albuminates and Other Albumin Derivatives in the United States
- Imports of Albumins; Albuminates and Other Albumin Derivatives in the United States
Price for Albumins; Albuminates and Other Albumin Derivatives in the United States (FOB) - 2023
The average export price for albumins; albuminates and other albumin derivativeses stood at $8,281 per ton in December 2023, surging by 16% against the previous month. Overall, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in January 2023 an increase of 21% m-o-m. As a result, the export price reached the peak level of $12,656 per ton. From February 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($21,331 per ton), while the average price for exports to China ($5,775 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Albumins; Albuminates and Other Albumin Derivatives in the United States (CIF) - 2023
In December 2023, the average import price for albumins; albuminates and other albumin derivativeses amounted to $12,129 per ton, jumping by 18% against the previous month. In general, the import price, however, saw a mild curtailment. The pace of growth was the most pronounced in July 2023 when the average import price increased by 41% against the previous month. The import price peaked at $16,624 per ton in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the UK ($26,848 per ton), while the price for Canada ($3,834 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the prices for the other major suppliers experienced a decline.
Exports of Albumins; Albuminates and Other Albumin Derivatives in the United States
In 2022, exports of albumins; albuminates and other albumin derivativeses from the United States rose significantly to 75K tons, picking up by 9.1% on the previous year's figure. The total export volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of albumins; albuminates and other albumin derivativeses surged to $852M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Albumins; Albuminates and Other Albumin Derivatives in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 36.0 | 51.2 | 90.6 | 166 | 66.4% |
| Canada | 82.9 | 73.1 | 96.5 | 135 | 17.7% |
| China | 62.1 | 88.7 | 87.5 | 102 | 18.0% |
| South Korea | 13.4 | 17.2 | 36.3 | 61.1 | 65.8% |
| Brazil | 16.4 | 15.0 | 22.8 | 49.0 | 44.0% |
| Netherlands | 17.4 | 25.8 | 35.0 | 47.9 | 40.2% |
| United Kingdom | 3.1 | 22.7 | 28.1 | 37.0 | 128.5% |
| India | 34.3 | 15.2 | 19.4 | 30.8 | -3.5% |
| Australia | 12.0 | 11.7 | 14.3 | 27.6 | 32.0% |
| Singapore | 10.0 | 11.5 | 14.7 | 25.5 | 36.6% |
| Mexico | 14.6 | 5.4 | 14.6 | 20.4 | 11.8% |
| Taiwan (Chinese) | 6.8 | 6.4 | 7.9 | 12.0 | 20.8% |
| Vietnam | 7.5 | 6.0 | 4.8 | 8.1 | 2.6% |
| Others | 71.8 | 61.7 | 81.0 | 130 | 21.9% |
| Total | 388 | 412 | 553 | 852 | 30.0% |
Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from the United States in 2022:
- Japan (14.4K tons)
- Canada (11.8K tons)
- China (9.8K tons)
- United Kingdom (7.2K tons)
- South Korea (4.8K tons)
- Brazil (4.1K tons)
- India (3.0K tons)
- Netherlands (2.6K tons)
- Singapore (2.3K tons)
- Australia (1.9K tons)
- Mexico (1.7K tons)
- Vietnam (1.7K tons)
- Taiwan (Chinese) (1.1K tons)
Imports of Albumins; Albuminates and Other Albumin Derivatives in the United States
In 2022, the amount of albumins; albuminates and other albumin derivativeses imported into the United States shrank sharply to 14K tons, falling by -24.5% compared with the previous year's figure. Over the period under review, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year. As a result, imports attained the peak of 18K tons, and then contracted sharply in the following year.
In value terms, imports of albumins; albuminates and other albumin derivativeses rose slightly to $153M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Albumins; Albuminates and Other Albumin Derivatives in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 41.5 | 26.5 | 45.7 | 55.6 | 10.2% |
| Denmark | 22.7 | 13.6 | 29.5 | 37.6 | 18.3% |
| United Kingdom | 22.1 | 21.2 | 29.0 | 26.2 | 5.8% |
| Ireland | 11.1 | 8.3 | 10.2 | 8.8 | -7.4% |
| Germany | 7.7 | 3.8 | 7.9 | 6.4 | -6.0% |
| Canada | 0.8 | 0.8 | 1.9 | 3.4 | 62.0% |
| Norway | 10.9 | 0.8 | 0.4 | 3.3 | -32.9% |
| Iceland | 1.3 | 1.1 | 1.5 | 2.5 | 24.4% |
| Australia | 3.5 | 2.9 | 3.2 | 1.8 | -19.9% |
| Netherlands | 2.2 | 5.7 | 4.1 | 0.1 | -64.3% |
| Mexico | N/A | N/A | 1.5 | 0.1 | -93.3% |
| Others | 5.4 | 8.5 | 14.7 | 6.7 | 7.5% |
| Total | 129 | 93.1 | 150 | 153 | 5.9% |
Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to the United States in 2022:
- New Zealand (5.4K tons)
- Denmark (2.5K tons)
- United Kingdom (1.8K tons)
- Canada (1.2K tons)
- Ireland (0.7K tons)
- Germany (0.6K tons)
- Iceland (0.3K tons)
- Norway (0.3K tons)
- Mexico (0.1K tons)
- Australia (0.1K tons)
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