Price for Albumins; Egg Albumin, Not Dried in Denmark - 2023

Contents:

1. Price for Albumins; Egg Albumin, Not Dried in Denmark (FOB) - 2023
2. Price for Albumins; Egg Albumin, Not Dried in Denmark (CIF) - 2022
3. Exports of Albumins; Egg Albumin, Not Dried in Denmark
4. Imports of Albumins; Egg Albumin, Not Dried in Denmark

Price for Albumins; Egg Albumin, Not Dried in Denmark (FOB) - 2023

In August 2023, the average export price for albumins; egg albumin, not drieds amounted to $2,701 per ton, leveling off at the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in January 2023 an increase of 13% month-to-month. The export price peaked at $3,025 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In August 2023, the highest price was recorded for prices to the Czech Republic ($3,578 per ton) and Hong Kong SAR ($2,825 per ton), while the average price for exports to Sweden ($2,404 per ton) and Cyprus ($2,509 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Albumins; Egg Albumin, Not Dried in Denmark (CIF) - 2022

In 2022, the average import price for albumins; egg albumin, not drieds amounted to $810 per ton, declining by -10.3% against the previous year. Overall, the import price recorded a precipitous decrease. The most prominent rate of growth was recorded in 2013 an increase of 357%. As a result, import price attained the peak level of $230,950 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to -12.9% per year.

Exports of Albumins; Egg Albumin, Not Dried in Denmark

In 2022, approx. 1.2K tons of albumins; egg albumin, not drieds were exported from Denmark; with an increase of 15% compared with the previous year's figure. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, albumins; egg albumin, not dried exports skyrocketed to $2.5M in 2022. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Albumins; Egg Albumin, Not Dried from Denmark in 2022:

1. Sweden (551.3 tons)
2. Netherlands (216.1 tons)
3. South Korea (209.0 tons)
4. Hong Kong SAR (44.8 tons)
5. Austria (39.3 tons)
6. Cyprus (31.1 tons)

Imports of Albumins; Egg Albumin, Not Dried in Denmark

After three years of growth, purchases abroad of albumins; egg albumin, not drieds decreased by -73% to 6.1 tons in 2022. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by 358%. As a result, imports reached the peak of 22 tons, and then reduced dramatically in the following year.

In value terms, albumins; egg albumin, not dried imports fell dramatically to $4.9K in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 462%. As a result, imports attained the peak of $20K, and then contracted rapidly in the following year.

Top Suppliers of Albumins; Egg Albumin, Not Dried to Denmark in 2022:

1. Norway (6.1 tons)

Source: IndexBox Market Intelligence Platform