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

Contents:

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

Price for Albumins; Egg Albumin, Not Dried in Italy (CIF) - 2023

The average import price for albumins; egg albumin, not drieds stood at $1,334 per ton in July 2023, dropping by -17.6% against the previous month. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 18% against the previous month. As a result, import price reached the peak level of $2,112 per ton. From December 2022 to July 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($1,866 per ton), while the price for the Netherlands ($736 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (-0.1%), while the prices for the other major suppliers experienced a decline.

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

In August 2023, the average export price for albumins; egg albumin, not drieds amounted to $2,168 per ton, reducing by -20.9% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 45% month-to-month. Over the period under review, the average export prices attained the peak figure at $3,064 per ton in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the UK ($4,624 per ton), while the average price for exports to Austria ($1,121 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Albumins; Egg Albumin, Not Dried in Italy

In 2022, the amount of albumins; egg albumin, not drieds imported into Italy skyrocketed to 18K tons, jumping by 39% compared with the year before. In general, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.4% against 2020 indices.

In value terms, albumins; egg albumin, not dried imports soared to $30M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (5.2K tons)
2. France (3.7K tons)
3. Spain (3.7K tons)
4. Poland (2.8K tons)
5. Germany (1.4K tons)
6. Austria (1.0K tons)

Exports of Albumins; Egg Albumin, Not Dried in Italy

In 2022, shipments abroad of albumins; egg albumin, not drieds decreased by -33.8% to 2.9K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 90% against the previous year. As a result, the exports reached the peak of 5.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, albumins; egg albumin, not dried exports rose to $6.4M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +61.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Spain (664.7 tons)
2. Greece (459.9 tons)
3. South Korea (412.1 tons)
4. Romania (386.8 tons)
5. France (347.2 tons)
6. Malaysia (198.5 tons)
7. Hungary (108.7 tons)

Source: IndexBox Market Intelligence Platform