Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada - 2024

Contents:

1. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada (CIF) - 2024
2. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada (FOB) - 2022
3. Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada
4. Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada

Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada (CIF) - 2024

In January 2024, the average import price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $10,279 per ton, increasing by 12% against the previous month. Overall, the import price, however, saw a mild downturn. The import price peaked at $11,821 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was New Zealand ($12,456 per ton), while the price for Denmark ($9,997 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (-1.2%), while the prices for the other major suppliers experienced a decline.

Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada (FOB) - 2022

In 2022, the average export price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $4,636 per ton, reducing by -41.9% against the previous year. Overall, the export price, however, enjoyed moderate growth. The growth pace was the most rapid in 2021 an increase of 254%. As a result, the export price reached the peak level of $7,984 per ton, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($13,681 per ton), while the average price for exports to the Czech Republic ($1,744 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 (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada

Imports of albumins; milk albumin, including concentrates of two or more whey proteinses into Canada dropped modestly to 9.6K tons in 2022, remaining constant against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of 9.6K tons, leveling off in the following year.

In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses skyrocketed to $130M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 +84.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to Canada in 2022:

1. United States (8.5K tons)
2. New Zealand (0.8K tons)
3. Denmark (0.2K tons)

Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Canada

In 2022, shipments abroad of albumins; milk albumin, including concentrates of two or more whey proteinses increased by 247% to 328 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt downturn.

In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses soared to $1.5M in 2022. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from Canada in 2022:

1. India (117.2 tons)
2. United States (78.6 tons)
3. Spain (77.3 tons)
4. Poland (23.3 tons)
5. Malaysia (17.2 tons)
6. Czech Republic (8.4 tons)

Source: IndexBox Market Intelligence Platform