Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Saudi Arabia - 2022
Contents:
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Saudi Arabia (CIF) - 2022
- Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Saudi Arabia
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Saudi Arabia (CIF) - 2022
The average import price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $6,883 per ton in 2022, declining by -2.9% against the previous year. Over the period under review, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 an increase of 29% against the previous year. As a result, import price reached the peak level of $12,215 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,864 per ton), while the price for the UK ($3,067 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.0%), while the prices for the other major suppliers experienced a decline.
Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Saudi Arabia
In 2022, after three years of growth, there was decline in supplies from abroad of albumins; milk albumin, including concentrates of two or more whey proteinses, when their volume decreased by -0.6% to 3K tons. The total import volume increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 44%.
In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses shrank to $21M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48%.
| Import of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 2.6 | 5.8 | 6.8 | 6.9 | 38.4% |
| France | 2.0 | 3.0 | 4.5 | 4.5 | 31.0% |
| Denmark | 6.3 | 4.7 | 2.3 | 4.4 | -11.3% |
| Germany | 1.5 | 2.0 | 3.3 | 3.4 | 31.4% |
| United Kingdom | 0.9 | 2.0 | 1.3 | 1.4 | 15.9% |
| Australia | N/A | 1.9 | 1.7 | N/A | -10.5% |
| United States | N/A | 0.6 | 1.5 | N/A | 150.0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 13.5 | 20.0 | 21.5 | 20.7 | 15.3% |
Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to Saudi Arabia in 2022:
- New Zealand (1068.3 tons)
- France (549.1 tons)
- Denmark (536.1 tons)
- United Kingdom (455.8 tons)
- Germany (379.2 tons)
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