Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore - 2023
Contents:
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore (CIF) - 2022
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore (FOB) - 2022
- Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore
- Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore (CIF) - 2022
The average import price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $8,085 per ton in 2022, surging by 17% against the previous year. Overall, the import price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $9,862 per ton in 2012; however, from 2013 to 2022, 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 Denmark ($20,473 per ton), while the price for Ireland ($3,727 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore (FOB) - 2022
The average export price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $11,926 per ton in 2022, increasing by 27% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 146%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($19,384 per ton), while the average price for exports to China ($1,602 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 Japan (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore
After three years of growth, overseas purchases of albumins; milk albumin, including concentrates of two or more whey proteinses decreased by -47.1% to 5.7K tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 79%. As a result, imports reached the peak of 11K tons, and then contracted markedly in the following year.
In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses shrank rapidly to $46M in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 157% against the previous year. As a result, imports attained the peak of $74M, and then shrank markedly in the following year.
| Import of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.0 | 22.3 | 26.0 | 26.9 | 10.4% |
| Poland | N/A | N/A | 16.1 | 9.6 | -40.4% |
| Germany | 1.9 | 0.7 | 1.0 | 2.3 | 6.6% |
| Denmark | 0.2 | 0.5 | 1.2 | 2.1 | 119.0% |
| Ireland | 0.9 | 2.8 | 1.8 | 2.0 | 30.5% |
| United Kingdom | N/A | N/A | 23.7 | 1.0 | -95.8% |
| France | N/A | 1.0 | 2.4 | 0.4 | -36.8% |
| New Zealand | 0.8 | 0.5 | 0.1 | N/A | -64.6% |
| Others | 1.0 | 0.8 | 1.5 | 1.3 | 9.1% |
| Total | 24.9 | 28.7 | 73.8 | 45.7 | 22.4% |
Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to Singapore in 2022:
- United States (2903.2 tons)
- Poland (1390.3 tons)
- Ireland (544.2 tons)
- Germany (407.4 tons)
- United Kingdom (120.7 tons)
- Denmark (104.4 tons)
- France (63.6 tons)
- New Zealand (2.2 tons)
Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore
For the fourth consecutive year, Singapore recorded growth in shipments abroad of albumins; milk albumin, including concentrates of two or more whey proteinses, which increased by 73% to 745 tons in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses surged to $8.9M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 264% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 2.2 | 2,682 | 5,664 | 4974.0% |
| Malaysia | 2.8 | 15.0 | 712 | 1,565 | 723.7% |
| India | 40.3 | 352 | 521 | 1,106 | 201.6% |
| Philippines | 1.1 | N/A | N/A | 124 | 383.1% |
| Indonesia | 558 | 347 | 80.4 | 1.2 | -87.1% |
| China | N/A | 234 | 34.3 | 0.3 | -96.4% |
| Canada | 711 | N/A | N/A | N/A | 0% |
| Others | 7.3 | 158 | 5.6 | 420 | 286.0% |
| Total | 1,321 | 1,108 | 4,036 | 8,880 | 88.7% |
Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from Singapore in 2022:
- Japan (292.2 tons)
- Malaysia (283.0 tons)
- India (114.1 tons)
- Philippines (41.1 tons)
- Indonesia (0.2 tons)
- China (0.2 tons)
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