Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Spain - 2023

Contents:

1. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Spain (CIF) - 2023
2. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Spain (FOB) - 2022
3. Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Spain
4. Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Spain

Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Spain (CIF) - 2023

In November 2023, the average import price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $11,165 per ton, declining by -2.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average import price increased by 40% m-o-m. The import price peaked at $12,377 per ton in April 2023; however, from May 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($22,341 per ton), while the price for the Netherlands ($6,377 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.7%), 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 Spain (FOB) - 2022

In 2022, the average export price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $14,011 per ton, with an increase of 24% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 141%. Over the period under review, the average export prices reached the peak figure at $19,613 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($21,444 per ton), while the average price for exports to the United States ($12,807 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 (+10.7%), 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 Spain

In 2022, approx. 4.2K tons of albumins; milk albumin, including concentrates of two or more whey proteinses were imported into Spain; which is down by -6% compared with 2021 figures. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports reached the peak of 4.4K tons, and then contracted in the following year.

In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses expanded remarkably to $47M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. United States (1230.1 tons)
2. Germany (836.0 tons)
3. Denmark (594.5 tons)
4. Netherlands (588.1 tons)
5. Ireland (342.0 tons)
6. France (232.0 tons)
7. Lithuania (142.8 tons)

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

In 2022, the amount of albumins; milk albumin, including concentrates of two or more whey proteinses exported from Spain shrank markedly to 150 tons, falling by -28.7% on the year before. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 923%. As a result, the exports reached the peak of 210 tons, and then contracted dramatically in the following year.

In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses contracted to $2.1M in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,199% against the previous year. As a result, the exports attained the peak of $2.4M, and then contracted in the following year.

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

1. United States (89.9 tons)
2. Netherlands (21.6 tons)
3. Portugal (16.8 tons)
4. Belgium (9.0 tons)
5. Germany (5.6 tons)
6. Poland (0.9 tons)

Source: IndexBox Market Intelligence Platform