Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States - 2023
Contents:
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States (FOB) - 2023
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States (CIF) - 2023
- Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States
- Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States (FOB) - 2023
In December 2023, the average export price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $7,883 per ton, growing by 19% against the previous month. Over the period under review, the export price, however, continues to indicate a perceptible descent. The export price peaked at $11,448 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was the Netherlands ($21,207 per ton), while the average price for exports to the UK ($5,058 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.4%), while the prices for the other major destinations experienced a decline.
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States (CIF) - 2023
In December 2023, the average import price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $8,648 per ton, with a decrease of -3.2% against the previous month. Overall, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in July 2023 an increase of 53% m-o-m. The import price peaked at $12,933 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($13,216 per ton), while the price for Poland ($4,922 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (-0.7%), while the prices for the other major suppliers experienced a decline.
Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States
For the fourth year in a row, the United States recorded growth in shipments abroad of albumins; milk albumin, including concentrates of two or more whey proteinses, which increased by 4.9% to 66K tons in 2022. The total export volume increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses surged to $780M in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 33.3 | 42.8 | 81.7 | 154 | 66.6% |
| Canada | 78.1 | 69.6 | 93.3 | 129 | 18.2% |
| China | 60.3 | 84.8 | 83.2 | 99.7 | 18.2% |
| South Korea | 12.2 | 15.4 | 33.5 | 58.1 | 68.2% |
| Brazil | 13.0 | 13.2 | 21.2 | 46.7 | 53.2% |
| Netherlands | 16.3 | 24.4 | 33.0 | 44.8 | 40.1% |
| United Kingdom | 0.8 | 20.7 | 22.3 | 30.7 | 237.3% |
| India | 33.6 | 14.3 | 18.7 | 30.0 | -3.7% |
| Australia | 11.6 | 11.3 | 13.9 | 27.2 | 32.9% |
| Singapore | 9.8 | 11.2 | 14.3 | 25.2 | 37.0% |
| Mexico | 13.6 | 4.3 | 13.6 | 19.6 | 13.0% |
| Thailand | 3.5 | 4.4 | 4.3 | 14.1 | 59.1% |
| Vietnam | 7.5 | 6.0 | 4.8 | 8.1 | 2.6% |
| Others | 51.1 | 41.7 | 57.9 | 93.4 | 22.3% |
| Total | 345 | 364 | 496 | 780 | 31.2% |
Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from the United States in 2022:
- Japan (13.6K tons)
- China (9.7K tons)
- Canada (9.4K tons)
- South Korea (4.8K tons)
- Brazil (4.0K tons)
- India (3.0K tons)
- United Kingdom (2.8K tons)
- Netherlands (2.5K tons)
- Singapore (2.3K tons)
- Australia (1.9K tons)
- Mexico (1.7K tons)
- Vietnam (1.7K tons)
- Thailand (1.2K tons)
Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States
In 2022, the amount of albumins; milk albumin, including concentrates of two or more whey proteinses imported into the United States shrank markedly to 11K tons, with a decrease of -18.8% compared with 2021. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, imports reached the peak of 14K tons, and then reduced remarkably in the following year.
In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses skyrocketed to $131M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +105.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 76%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 36.7 | 23.1 | 37.6 | 50.4 | 11.2% |
| Denmark | 22.6 | 13.6 | 29.5 | 37.6 | 18.5% |
| United Kingdom | 6.4 | 6.2 | 12.1 | 19.9 | 46.0% |
| Ireland | 11.1 | 8.3 | 10.2 | 8.8 | -7.4% |
| Germany | 7.3 | 2.7 | 7.1 | 3.3 | -23.3% |
| Norway | 10.9 | 0.8 | 0.4 | 3.1 | -34.2% |
| Iceland | 1.3 | 1.1 | 1.5 | 2.5 | 24.4% |
| Netherlands | 2.0 | 5.7 | 4.1 | 0.1 | -63.2% |
| Others | 3.7 | 2.4 | 9.7 | 5.5 | 14.1% |
| Total | 102 | 63.8 | 112 | 131 | 8.7% |
Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to the United States in 2022:
- New Zealand (5.2K tons)
- Denmark (2.6K tons)
- United Kingdom (1.6K tons)
- Ireland (0.7K tons)
- Iceland (0.3K tons)
- Norway (0.3K tons)
- Germany (0.2K tons)
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