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

Contents:

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

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

In January 2024, the average import price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $10,697 per ton, jumping by 83% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 135% month-to-month. As a result, import price attained the peak level of $12,625 per ton. From August 2023 to January 2024, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($11,642 per ton), while the price for the Netherlands stood at $9,687 per ton.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $9,295 per ton, surging by 53% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2016 an increase of 123% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($10,138 per ton), while the average price for exports to Cyprus totaled $7,043 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+14.7%).

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

In 2022, approx. 368 tons of albumins; milk albumin, including concentrates of two or more whey proteinses were imported into Turkey; picking up by 2.3% compared with the previous year's figure. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses skyrocketed to $3.2M in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 65%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland0.61305551,2381173.1%
Germany2872.84601,22162.0%
United States0.49089676031046.6%
Netherlands694663N/A145-40.7%
Others73.635.929.633.8-22.8%
Total1,0561,7402,0113,24245.3%

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

  1. United States (147.5 tons)
  2. Poland (112.8 tons)
  3. Germany (93.7 tons)
  4. Netherlands (10.4 tons)

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

Exports of albumins; milk albumin, including concentrates of two or more whey proteinses from Turkey shrank sharply to 25 tons in 2022, waning by -62.1% compared with the previous year. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 3,385% against the previous year. As a result, the exports reached the peak of 65 tons, and then shrank notably in the following year.

In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses fell markedly to $230K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 3,525% against the previous year. As a result, the exports attained the peak of $396K, and then shrank significantly in the following year.

Export of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran43.1N/A38618261.6%
CyprusN/A10.910.647.4108.5%
OthersN/AN/AN/AN/A0%
Total43.110.939623074.7%

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

  1. Iran (18.0 tons)
  2. Cyprus (6.7 tons)

Source: IndexBox Market Intelligence Platform

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