ASEAN: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in ASEAN

The ASEAN albumins and albuminates market declined remarkably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, recorded a strong increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced remarkably in the following year.

Albumins And Albuminates Production in ASEAN

In value terms, albumins and albuminates production reduced notably to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports in ASEAN

In 2022, the amount of albumins, albuminates and other derivatives (excluding egg albumin) exported in ASEAN totaled X tons, growing by X% compared with 2021. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, albumins and albuminates exports soared to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Singapore dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), constituting a X% share of total exports. The following exporters - Thailand (X tons) and Myanmar (X tons) - together made up X% of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Myanmar (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest albumins and albuminates supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price enjoyed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports in ASEAN

In 2022, approx. X tons of albumins, albuminates and other derivatives (excluding egg albumin) were imported in ASEAN; which is down by X% compared with 2021 figures. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined notably in the following year.

In value terms, albumins and albuminates imports reduced to $X in 2022. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Singapore was the main importer of albumins, albuminates and other derivatives (excluding egg albumin) in ASEAN, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Indonesia (X tons) held the second position in the ranking, followed by Thailand (X tons), Vietnam (X tons) and Malaysia (X tons). All these countries together took approx. X% share of total imports. The Philippines (X tons) took a little share of total imports.

Singapore was also the fastest-growing in terms of the albumins, albuminates and other derivatives (excluding egg albumin) imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), Indonesia (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Thailand and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, picking up by X% against the previous year. In general, the import price enjoyed moderate growth. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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