Bangladesh: Albumins And Albuminates Market 2022

Albumins And Albuminates Market Size in Bangladesh

In 2021, the Bangladeshi albumins and albuminates market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption showed a resilient expansion. Albumins and albuminates consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Albumins And Albuminates Imports

Imports into Bangladesh

In 2021, supplies from abroad of albumins, albuminates and other derivatives (excluding egg albumin) was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports continue to indicate mild growth. The growth pace was the most rapid in 2014 with an increase of 69% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, albumins and albuminates imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of albumins and albuminates to Bangladesh, accounting for a 69% share of total imports. Moreover, albumins and albuminates imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +40.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.1% per year) and Singapore (-0.6% per year).

In value terms, the UK ($X) constituted the largest supplier of albumins and albuminates to Bangladesh, comprising 77% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +146.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and Singapore (-0.4% per year).

Import Prices by Country

The average albumins and albuminates import price stood at $X per ton in 2021, rising by 57% against the previous year. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 80%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+140.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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