GCC: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in GCC

After two years of growth, the GCC albumins and albuminates market decreased by X% to $X in 2022. In general, consumption, however, recorded a noticeable setback. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced rapidly in the following year.

Albumins And Albuminates Production in GCC

In value terms, albumins and albuminates production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Albumins And Albuminates Exports

Exports in GCC

In 2022, shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin) was finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a slight decrease. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, albumins and albuminates exports shrank to $X in 2022. Overall, exports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the key exporter of albumins, albuminates and other derivatives (excluding egg albumin) in GCC, committing X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the albumins, albuminates and other derivatives (excluding egg albumin) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest albumins and albuminates supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Albumins And Albuminates Imports

Imports in GCC

In 2022, after two years of growth, there was significant decline in overseas purchases of albumins, albuminates and other derivatives (excluding egg albumin), when their volume decreased by X% to X tons. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, albumins and albuminates imports dropped markedly to $X in 2022. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the major importer of albumins, albuminates and other derivatives (excluding egg albumin), committing X% of total imports. It was distantly followed by Kuwait (X tons), achieving a X% share of total imports. Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to albumins and albuminates imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait and Qatar increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported albumins, albuminates and other derivatives (excluding egg albumin) in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports.

In the United Arab Emirates, albumins and albuminates imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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