Hong Kong SAR, China: Albumins And Albuminates Market 2022

Albumins And Albuminates Market Size in Hong Kong SAR, China

The Hong Kong albumins and albuminates market reduced sharply to $X in 2021, with a decrease of -51.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep downturn. Albumins and albuminates consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports from Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin), when their volume decreased by -92.8% to X kg. Overall, exports faced a precipitous decrease. The growth pace was the most rapid in 2019 with an increase of 597% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, albumins and albuminates exports contracted significantly to $X in 2021. In general, exports saw a sharp decrease. The pace of growth was the most pronounced in 2019 when exports increased by 340%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg) was the main destination for albumins and albuminates exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -30.1%.

In value terms, China ($X) also remains the key foreign market for albumins and albuminates exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -37.4%.

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, which is down by -15.4% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 109% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Macao SAR amounted to +5.1% per year.

Albumins And Albuminates Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -60.3% to X tons, falling for the third consecutive year after two years of growth. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 70%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, albumins and albuminates imports contracted markedly to $X in 2021. Over the period under review, imports recorded a sharp shrinkage. The growth pace was the most rapid in 2013 with an increase of 22%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Australia (X tons) and the United States (X kg) were the main suppliers of albumins and albuminates imports to Hong Kong SAR.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of -2.3%), while purchases for the other leaders experienced a decline.

In value terms, Australia ($X) constituted the largest supplier of albumins and albuminates to Hong Kong SAR, comprising 80% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia amounted to -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.8% per year) and the United States (-34.8% per year).

Import Prices by Country

In 2021, the average albumins and albuminates import price amounted to $X per ton, surging by 10% against the previous year. Over the period under review, the import price, however, faced a abrupt descent. The pace of growth was the most pronounced in 2013 when the average import price increased by 59% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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