Iran: Albumins And Albuminates Market 2022

Albumins And Albuminates Market Size in Iran

In 2021, the Iranian albumins and albuminates market increased by 27% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports from Iran

For the fourth year in a row, Iran recorded decline in overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin), which decreased by 0% to X tons in 2021. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 106% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, albumins and albuminates exports stood at $X in 2021. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 58%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Armenia (X tons) was the main destination for albumins and albuminates exports from Iran, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Armenia was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Armenia was relatively modest.

Export Prices by Country

The average albumins and albuminates export price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price saw a dramatic downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Armenia amounted to 0.0% per year.

Albumins And Albuminates Imports

Imports into Iran

In 2021, supplies from abroad of albumins, albuminates and other derivatives (excluding egg albumin) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 79%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, albumins and albuminates imports skyrocketed to $X in 2021. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 96% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the United Arab Emirates (X tons) and Canada (X tons) were the main suppliers of albumins and albuminates imports to Iran, together comprising 54% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +63.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of albumins and albuminates to Iran, comprising 29% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +65.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.4% per year) and Turkey (+17.4% per year).

Import Prices by Country

In 2021, the average albumins and albuminates import price amounted to $X per ton, increasing by 18% against the previous year. In general, the import price, however, showed a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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