Iraq: Albumins And Albuminates Market 2022

Albumins And Albuminates Market Size in Iraq

In 2021, the Iraqi albumins and albuminates market increased by 7.9% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption showed a strong increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Albumins And Albuminates Imports

Imports into Iraq

For the third consecutive year, Iraq recorded growth in supplies from abroad of albumins, albuminates and other derivatives (excluding egg albumin), which increased by 14% to X tons in 2021. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 743%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, albumins and albuminates imports rose modestly to $X in 2021. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 510% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main albumins and albuminates supplier to Iraq, with a 98% share of total imports. It was followed by the Netherlands (X kg), with a 1.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +13.0%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of albumins and albuminates to Iraq, comprising 99% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +13.1%.

Import Prices by Country

The average albumins and albuminates import price stood at $X per ton in 2021, waning by -7.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 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 the United Arab Emirates ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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