
Kuwait - Albumins, Albuminates and Other Derivatives (Excluding Egg Albumin) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Kuwait: Albumins And Albuminates Market 2022
Albumins And Albuminates Market Size in Kuwait
The Kuwaiti albumins and albuminates market dropped notably to $X in 2021, shrinking by -63.4% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Albumins and albuminates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.
Albumins And Albuminates Imports
Imports into Kuwait
Albumins and albuminates imports into Kuwait fell dramatically to X tons in 2021, declining by -76.2% against the year before. Overall, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2016 with an increase of 110%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, albumins and albuminates imports dropped significantly to $X in 2021. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 106% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, Denmark (X tons) constituted the largest albumins and albuminates supplier to Kuwait, accounting for a 88% share of total imports. Moreover, albumins and albuminates imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-23.8% per year) and the United Arab Emirates (+0.1% per year).
In value terms, Germany ($X) constituted the largest supplier of albumins and albuminates to Kuwait, comprising 64% of total imports. The second position in the ranking was held by Denmark ($X), with a 19% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+30.0% per year) and the United Arab Emirates (+22.3% per year).
Import Prices by Country
In 2021, the average albumins and albuminates import price amounted to $X per ton, picking up by 185% against the previous year. Overall, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+757.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the albumins and albuminates market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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