Middle East: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in the Middle East

In 2022, the Middle Eastern albumins and albuminates market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate prominent growth. The level of consumption peaked at $X in 2021, and then dropped remarkably in the following year.

Albumins And Albuminates Production in the Middle East

In value terms, albumins and albuminates production fell to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Albumins And Albuminates Exports

Exports in the Middle East

In 2022, approx. X tons of albumins, albuminates and other derivatives (excluding egg albumin) were exported in the Middle East; with a decrease of X% compared with 2021 figures. In general, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, albumins and albuminates exports fell markedly to $X in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Israel was the key exporting country with an export of about X tons, which reached X% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%).

From 2012 to 2022, average annual rates of growth with regard to albumins and albuminates exports from Israel stood at X%. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, Israel ($X) remains the largest albumins and albuminates supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Israel, albumins and albuminates exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced shrinkage. 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 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Albumins And Albuminates Imports

Imports in the Middle East

In 2022, supplies from abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, albumins and albuminates imports contracted significantly to $X in 2022. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, Iran (X tons), distantly followed by Israel (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Syrian Arab Republic (X tons) represented the main importers of albumins, albuminates and other derivatives (excluding egg albumin), together making up X% of total imports. Lebanon (X tons) and Kuwait (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest albumins and albuminates importing markets in the Middle East were Iran ($X), Israel ($X) and Turkey ($X), with a combined X% share of total imports. The United Arab Emirates, Lebanon, Syrian Arab Republic and Kuwait lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($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 more modest paces of growth.

Source: IndexBox Platform

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