Myanmar: Albumins And Albuminates Market 2022

Albumins And Albuminates Market Size in Myanmar

In 2021, the Myanmar's albumins and albuminates market increased by 638% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption recorded a significant expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Albumins And Albuminates Production in Myanmar

In value terms, albumins and albuminates production reduced slightly to $X in 2021 estimated in export price. In general, production showed a mild setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 19% against the previous year. Albumins and albuminates production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports from Myanmar

In 2021, overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin) increased by 0.5% to X tons, rising for the seventh consecutive year after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 59% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, albumins and albuminates exports stood at $X in 2021. In general, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2019 when exports increased by 6.7%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

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

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

In value terms, Sri Lanka ($X) also remains the key foreign market for albumins and albuminates exports from Myanmar.

From 2012 to 2021, the average annual growth rate of value to Sri Lanka stood at -3.6%.

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price saw a perceptible decline. The pace of growth appeared the most rapid in 2013 an increase of 33%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Sri Lanka amounted to -3.7% per year.

Albumins And Albuminates Imports

Imports into Myanmar

In 2021, approx. X tons of albumins, albuminates and other derivatives (excluding egg albumin) were imported into Myanmar; jumping by 810% against the year before. In general, imports posted a significant increase. The growth pace was the most rapid in 2014 when imports increased by 4,442%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, albumins and albuminates imports soared to $X in 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 4,525% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) was the main supplier of albumins and albuminates to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +179.7%.

In value terms, China ($X) constituted the largest supplier of albumins and albuminates to Myanmar.

From 2012 to 2021, the average annual growth rate of value from China totaled +185.2%.

Import Prices by Country

The average albumins and albuminates import price stood at $X per ton in 2021, waning by -27.3% against the previous year. In general, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.5% per year.

Source: IndexBox Market Intelligence Platform

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