Report Republic of Korea - Albumins, Albuminates and Other Derivatives (Excluding Egg Albumin) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 13, 2022

Republic of Korea - Albumins, Albuminates and Other Derivatives (Excluding Egg Albumin) - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Albumins And Albuminates Market 2022

Albumins And Albuminates Market Size in Republic of Korea

In 2021, the South Korean albumins and albuminates market increased by 44% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption recorded strong growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Albumins And Albuminates Exports

Exports from Republic of Korea

Albumins and albuminates exports from South Korea declined rapidly to X tons in 2021, dropping by -92.4% compared with 2020. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 9,947% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, albumins and albuminates exports dropped dramatically to $X in 2021. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 4,339%. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

Italy (X tons), Cambodia (X kg) and Vietnam (X kg) were the main destinations of albumins and albuminates exports from South Korea, together accounting for 94% of total exports.

From 2012 to 2021, the biggest increases were in Cambodia (with a CAGR of +51.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for albumins and albuminates exported from South Korea were Cambodia ($X), Italy ($X) and Vietnam ($X), with a combined 83% share of total exports.

Cambodia, with a CAGR of +46.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average albumins and albuminates export price stood at $X per ton in 2021, growing by 121% against the previous year. In general, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 144% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+88.9%), while the prices for the other major destinations experienced mixed trend patterns.

Albumins And Albuminates Imports

Imports into Republic of Korea

In 2021, purchases abroad of albumins, albuminates and other derivatives (excluding egg albumin) increased by 20% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 75%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, albumins and albuminates imports soared to $X in 2021. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 57%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest albumins and albuminates supplier to South Korea, accounting for a 72% share of total imports. Moreover, albumins and albuminates imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), sevenfold. The third position in this ranking was taken by Denmark (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+6.0% per year) and Denmark (+0.2% per year).

In value terms, the United States ($X) constituted the largest supplier of albumins and albuminates to South Korea, comprising 65% of total imports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total imports. It was followed by New Zealand, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-0.4% per year) and New Zealand (+4.5% per year).

Import Prices by Country

In 2021, the average albumins and albuminates import price amounted to $X per ton, picking up by 26% against the previous year. Overall, the import price, however, showed a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for albumins, albuminates and other derivatives (excluding egg albumin) in the world?
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The countries with the highest volumes of consumption in 2021 were China, Japan and India, with a combined 34% share of global consumption. These countries were followed by Denmark, France, Canada, Singapore, Italy, New Zealand, Brazil, South Korea, Spain and the United States, which together accounted for a further 37%.
What are the largest producers of albumins, albuminates and other derivatives (excluding egg albumin) in the world?
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The countries with the highest volumes of production in 2021 were the United States, New Zealand and Germany, with a combined 51% share of global production. The Netherlands, Italy, France, Lithuania, Argentina, Belgium, Ireland, Australia, Norway and Portugal lagged somewhat behind, together comprising a further 45%.
What are the leading suppliers of albumins, albuminates and other derivatives (excluding egg albumin) to Republic of Korea?
+
In value terms, the United States constituted the largest supplier of albumins and albuminates to South Korea, comprising 65% of total imports. The second position in the ranking was held by Denmark, with a 12% share of total imports. It was followed by New Zealand, with a 10% share.
What are the leading importers of albumins, albuminates and other derivatives (excluding egg albumin) from Republic of Korea?
+
In value terms, Cambodia, Italy and Vietnam were the largest markets for albumins and albuminates exported from South Korea worldwide, together comprising 83% of total exports.
What is the average export price for albumins, albuminates and other derivatives (excluding egg albumin) in Republic of Korea?
+
In 2021, the average albumins and albuminates export price amounted to $15,323 per ton, surging by 121% against the previous year.
What is the average import price for albumins, albuminates and other derivatives (excluding egg albumin) in Republic of Korea?
+
In 2021, the average albumins and albuminates import price amounted to $10,279 per ton, picking up by 26% against the previous year.

This report provides an in-depth analysis of the albumins and albuminates market in Republic of Korea. 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.


Product coverage:
• Prodcom 20596050 - Albumins, albuminates and other derivatives (excluding egg albumin)
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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