Turkey: Albumins And Albuminates Market 2022

Albumins And Albuminates Market Size in Turkey

The Turkish albumins and albuminates market expanded rapidly to $X in 2021, picking up by 14% 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 saw a buoyant increase. Albumins and albuminates consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Albumins And Albuminates Exports

Exports from Turkey

In 2021, overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin) increased by 318% to X tons, rising for the fourth consecutive year after four years of decline. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 432% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, albumins and albuminates exports soared to $X in 2021. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons) was the main destination for albumins and albuminates exports from Turkey, with a 99% share of total exports. It was followed by Thailand (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran totaled +34.0%.

In value terms, Iran ($X) remains the key foreign market for albumins and albuminates exports from Turkey, comprising 98% of total exports. The second position in the ranking was held by Thailand ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran stood at +34.8%.

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, growing by 145% against the previous year. Overall, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Iran ($X per ton), while the average price for exports to Thailand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+58.4%), while the prices for the other major destinations experienced mixed trend patterns.

Albumins And Albuminates Imports

Imports into Turkey

Albumins and albuminates imports into Turkey skyrocketed to X tons in 2021, growing by 28% against 2020. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by 140% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, albumins and albuminates imports skyrocketed to $X in 2021. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 77% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest albumins and albuminates supplier to Turkey, accounting for a 57% share of total imports. Moreover, albumins and albuminates imports from the United States exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +40.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.7% per year) and Germany (+17.2% per year).

In value terms, the United States ($X), Poland ($X) and Germany ($X) appeared to be the largest albumins and albuminates suppliers to Turkey, together comprising 85% of total imports.

The United States, with a CAGR of +28.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average albumins and albuminates import price amounted to $X per ton, rising by 1.6% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2019 an increase of 37%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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