Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK - 2023

Contents:

1. Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK (FOB) - 2022
2. Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK (CIF) - 2022
3. Exports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK
4. Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK

Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK (FOB) - 2022

In 2022, the average export price for albuminates and other albumin derivatives (excluding egg albumin)s amounted to $836,570 per ton, growing by 3% against the previous year. In general, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2017 when the average export price increased by 153%. Over the period under review, the average export prices reached the peak figure at $1,169,865 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($1,900,825 per ton), while the average price for exports to Ireland ($20,405 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK (CIF) - 2022

The average import price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $106,933 per ton in 2022, jumping by 40% against the previous year. In general, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 148%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($113,177 per ton), while the price for Ireland ($34,170 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK

In 2022, exports of albuminates and other albumin derivatives (excluding egg albumin)s from the UK skyrocketed to 43 tons, rising by 24% compared with 2021 figures. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 103% against the previous year. As a result, the exports reached the peak of 45 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of albuminates and other albumin derivatives (excluding egg albumin)s soared to $36M in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) from the UK in 2022:

1. United States (9.1 tons)
2. Germany (5.3 tons)
3. Sweden (4.6 tons)
4. Canada (4.0 tons)
5. Ireland (3.0 tons)
6. Lithuania (2.8 tons)
7. Denmark (2.6 tons)
8. Japan (2.0 tons)
9. Italy (1.6 tons)
10. Russia (1.6 tons)
11. Turkey (1.4 tons)
12. Netherlands (1.2 tons)
13. France (1.1 tons)

Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in the UK

In 2022, purchases abroad of albuminates and other albumin derivatives (excluding egg albumin)s decreased by -26.6% to 76 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 30% against the previous year. As a result, imports attained the peak of 124 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of albuminates and other albumin derivatives (excluding egg albumin)s stood at $8.2M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 31%. As a result, imports attained the peak of $9M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) to the UK in 2022:

1. United States (63.2 tons)
2. Germany (5.0 tons)
3. France (3.7 tons)
4. Ireland (2.5 tons)
5. Italy (0.2 tons)
6. Belgium (0.1 tons)

Source: IndexBox Market Intelligence Platform