Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia - 2024
Contents:
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia (FOB) - 2022
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia (CIF) - 2024
- Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia
- Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia (FOB) - 2022
The average export price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $25,684 per ton in 2022, rising by 98% against the previous year. Overall, the export price enjoyed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($641,243 per ton), while the average price for exports to Singapore ($4,716 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 (+57.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia (CIF) - 2024
In January 2024, the average import price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $8,179 per ton, picking up by 38% against the previous month. Over the period under review, the import price, however, recorded a perceptible setback. Over the period under review, average import prices reached the peak figure at $12,746 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Norway ($10,664 per ton) and the United States ($9,542 per ton), while the price for New Zealand ($7,191 per ton) and the UK ($8,632 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (-1.0%), while the prices for the other major suppliers experienced a decline.
Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia
In 2022, the amount of albumins; milk albumin, including concentrates of two or more whey proteinses exported from Australia expanded modestly to 4.7K tons, picking up by 3.3% on the previous year. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, the exports attained the peak of 5.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses soared to $122M in 2022. In general, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.1 | 2.2 | 9.6 | 56.0 | 109.4% |
| China | 38.2 | 28.8 | 19.9 | 33.6 | -4.2% |
| Japan | 6.2 | 9.7 | 11.7 | 13.7 | 30.2% |
| Indonesia | 2.5 | 2.0 | 3.1 | 4.1 | 17.9% |
| Italy | N/A | N/A | 1.4 | 3.2 | 128.6% |
| United States | 3.2 | 2.6 | 3.8 | 2.7 | -5.5% |
| New Zealand | 7.8 | 3.5 | 2.0 | 2.1 | -35.4% |
| Vietnam | 0.1 | 0.2 | 1.3 | 1.3 | 135.1% |
| Taiwan (Chinese) | 0.6 | 0.9 | N/A | 1.0 | 18.6% |
| India | 0.8 | 2.0 | 0.7 | 0.7 | -4.4% |
| Russia | 2.0 | 0.7 | 1.2 | N/A | -22.5% |
| Singapore | 0.1 | 2.6 | 1.4 | N/A | 274.2% |
| Saudi Arabia | 0.2 | 2.9 | 1.8 | N/A | 200.0% |
| Others | 4.1 | 3.6 | 1.7 | 3.5 | -5.1% |
| Total | 71.7 | 61.7 | 59.6 | 122 | 19.4% |
Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from Australia in 2022:
- China (2301.5 tons)
- Japan (1058.2 tons)
- Indonesia (342.6 tons)
- United States (210.7 tons)
- Italy (195.5 tons)
- New Zealand (128.9 tons)
- Vietnam (99.1 tons)
- Taiwan (Chinese) (89.7 tons)
- Netherlands (87.4 tons)
- India (52.5 tons)
- Singapore (3.0 tons)
Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia
In 2022, overseas purchases of albumins; milk albumin, including concentrates of two or more whey proteinses decreased by -6.9% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 30% against the previous year.
In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses soared to $20M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.7 | 3.6 | 5.5 | 9.6 | 37.4% |
| United States | 5.0 | 6.4 | 5.3 | 4.0 | -7.2% |
| Ireland | 0.5 | 0.9 | 1.5 | 1.8 | 53.3% |
| Norway | N/A | N/A | N/A | 1.5 | 0% |
| United Kingdom | 0.1 | N/A | 0.6 | 1.1 | 122.4% |
| Netherlands | 0.1 | 0.1 | N/A | 0.9 | 108.0% |
| Germany | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Others | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Total | 9.7 | 11.4 | 13.3 | 19.8 | 26.9% |
Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to Australia in 2022:
- New Zealand (705.2 tons)
- United States (312.6 tons)
- Ireland (167.5 tons)
- Norway (115.1 tons)
- Germany (88.2 tons)
- Netherlands (78.3 tons)
- United Kingdom (63.4 tons)
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