Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary - 2023
Contents:
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary (CIF) - 2023
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary (FOB) - 2022
- Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary
- Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary (CIF) - 2023
The average import price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $6,738 per ton in October 2023, picking up by 2% against the previous month. In general, the import price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 28% month-to-month. Over the period under review, average import prices hit record highs at $12,169 per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($30,645 per ton), while the price for Poland ($5,613 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary (FOB) - 2022
In 2022, the average export price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $13,752 per ton, growing by 93% against the previous year. In general, the export price showed a moderate expansion. Over the period under review, the average export prices reached the maximum at $16,652 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($17,513 per ton), while the average price for exports to Slovakia ($10,549 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 Slovakia (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary
After three years of growth, overseas purchases of albumins; milk albumin, including concentrates of two or more whey proteinses decreased by -19.3% to 4.3K tons in 2022. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 32%.
In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses soared to $56M in 2022. In general, imports, however, saw a significant increase. As a result, imports reached 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 Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.3 | 11.3 | 17.8 | 24.0 | 56.2% |
| Netherlands | 9.9 | 5.6 | 10.8 | 13.3 | 10.3% |
| Germany | 4.4 | 8.4 | 5.6 | 11.5 | 37.7% |
| France | 0.4 | 0.8 | 0.9 | 4.0 | 115.4% |
| Lithuania | 0.1 | 0.2 | 2.9 | 2.0 | 171.4% |
| United Kingdom | 4.0 | 3.0 | N/A | 0.3 | -57.8% |
| Denmark | 0.7 | 1.8 | 2.0 | N/A | 69.0% |
| Others | 0.1 | 0.3 | 0.8 | 0.7 | 91.3% |
| Total | 26.0 | 31.5 | 40.8 | 55.7 | 28.9% |
Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to Hungary in 2022:
- Poland (1965.4 tons)
- Netherlands (962.9 tons)
- Germany (847.1 tons)
- France (265.3 tons)
- Lithuania (178.8 tons)
- United Kingdom (27.2 tons)
Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Hungary
In 2022, shipments abroad of albumins; milk albumin, including concentrates of two or more whey proteinses decreased by -10.1% to 141 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a pronounced slump. The pace of growth was the most pronounced in 2020 when exports increased by 41% against the previous year. As a result, the exports attained the peak of 231 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses soared to $1.9M in 2022. Overall, exports, however, showed a significant 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 Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.2 | 67.7 | 49.5 | 808 | 437.6% |
| Slovakia | 655 | 668 | 887 | 543 | -6.1% |
| Czech Republic | 60.8 | 26.3 | 16.3 | 295 | 69.3% |
| Croatia | 0.3 | 99.2 | 0.2 | 47.2 | 439.9% |
| Slovenia | 57.5 | 41.2 | 72.7 | 45.0 | -7.8% |
| France | 0.4 | N/A | 3.3 | 30.6 | 324.5% |
| Netherlands | 4.7 | 361 | 2.3 | 5.9 | 7.9% |
| Others | 109 | 112 | 86.3 | 163 | 14.4% |
| Total | 893 | 1,375 | 1,118 | 1,938 | 29.5% |
Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from Hungary in 2022:
- Slovakia (51.5 tons)
- Germany (49.7 tons)
- Czech Republic (18.2 tons)
- Croatia (4.2 tons)
- Slovenia (3.4 tons)
- France (2.8 tons)
- Netherlands (0.3 tons)
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