Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in South Korea - 2022

Contents:

1. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in South Korea (CIF) - 2022
2. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in South Korea (FOB) - 2022
3. Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in South Korea
4. Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in South Korea

Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in South Korea (CIF) - 2022

In December 2022, the average import price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $17,117 per ton, increasing by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($24,152 per ton), while the price for the Netherlands ($11,324 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in South Korea (FOB) - 2022

In 2022, the average export price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $20,044 per ton, increasing by 55% against the previous year. Overall, the export price, however, showed a dramatic downturn. The growth pace was the most rapid in 2017 when the average export price increased by 123%. The export price peaked at $414,364 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($29,400 per ton), while the average price for exports to New Zealand stood at $1,333 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+87.7%), 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 South Korea

For the fourth year in a row, South Korea recorded growth in supplies from abroad of albumins; milk albumin, including concentrates of two or more whey proteinses, which increased by 13% to 7.3K tons in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 47%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses surged to $104M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to South Korea in 2022:

1. United States (4.6K tons)
2. Denmark (1.0K tons)
3. New Zealand (1.0K tons)
4. Germany (0.4K tons)
5. Netherlands (0.3K tons)

Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in South Korea

After two years of decline, shipments abroad of albumins; milk albumin, including concentrates of two or more whey proteinses decreased by -50.5% to 45 kg in 2022. Over the period under review, exports faced a significant decrease.

In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses reduced remarkably to $902 in 2022. In general, exports continue to indicate a sharp shrinkage.

Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from South Korea in 2022:

1. Taiwan (Chinese) (30.0 kg)
2. New Zealand (15.0 kg)

Source: IndexBox Market Intelligence Platform