Argentina: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Argentina

In 2021, the Argentinian albumins and albuminates market decreased by -55.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a deep downturn. Albumins and albuminates consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Albumins And Albuminates Production in Argentina

In value terms, albumins and albuminates production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a mild downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports from Argentina

In 2021, overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin) increased by 81% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a measured increase. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, albumins and albuminates exports surged to $X in 2021. Over the period under review, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Brazil (X tons) and Russia (X tons) were the main destinations of albumins and albuminates exports from Argentina, with a combined 72% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +60.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for albumins, albuminates and other derivatives (excluding egg albumin) exports from Argentina, comprising 50% of total exports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total exports. It was followed by China, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.2% per year) and China (-4.8% per year).

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, surging by 4.3% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2017 an increase of 43% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 Mexico ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports into Argentina

In 2021, after three years of growth, there was significant decline in purchases abroad of albumins, albuminates and other derivatives (excluding egg albumin), when their volume decreased by -21.8% to X tons. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 277%. Over the period under review, imports hit record highs at X tons in 2020, and then fell rapidly in the following year.

In value terms, albumins and albuminates imports dropped notably to $X in 2021. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 175%. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of albumins and albuminates to Argentina, accounting for a 41% share of total imports. Moreover, albumins and albuminates imports from Belgium exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+9.5% per year) and the United States (+20.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of albumins, albuminates and other derivatives (excluding egg albumin) to Argentina, comprising 33% of total imports. The second position in the ranking was taken by Denmark ($X), with an 8.8% share of total imports. It was followed by the United States, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+10.9% per year) and the United States (+9.2% per year).

Import Prices by Country

In 2021, the average albumins and albuminates import price amounted to $X per ton, reducing by -2.3% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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