Asia: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Asia

For the seventh year in a row, the Asian albumins and albuminates market recorded growth in sales value, which increased by 31% to $X in 2021. Overall, consumption saw prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Albumins And Albuminates Production in Asia

In value terms, albumins and albuminates production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports in Asia

In 2021, overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -27.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.1% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 67%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, albumins and albuminates exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 73% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Singapore (X tons) and Israel (X tons) represented the main exporters of albumins, albuminates and other derivatives (excluding egg albumin) in Asia, together amounting to near 59% of total exports. Iran (X tons) took the next position in the ranking, followed by Turkey (X tons), China (X tons) and India (X tons). All these countries together took approx. 28% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +40.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest albumins and albuminates supplying countries in Asia were China ($X), Singapore ($X) and Israel ($X), with a combined 83% share of total exports. Turkey, India, Iran and the Philippines lagged somewhat behind, together comprising a further 8.2%.

India, with a CAGR of +32.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 110% against the previous year. In general, the export price posted moderate growth. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+16.0%), while the other leaders experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports in Asia

For the seventh year in a row, Asia recorded growth in supplies from abroad of albumins, albuminates and other derivatives (excluding egg albumin), which increased by 21% to X tons in 2021. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, albumins and albuminates imports soared to $X in 2021. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and India (X tons) represented roughly 74% of total imports in 2021. Singapore (X tons) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (6%). The following importers - Saudi Arabia (X tons) and Vietnam (X tons) - together made up 4.6% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of +48.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest albumins and albuminates importing markets in Asia were China ($X), Japan ($X) and India ($X), together accounting for 74% of total imports. Singapore, South Korea, Saudi Arabia and Vietnam lagged somewhat behind, together accounting for a further 20%.

Singapore, with a CAGR of +46.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in South Korea ($X per ton) and China ($X per ton), while India ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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