Canada: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Canada

The Canadian albumins and albuminates market surged to $X in 2021, with an increase of 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.5% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Albumins And Albuminates Exports

Exports from Canada

Albumins and albuminates exports from Canada fell significantly to X tons in 2021, with a decrease of -75.1% against 2020 figures. Overall, exports saw a sharp contraction. The growth pace was the most rapid in 2015 with an increase of 78% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, albumins and albuminates exports contracted significantly to $X in 2021. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 66%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for albumins and albuminates exports from Canada, with a 80% share of total exports. Moreover, albumins and albuminates exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was held by Poland (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-29.3% per year) and Poland (-25.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for albumins, albuminates and other derivatives (excluding egg albumin) exports from Canada, comprising 95% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.2% share of total exports. It was followed by Poland, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-31.1% per year) and Poland (-27.3% per year).

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, with an increase of 214% against the previous year. In general, the export price posted a buoyant expansion. As a result, the export price attained 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 United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 United States Minor Outlying Islands (+3.1%), while the prices for the other major destinations experienced a decline.

Albumins And Albuminates Imports

Imports into Canada

Albumins and albuminates imports into Canada expanded markedly to X tons in 2021, picking up by 12% against 2020 figures. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.4% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 40% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2021.

In value terms, albumins and albuminates imports surged to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.1% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest albumins and albuminates supplier to Canada, with a 86% share of total imports. Moreover, albumins and albuminates imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +4.8%.

In value terms, the United States ($X) constituted the largest supplier of albumins, albuminates and other derivatives (excluding egg albumin) to Canada, comprising 85% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +4.0%.

Import Prices by Country

The average albumins and albuminates import price stood at $X per ton in 2021, picking up by 20% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.7%).

Source: IndexBox Platform

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