CIS: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in CIS

In 2021, the CIS albumins and albuminates market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed a significant expansion. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Albumins And Albuminates Production in CIS

In value terms, albumins and albuminates production shrank rapidly to $X in 2021 estimated in export price. In general, production, however, showed a moderate expansion. The growth pace was the most rapid in 2020 with an increase of 101%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Albumins And Albuminates Exports

Exports in CIS

In 2021, shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -35.8% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports recorded a noticeable decline. The growth pace was the most rapid in 2017 when exports increased by 379% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, albumins and albuminates exports declined notably to $X in 2021. In general, exports saw a slight downturn. The growth pace was the most rapid in 2017 with an increase of 413% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) and Belarus (X tons) prevails in exports structure, together mixing up 96% of total exports. Kazakhstan (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +26.5%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Russia ($X) emerged as the largest albumins and albuminates supplier in the CIS, comprising 73% of total exports. The second position in the ranking was taken by Belarus ($X), with a 25% share of total exports.

In Russia, albumins and albuminates exports increased at an average annual rate of +31.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-14.2% per year) and Kazakhstan (-12.3% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, shrinking by -1.7% against the previous year. Export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, albumins and albuminates export price increased by +23.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 41%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Albumins And Albuminates Imports

Imports in CIS

In 2021, after two years of decline, there was significant growth in supplies from abroad of albumins, albuminates and other derivatives (excluding egg albumin), when their volume increased by 63% to X tons. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 153% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, albumins and albuminates imports surged to $X in 2021. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 134%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Russia dominates imports structure, reaching X tons, which was approx. 96% of total imports in 2021. Armenia (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +36.2% from 2012 to 2021. At the same time, Armenia (+88.5%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +88.5% from 2012-2021. From 2012 to 2021, the share of Russia and Armenia increased by +17 and +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported albumins, albuminates and other derivatives (excluding egg albumin) in the CIS, comprising 97% of total imports. The second position in the ranking was held by Armenia ($X), with a 1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled +31.6%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, declining by -17.1% against the previous year. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while Armenia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.3%).

Source: IndexBox Platform

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