Greece: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Greece

The Greek albumins and albuminates market surged to $X in 2021, growing by 62% 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). Over the period under review, consumption showed buoyant growth. Albumins and albuminates consumption peaked in 2021 and is likely to continue growth in years to come.

Albumins And Albuminates Exports

Exports from Greece

For the fifth consecutive year, Greece recorded growth in overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin), which increased by 41% to X tons in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 170% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, albumins and albuminates exports soared to $X in 2021. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 125%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons) was the main destination for albumins and albuminates exports from Greece, with a 71% share of total exports. Moreover, albumins and albuminates exports to India exceeded the volume sent to the second major destination, Romania (X tons), fivefold. The third position in this ranking was taken by Iran (X tons), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled +319.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+38.1% per year) and Iran (-8.4% per year).

In value terms, India ($X) remains the key foreign market for albumins, albuminates and other derivatives (excluding egg albumin) exports from Greece, comprising 69% of total exports. The second position in the ranking was taken by Romania ($X), with a 15% share of total exports. It was followed by Iran, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to India totaled +391.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+36.3% per year) and Iran (-1.1% per year).

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, with an increase of 23% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Bulgaria ($X per ton) and Cyprus ($X per ton), while the average price for exports to Iran ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports into Greece

In 2021, imports of albumins, albuminates and other derivatives (excluding egg albumin) into Greece surged to X tons, rising by 28% against the previous year's figure. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 95% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, albumins and albuminates imports soared to $X in 2021. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), France (X tons) and Poland (X tons) were the main suppliers of albumins and albuminates imports to Greece, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +3,460.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest albumins and albuminates suppliers to Greece were the Netherlands ($X), Poland ($X) and France ($X), with a combined 75% share of total imports.

Poland, with a CAGR of +4,389.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average albumins and albuminates import price amounted to $X per ton, picking up by 53% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% 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 import price increased by +55.8% against 2019 indices. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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