Hong Kong SAR, China: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Hong Kong SAR, China

The Hong Kong albumins and albuminates market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a moderate expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Albumins And Albuminates Exports

Exports from Hong Kong SAR, China

In 2021, approx. X kg of albumins, albuminates and other derivatives (excluding egg albumin) were exported from Hong Kong SAR; rising by 52% against the year before. Overall, exports, however, showed a dramatic decrease. The pace of growth was the most pronounced in 2019 with an increase of 788% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, albumins and albuminates exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by 403%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X kg) was the main destination for albumins and albuminates exports from Hong Kong SAR, with a 69% share of total exports. Moreover, albumins and albuminates exports to Macao SAR exceeded the volume sent to the second major destination, Japan (X kg), sixfold. China (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.1% per year) and China (-34.2% per year).

In value terms, Macao SAR ($X) remains the key foreign market for albumins, albuminates and other derivatives (excluding egg albumin) exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was held by Japan ($X), with a 1.4% share of total exports. It was followed by China, with a 1% share.

From 2012 to 2021, the average annual growth rate of value to Macao SAR totaled -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-43.6% per year) and China (-56.9% per year).

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, which is down by -21.3% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 216%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to the Philippines ($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 (-14.3%), while the prices for the other major destinations experienced a decline.

Albumins And Albuminates Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of albumins, albuminates and other derivatives (excluding egg albumin) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports enjoyed a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, albumins and albuminates imports soared to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and Australia (X tons) were the main suppliers of albumins and albuminates imports to Hong Kong SAR, with a combined 32% share of total imports. These countries were followed by the UK, Taiwan (Chinese), Sweden, Canada, New Zealand and the United States, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +49.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest albumins and albuminates suppliers to Hong Kong SAR were Germany ($X), Australia ($X) and Belgium ($X), together comprising 44% of total imports. These countries were followed by the UK, Taiwan (Chinese), the United States, New Zealand, Sweden and Canada, which together accounted for a further 7.3%.

Among the main suppliers, the UK, with a CAGR of +23.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average albumins and albuminates import price stood at $X per ton in 2021, declining by -11.3% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of 60% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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