Ireland: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Ireland

In 2021, the Irish albumins and albuminates market was finally on the rise to reach $X after three years of decline. In general, consumption, however, faced a abrupt curtailment. Albumins and albuminates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Albumins And Albuminates Production in Ireland

In value terms, albumins and albuminates production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a mild setback. The pace of growth appeared the most rapid in 2013 with an increase of 10%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Albumins And Albuminates Exports

Exports from Ireland

In 2021, overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -6.3% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2014 with an increase of 115%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, albumins and albuminates exports skyrocketed to $X in 2021. Overall, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 64% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Poland (X tons), the UK (X tons) and the United States (X tons) were the main destinations of albumins and albuminates exports from Ireland, together accounting for 47% of total exports. These countries were followed by the Netherlands, Italy, Spain, Germany, India, Belgium, Australia, France and Japan, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +240.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for albumins and albuminates exported from Ireland were the UK ($X), Poland ($X) and the Netherlands ($X), with a combined 44% share of total exports. These countries were followed by the United States, Italy, Spain, Germany, India, Belgium, Australia, Japan and France, which together accounted for a further 46%.

India, with a CAGR of +248.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, jumping by 36% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained 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 destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 UK (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports into Ireland

In 2021, the amount of albumins, albuminates and other derivatives (excluding egg albumin) imported into Ireland skyrocketed to X tons, with an increase of 48% on the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 134%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, albumins and albuminates imports skyrocketed to $X in 2021. In general, imports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of 95% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) constituted the largest albumins and albuminates supplier to Ireland, with a 41% share of total imports. Moreover, albumins and albuminates imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. France (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +65.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-16.2% per year) and France (+50.7% per year).

In value terms, the UK ($X), the Netherlands ($X) and the United States ($X) were the largest albumins and albuminates suppliers to Ireland, with a combined 64% share of total imports. Belgium, Poland, Germany and France lagged somewhat behind, together accounting for a further 32%.

Belgium, with a CAGR of +143.2%, saw the highest growth rate of the value of imports, in terms of 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, increasing by 4.9% against the previous year. In general, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 48%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average 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 the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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