Italy: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Italy

The Italian albumins and albuminates market soared to $X in 2021, increasing by 65% against the previous year. In general, consumption continues to indicate significant growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Albumins And Albuminates Production in Italy

In value terms, albumins and albuminates production fell to $X in 2021 estimated in export price. Overall, production recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 190% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Albumins And Albuminates Exports

Exports from Italy

After five years of decline, overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin) increased by 21,963% to X tons in 2021. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, albumins and albuminates exports skyrocketed to $X in 2021. In general, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for albumins and albuminates exports from Italy, with a 69% share of total exports. Moreover, albumins and albuminates exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), twofold. France (X tons) ranked third in terms of total exports with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+105.5% per year) and France (+2.6% per year).

In value terms, Germany ($X), Poland ($X) and France ($X) were the largest markets for albumins and albuminates exported from Italy worldwide, together comprising 94% of total exports.

Poland, with a CAGR of +51.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average albumins and albuminates export price stood at $X per ton in 2021, shrinking by -54.5% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 176% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($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 (+3.2%), while the prices for the other major destinations experienced a decline.

Albumins And Albuminates Imports

Imports into Italy

In 2021, purchases abroad of albumins, albuminates and other derivatives (excluding egg albumin) was finally on the rise to reach X tons after two years of decline. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 45% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, albumins and albuminates imports soared to $X in 2021. Over the period under review, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Ireland (X tons) were the main suppliers of albumins and albuminates imports to Italy, with a combined 73% share of total imports. These countries were followed by France, Poland and Denmark, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +61.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest albumins and albuminates suppliers to Italy were the Netherlands ($X), Germany ($X) and Ireland ($X), together accounting for 69% of total imports. These countries were followed by France, Poland and Denmark, which together accounted for a further 22%.

Poland, with a CAGR of +66.8%, 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 18% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 France ($X per ton), while the price for Denmark ($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 (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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