Japan: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Japan

In 2021, the Japanese albumins and albuminates market increased by 41% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Albumins And Albuminates Exports

Exports from Japan

In 2021, shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -42.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 258% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, albumins and albuminates exports dropped markedly to $X in 2021. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 56%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for albumins and albuminates exports from Japan, with a 70% share of total exports. Moreover, albumins and albuminates exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was held by South Korea (X kg), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.4% per year) and South Korea (+31.6% per year).

In value terms, the largest markets for albumins and albuminates exported from Japan were Taiwan (Chinese) ($X), India ($X) and the United States ($X), with a combined 72% share of total exports.

India, with a CAGR of +28.9%, saw the highest rates of growth with regard to 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 22% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 633% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 (+18.6%), while the prices for the other major destinations experienced mixed trend patterns.

Albumins And Albuminates Imports

Imports into Japan

In 2021, overseas purchases of albumins, albuminates and other derivatives (excluding egg albumin) increased by 33% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a buoyant increase. 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. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.5% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Germany (X tons) and New Zealand (X tons) were the main suppliers of albumins and albuminates imports to Japan, together comprising 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), New Zealand ($X) and Germany ($X) appeared to be the largest albumins and albuminates suppliers to Japan, with a combined 83% share of total imports.

Among the main suppliers, Germany, with a CAGR of +29.0%, saw the highest rates of growth with regard to 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

In 2021, the average albumins and albuminates import price amounted to $X per ton, surging by 8.2% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from New Zealand ($X per ton) and Denmark ($X per ton), while the price for the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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