Latin America and the Caribbean: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Latin America and the Caribbean

The Latin American albumins and albuminates market rose markedly to $X in 2021, growing by 11% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.9% 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 +67.1% against 2016 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Albumins And Albuminates Production in Latin America and the Caribbean

In value terms, albumins and albuminates production declined to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 17% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Albumins And Albuminates Exports

Exports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin), when their volume increased by 78% to X tons. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, albumins and albuminates exports skyrocketed to $X in 2021. Total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of albumins, albuminates and other derivatives (excluding egg albumin), namely Argentina, represented more than two-thirds of total export.

Argentina was also the fastest-growing in terms of the albumins, albuminates and other derivatives (excluding egg albumin) exports, with a CAGR of +4.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) also remains the largest albumins and albuminates supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual rate of growth in terms of value in Argentina amounted to +1.8%.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by -1.7% against the previous year. In general, the export price recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 when the export price increased by 45%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to -2.7% per year.

Albumins And Albuminates Imports

Imports in Latin America and the Caribbean

Albumins and albuminates imports surged to X tons in 2021, increasing by 25% against the previous year. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.4% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, albumins and albuminates imports skyrocketed to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 +67.7% against 2018 indices. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) was the largest importer of albumins, albuminates and other derivatives (excluding egg albumin), achieving 65% of total imports. Mexico (X tons) held the second position in the ranking, followed by Colombia (X tons) and Chile (X tons). All these countries together held near 24% share of total imports. The following importers - Peru (X tons) and Argentina (X tons) - each amounted to a 5.6% share of total imports.

Imports into Brazil increased at an average annual rate of +10.1% from 2012 to 2021. At the same time, Argentina (+34.3%), Colombia (+23.1%), Chile (+14.6%) and Peru (+13.8%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +34.3% from 2012-2021. By contrast, Mexico (-4.8%) illustrated a downward trend over the same period. Brazil (+11 p.p.), Colombia (+6.6 p.p.), Argentina (+2.3 p.p.) and Chile (+2 p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by -21% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported albumins, albuminates and other derivatives (excluding egg albumin) in Latin America and the Caribbean, comprising 66% of total imports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total imports. It was followed by Colombia, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled +6.0%. In the other countries, the average annual rates were as follows: Mexico (-7.0% per year) and Colombia (+17.4% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 15% against the previous year. In general, the import price, however, recorded a noticeable contraction. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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