Portugal: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Portugal

In 2021, after two years of growth, there was significant decline in the Portuguese albumins and albuminates market, when its value decreased by -61.2% to $X. Over the period under review, consumption saw a abrupt setback. Albumins and albuminates consumption peaked at $X in 2020, and then shrank markedly in the following year.

Albumins And Albuminates Production in Portugal

In value terms, albumins and albuminates production shrank slightly to $X in 2021 estimated in export price. Overall, production showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Albumins and albuminates production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports from Portugal

In 2021, overseas shipments of albumins, albuminates and other derivatives (excluding egg albumin) increased by 78% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, albumins and albuminates exports soared to $X in 2021. Overall, exports continue to indicate a moderate expansion. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) and Spain (X tons) were the main destinations of albumins and albuminates exports from Portugal.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +4.8%).

In value terms, the largest markets for albumins and albuminates exported from Portugal were the Netherlands ($X) and Spain ($X).

The Netherlands, with a CAGR of +3.1%, recorded 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.

Export Prices by Country

The average albumins and albuminates export price stood at $X per ton in 2021, with an increase of 21% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 29% 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 somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.3%).

Albumins And Albuminates Imports

Imports into Portugal

In 2021, overseas purchases of albumins, albuminates and other derivatives (excluding egg albumin) increased by 186% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports showed a measured expansion. The growth pace was the most rapid in 2013 with an increase of 200% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, albumins and albuminates imports soared to $X in 2021. Overall, imports recorded a prominent expansion. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of albumins and albuminates to Portugal, with a 56% share of total imports. Moreover, albumins and albuminates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+26.4% per year) and Germany (+86.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of albumins, albuminates and other derivatives (excluding egg albumin) to Portugal, comprising 57% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by Germany, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+19.8% per year) and Germany (+116.2% per year).

Import Prices by Country

The average albumins and albuminates import price stood at $X per ton in 2021, jumping by 24% against the previous year. In general, the import price saw a notable increase. The growth pace was the most rapid in 2016 when the average import price increased by 166% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($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 (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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