Romania: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Romania

The Romanian albumins and albuminates market skyrocketed to $X in 2021, rising by 78% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Albumins And Albuminates Exports

Exports from Romania

In 2021, shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -35.2% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 970% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, albumins and albuminates exports reduced to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,386%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for albumins and albuminates exports from Romania, with a 97% share of total exports. It was followed by Bulgaria (X kg), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Greece amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+113.6% per year) and Poland (-67.0% per year).

In value terms, Greece ($X) emerged as the key foreign market for albumins, albuminates and other derivatives (excluding egg albumin) exports from Romania, comprising 98% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Greece totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+109.3% per year) and Poland (-70.4% per year).

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, surging by 42% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, albumins and albuminates export price increased by +79.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 77% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Poland ($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 Iran (+35.4%), while the prices for the other major destinations experienced mixed trend patterns.

Albumins And Albuminates Imports

Imports into Romania

Albumins and albuminates imports into Romania surged to X tons in 2021, picking up by 47% against 2020 figures. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 78%. Imports peaked in 2021 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, imports showed prominent 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), Poland (X tons) and Greece (X tons) were the main suppliers of albumins and albuminates imports to Romania, together comprising 70% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +233.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Greece ($X) appeared to be the largest albumins and albuminates suppliers to Romania, together comprising 74% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +235.1%, 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, growing by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2014 when the average import price increased by 32% against the previous year. As a result, import price reached 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 Ireland ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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