South Africa: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in South Africa

In 2021, the South African albumins and albuminates market increased by 56% to $X for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Albumins And Albuminates Exports

Exports from South Africa

In 2021, shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -66.5% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 234%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, albumins and albuminates exports declined markedly to $X in 2021. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 453%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for albumins and albuminates exports from South Africa, with a 77% share of total exports. Moreover, albumins and albuminates exports to the Netherlands exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. The third position in this ranking was taken by Saint Helena, Ascension and Tristan da Cunha (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+105.5% per year) and Saint Helena, Ascension and Tristan da Cunha (-8.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for albumins, albuminates and other derivatives (excluding egg albumin) exports from South Africa, comprising 83% of total exports. The second position in the ranking was held by Australia ($X), with a 4.4% share of total exports. It was followed by Namibia, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+45.1% per year) and Namibia (+36.7% per year).

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, waning by -61.9% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 65%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Saint Helena, Ascension and Tristan da Cunha ($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 India (+1,510.0%), while the prices for the other major destinations experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports into South Africa

In 2021, the amount of albumins, albuminates and other derivatives (excluding egg albumin) imported into South Africa expanded sharply to X tons, with an increase of 11% on the previous year. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% 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 +18.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, albumins and albuminates imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest albumins and albuminates supplier to South Africa, with a 75% share of total imports. Moreover, albumins and albuminates imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-7.8% per year) and New Zealand (+27.7% per year).

In value terms, the United States ($X) constituted the largest supplier of albumins, albuminates and other derivatives (excluding egg albumin) to South Africa, comprising 72% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-7.5% per year) and New Zealand (+22.1% per year).

Import Prices by Country

In 2021, the average albumins and albuminates import price amounted to $X per ton, increasing by 76% against the previous year. Overall, the import price, however, recorded a noticeable slump. Over the period under review, average import prices attained the maximum 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 country with the highest price was the Netherlands ($X per ton), while the price for the United States ($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 (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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