U.S.: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in the U.S.

The U.S. albumins and albuminates market dropped rapidly to $X in 2021, falling by -19.6% against the previous year. Over the period under review, consumption saw a abrupt downturn. Albumins and albuminates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Albumins And Albuminates Production in the U.S.

In value terms, albumins and albuminates production rose to $X in 2021. In general, production showed a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 7.3% against the previous year. 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 the U.S.

For the fifth year in a row, the United States recorded growth in shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin), which increased by 16% to X tons in 2021. Over the period under review, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 26% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, albumins and albuminates exports soared to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.6% against 2014 indices. The growth pace was the most rapid in 2013 with an increase of 35%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), Japan (X tons) and Canada (X tons) were the main destinations of albumins and albuminates exports from the United States, with a combined 56% share of total exports. South Korea, Brazil, India, the Netherlands, Australia, Singapore, Mexico, the UK, Colombia and South Africa lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +66.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), China ($X) and Japan ($X) constituted the largest markets for albumins and albuminates exported from the United States worldwide, together comprising 50% of total exports. These countries were followed by South Korea, the Netherlands, the UK, Brazil, India, Singapore, Australia, Mexico, Colombia and South Africa, which together accounted for a further 38%.

In terms of the main countries of destination, the UK, with a CAGR of +47.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average albumins and albuminates export price stood at $X per ton in 2021, rising by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the 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 the Netherlands ($X per ton), while the average price for exports to China ($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 Mexico (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Albumins And Albuminates Imports

Imports into the U.S.

Albumins and albuminates imports into the United States skyrocketed to X tons in 2021, with an increase of 82% on 2020. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 157% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, albumins and albuminates imports soared to $X in 2021. Overall, imports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2014 with an increase of 161%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, New Zealand (X tons) constituted the largest albumins and albuminates supplier to the United States, with a 39% share of total imports. Moreover, albumins and albuminates imports from New Zealand exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from New Zealand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+5.0% per year) and the UK (+14.1% per year).

In value terms, the largest albumins and albuminates suppliers to the United States were New Zealand ($X), Denmark ($X) and the UK ($X), together comprising 70% of total imports. Ireland, Germany, France, the Netherlands, Australia, Mexico, Israel and Norway lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Mexico, with a CAGR of +81.3%, 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, with a decrease of -11.7% against the previous year. Overall, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Mexico ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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