United Arab Emirates: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in the United Arab Emirates

The albumins and albuminates market in the United Arab Emirates skyrocketed to $X in 2021, picking up by 257% 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 showed a significant expansion. Albumins and albuminates consumption peaked in 2021 and is expected to retain growth in the immediate term.

Albumins And Albuminates Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -58% to X tons, falling for the fifth consecutive year after five years of growth. Over the period under review, exports recorded a noticeable descent. The pace of growth was the most pronounced in 2013 with an increase of 1,082% against the previous year. 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 fell notably to $X in 2021. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 4,708% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Iran (X tons) was the main destination for albumins and albuminates exports from the United Arab Emirates, accounting for a 1,639% share of total exports. Moreover, albumins and albuminates exports to Iran exceeded the volume sent to the second major destination, Iraq (X tons), fivefold. The third position in this ranking was held by Libya (X tons), with a 300% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran totaled +62.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (0.0% per year) and Libya (0.0% per year).

In value terms, the largest markets for albumins and albuminates exported from the United Arab Emirates were Iran ($X), Iraq ($X) and Libya ($X).

Germany, with a CAGR of +169.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, increasing by 42% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 307% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iran ($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 the United States (+2,628.8%), while the prices for the other major destinations experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of albumins, albuminates and other derivatives (excluding egg albumin) were imported into the United Arab Emirates; increasing by 174% compared with 2020. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 474% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, albumins and albuminates imports skyrocketed to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 590%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Poland (X tons), Thailand (X tons) and the UK (X tons) were the main suppliers of albumins and albuminates imports to the United Arab Emirates, with a combined 42% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +200.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Poland ($X) appeared to be the largest albumins and albuminates suppliers to the United Arab Emirates, with a combined 34% share of total imports.

Poland, with a CAGR of +129.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, rising by 39% against the previous year. Over the period under review, the import price, however, showed a slight decline. The pace of growth appeared the most rapid in 2018 an increase of 75% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 the United States ($X per ton), while the price for Thailand ($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 UK (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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