Price for Albumins; Albuminates and Other Albumin Derivatives in the Philippines - 2023

Contents:

1. Price for Albumins; Albuminates and Other Albumin Derivatives in the Philippines (CIF) - 2022
2. Price for Albumins; Albuminates and Other Albumin Derivatives in the Philippines (FOB) - 2022
3. Imports of Albumins; Albuminates and Other Albumin Derivatives in the Philippines
4. Exports of Albumins; Albuminates and Other Albumin Derivatives in the Philippines

Price for Albumins; Albuminates and Other Albumin Derivatives in the Philippines (CIF) - 2022

The average import price for albumins; albuminates and other albumin derivativeses stood at $5,206 per ton in 2022, increasing by 17% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 43% against the previous year. As a result, import price attained the peak level of $8,427 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($7,349 per ton), while the price for Lithuania ($390 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Albumins; Albuminates and Other Albumin Derivatives in the Philippines (FOB) - 2022

In 2022, the average export price for albumins; albuminates and other albumin derivativeses amounted to $2,289 per ton, increasing by 62% against the previous year. In general, the export price, however, faced a abrupt curtailment. The export price peaked at $7,092 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to -8.7% per year.

Imports of Albumins; Albuminates and Other Albumin Derivatives in the Philippines

In 2022, the amount of albumins; albuminates and other albumin derivativeses imported into the Philippines soared to 2.1K tons, rising by 104% compared with 2021. Overall, imports, however, continue to indicate a sharp setback.

In value terms, imports of albumins; albuminates and other albumin derivativeses surged to $11M in 2022. In general, imports, however, continue to indicate a deep reduction.

Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to the Philippines in 2022:

1. Italy (1035.2 tons)
2. India (445.5 tons)
3. Denmark (378.9 tons)
4. United States (64.6 tons)
5. Belgium (60.4 tons)
6. Lithuania (50.0 tons)

Exports of Albumins; Albuminates and Other Albumin Derivatives in the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of albumins; albuminates and other albumin derivativeses, when their volume decreased by -80.4% to 7.3 tons. Overall, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 38% against the previous year.

In value terms, exports of albumins; albuminates and other albumin derivativeses shrank markedly to $17K in 2022. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year.

Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from the Philippines in 2022:

1. Thailand (7.3 tons)

Source: IndexBox Market Intelligence Platform