Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea - 2022
Contents:
- Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea (CIF) - 2022
- Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea (FOB) - 2022
- Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea
- Exports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea
Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea (CIF) - 2022
In 2022, the average import price for albuminates and other albumin derivatives (excluding egg albumin)s amounted to $981,231 per ton, remaining stable against the previous year. Over the period under review, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 613% against the previous year. Over the period under review, average import prices attained the maximum at $988,980 per ton in 2021, and then shrank modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,848,544 per ton), while the price for Spain ($78,629 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea (FOB) - 2022
The average export price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $180,448 per ton in 2022, picking up by 57% against the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 497% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($181,675 per ton), while the average price for exports to China amounted to $83,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea
In 2022, overseas purchases of albuminates and other albumin derivatives (excluding egg albumin)s decreased by -18.3% to 4.1 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 60%. As a result, imports attained the peak of 6.6 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of albuminates and other albumin derivatives (excluding egg albumin)s reduced rapidly to $4M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year.
| Import of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,782 | 1,659 | 2,798 | 2,514 | 12.2% |
| Italy | 1,153 | 1,541 | 1,390 | 530 | -22.8% |
| New Zealand | 69.0 | 508 | 195 | 334 | 69.2% |
| China | 33.6 | 217 | 229 | 121 | 53.3% |
| Australia | 35.0 | 42.1 | 53.8 | 59.8 | 19.5% |
| Germany | 17.6 | 97.4 | 17.5 | 57.9 | 48.7% |
| Spain | 11.3 | 26.2 | 16.9 | 21.0 | 22.9% |
| Others | 77.7 | 63.9 | 203 | 339 | 63.4% |
| Total | 3,180 | 4,155 | 4,903 | 3,976 | 7.7% |
Top Suppliers of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) to South Korea in 2022:
- United States (1360.0 kg)
- Italy (968.0 kg)
- New Zealand (388.0 kg)
- China (321.0 kg)
- Germany (268.0 kg)
- Spain (267.0 kg)
- Australia (200.0 kg)
Exports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea
In 2022, shipments abroad of albuminates and other albumin derivatives (excluding egg albumin)s decreased by -26.4% to 203 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 2,660% against the previous year. As a result, the exports reached the peak of 276 kg, and then dropped dramatically in the following year.
In value terms, exports of albuminates and other albumin derivatives (excluding egg albumin)s surged to $37K in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 2,904% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 1.0 | N/A | 36.3 | 502.5% |
| Cambodia | N/A | N/A | 17.3 | N/A | 0% |
| India | N/A | 0.1 | N/A | N/A | 0% |
| Italy | N/A | N/A | 10.5 | N/A | 0% |
| Others | 0.1 | N/A | 3.9 | 0.3 | 44.2% |
| Total | 0.1 | 1.1 | 31.7 | 36.6 | 615.3% |
Top Export Markets for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) from South Korea in 2022:
- United States (200.0 kg)
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