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

Contents:

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

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

The average import price for albumins; albuminates and other albumin derivativeses stood at $10,824 per ton in 2022, rising by 44% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for albumins; albuminates and other albumin derivativeses increased by +67.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($15,810 per ton), while the price for Ukraine ($5,399 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for albumins; albuminates and other albumin derivativeses amounted to $10,425 per ton, with an increase of 20% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 134% against the previous year. Over the period under review, the average export prices attained the maximum at $12,528 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($20,697 per ton), while the average price for exports to Iran ($8,704 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Albumins; Albuminates and Other Albumin Derivatives in Turkey

In 2022, after three years of growth, there was significant decline in supplies from abroad of albumins; albuminates and other albumin derivativeses, when their volume decreased by -19.5% to 811 tons. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year.

In value terms, imports of albumins; albuminates and other albumin derivativeses soared to $8.8M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Italy (139.0 tons)
2. Poland (122.8 tons)
3. United Kingdom (98.0 tons)
4. Ukraine (94.5 tons)
5. Germany (94.1 tons)
6. Brazil (86.4 tons)
7. France (75.4 tons)
8. United States (58.0 tons)
9. Netherlands (10.4 tons)

Exports of Albumins; Albuminates and Other Albumin Derivatives in Turkey

Exports of albumins; albuminates and other albumin derivativeses from Turkey shrank rapidly to 44 tons in 2022, with a decrease of -35.7% on the previous year's figure. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,785% against the previous year. As a result, the exports reached the peak of 68 tons, and then dropped significantly in the following year.

In value terms, exports of albumins; albuminates and other albumin derivativeses declined dramatically to $455K in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 2,214% against the previous year. As a result, the exports reached the peak of $592K, and then declined significantly in the following year.

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

1. Iran (39.0 tons)
2. Cyprus (2.9 tons)
3. Jordan (1.3 tons)

Source: IndexBox Market Intelligence Platform