Price for Albumins; Egg Albumin, Not Dried in Spain - 2023

Contents:

1. Price for Albumins; Egg Albumin, Not Dried in Spain (FOB) - 2023
2. Price for Albumins; Egg Albumin, Not Dried in Spain (CIF) - 2023
3. Exports of Albumins; Egg Albumin, Not Dried in Spain
4. Imports of Albumins; Egg Albumin, Not Dried in Spain

Price for Albumins; Egg Albumin, Not Dried in Spain (FOB) - 2023

In August 2023, the average export price for albumins; egg albumin, not drieds amounted to $1,322 per ton, which is down by -7.4% against the previous month. Overall, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 22% against the previous month. Over the period under review, the average export prices attained the peak figure at $2,341 per ton in November 2022; however, from December 2022 to August 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In August 2023, the country with the highest price was the Netherlands ($1,616 per ton), while the average price for exports to Italy totaled $1,149 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.6%), while the prices for the other major destinations experienced a decline.

Price for Albumins; Egg Albumin, Not Dried in Spain (CIF) - 2023

In August 2023, the average import price for albumins; egg albumin, not drieds amounted to $2,487 per ton, remaining constant against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 130% against the previous month. The import price peaked at $5,121 per ton in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($3,908 per ton), while the price for Germany ($663 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Albumins; Egg Albumin, Not Dried in Spain

For the fourth consecutive year, Spain recorded growth in shipments abroad of albumins; egg albumin, not drieds, which increased by 4.3% to 10K tons in 2022. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, albumins; egg albumin, not dried exports soared to $16M in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Albumins; Egg Albumin, Not Dried from Spain in 2022:

1. Netherlands (4.1K tons)
2. Italy (3.7K tons)
3. France (2.4K tons)

Imports of Albumins; Egg Albumin, Not Dried in Spain

In 2022, overseas purchases of albumins; egg albumin, not drieds decreased by -19.8% to 715 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of 915 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, albumins; egg albumin, not dried imports reduced to $2M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 48%.

Top Suppliers of Albumins; Egg Albumin, Not Dried to Spain in 2022:

1. France (466.0 tons)
2. Italy (179.6 tons)
3. Lithuania (44.1 tons)
4. Netherlands (19.8 tons)

Source: IndexBox Market Intelligence Platform