Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland - 2023

Contents:

1. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland (CIF) - 2023
2. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland (FOB) - 2022
3. Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland
4. Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland

Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland (CIF) - 2023

The average import price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $8,319 per ton in November 2023, rising by 3.2% against the previous month. Overall, the import price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in July 2023 an increase of 38% against the previous month. The import price peaked at $12,310 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($14,007 per ton), while the price for Poland ($6,242 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced a decline.

Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland (FOB) - 2022

The average export price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $12,067 per ton in 2022, shrinking by -17.7% against the previous year. Overall, the export price, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 173% against the previous year. The export price peaked at $18,097 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($15,860 per ton), while the average price for exports to the Netherlands ($9,803 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland

In 2022, purchases abroad of albumins; milk albumin, including concentrates of two or more whey proteinses decreased by -5.8% to 352 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of 374 tons, and then fell in the following year.

In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses skyrocketed to $4.2M in 2022. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to Finland in 2022:

1. Poland (158.9 tons)
2. Germany (123.2 tons)
3. France (55.2 tons)
4. Sweden (7.8 tons)
5. Denmark (6.8 tons)

Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Finland

Exports of albumins; milk albumin, including concentrates of two or more whey proteinses from Finland soared to 12 tons in 2022, picking up by 896% compared with the previous year. In general, exports, however, continue to indicate a noticeable decline.

In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses surged to $143K in 2022. Overall, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from Finland in 2022:

1. Sweden (9.0 tons)
2. Netherlands (2.6 tons)
3. Estonia (0.3 tons)

Source: IndexBox Market Intelligence Platform