Price for Protein; Concentrates and Textured Protein Substances in Australia - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Australia (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Australia (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Australia
- Exports of Protein; Concentrates and Textured Protein Substances in Australia
Price for Protein; Concentrates and Textured Protein Substances in Australia (CIF) - 2024
In September 2023, the average import price for protein; concentrates and textured protein substanceses amounted to $9,346 per ton, dropping by -17.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 50% month-to-month. As a result, import price reached the peak level of $12,117 per ton. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($20,943 per ton), while the price for India ($1,309 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Protein; Concentrates and Textured Protein Substances in Australia (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $6,668 per ton in 2022, shrinking by -5.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36% against the previous year. The export price peaked at $8,032 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($25,119 per ton), while the average price for exports to Japan ($3,252 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 China (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Australia
In 2022, purchases abroad of protein; concentrates and textured protein substanceses decreased by -10.4% to 9.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of 11K tons, and then dropped in the following year.
In value terms, imports of protein; concentrates and textured protein substanceses stood at $78M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +49.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.0 | 21.0 | 26.6 | 28.7 | 12.8% |
| New Zealand | 21.7 | 21.6 | 28.5 | 26.1 | 6.3% |
| China | 5.7 | 7.6 | 9.8 | 11.3 | 25.6% |
| United Kingdom | 1.0 | 1.1 | 2.4 | 6.0 | 81.7% |
| Netherlands | 0.3 | 1.1 | 1.6 | 1.3 | 63.0% |
| India | 0.5 | 0.5 | 0.8 | 1.0 | 26.0% |
| Others | 3.1 | 4.6 | 4.3 | 3.7 | 6.1% |
| Total | 52.4 | 57.5 | 73.8 | 78.1 | 14.2% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Australia in 2022:
- China (3.2K tons)
- United States (3.1K tons)
- New Zealand (1.5K tons)
- India (0.5K tons)
- United Kingdom (0.3K tons)
- Netherlands (0.2K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Australia
In 2022, exports of protein; concentrates and textured protein substanceses from Australia skyrocketed to 4.4K tons, picking up by 23% against 2021. The total export volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses soared to $30M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 11.1 | 10.9 | 12.0 | 11.9 | 2.3% |
| China | 3.7 | 1.6 | 4.1 | 9.0 | 34.5% |
| Singapore | 0.6 | 0.6 | 1.1 | 1.0 | 18.6% |
| Japan | 0.8 | 0.8 | 1.0 | 1.0 | 7.7% |
| South Korea | 0.1 | 0.7 | 0.2 | 1.0 | 115.4% |
| United States | 2.0 | 2.5 | 1.7 | 0.8 | -26.3% |
| Thailand | 0.5 | 0.1 | 0.1 | 0.8 | 17.0% |
| Hong Kong SAR | 3.1 | 0.1 | 0.5 | 0.8 | -36.3% |
| Others | 3.9 | 3.9 | 5.0 | 3.2 | -6.4% |
| Total | 25.8 | 21.3 | 25.6 | 29.6 | 4.7% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Australia in 2022:
- New Zealand (2633.8 tons)
- China (359.8 tons)
- Japan (310.3 tons)
- Singapore (249.7 tons)
- Hong Kong SAR (197.2 tons)
- Thailand (160.3 tons)
- South Korea (95.0 tons)
- United States (56.8 tons)
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