Price for Protein; Concentrates and Textured Protein Substances in China - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in China (FOB) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in China (CIF) - 2022
- Exports of Protein; Concentrates and Textured Protein Substances in China
- Imports of Protein; Concentrates and Textured Protein Substances in China
Price for Protein; Concentrates and Textured Protein Substances in China (FOB) - 2024
In May 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $2,014 per ton, shrinking by -5.8% against the previous month. Overall, the export price continues to indicate a mild curtailment. The pace of growth was the most pronounced in January 2024 an increase of 5.4% against the previous month. The export price peaked at $2,497 per ton in August 2023; however, from September 2023 to May 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In May 2024, the country with the highest price was the United States ($3,339 per ton), while the average price for exports to Norway ($1,113 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Protein; Concentrates and Textured Protein Substances in China (CIF) - 2022
The average import price for protein; concentrates and textured protein substanceses stood at $12,955 per ton in 2022, rising by 71% against the previous year. Overall, the import price posted a strong expansion. Over the period under review, average import prices hit record highs at $16,623 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($44,426 per ton), while the price for Malaysia ($1,017 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in China
In 2022, after three years of growth, there was significant decline in shipments abroad of protein; concentrates and textured protein substanceses, when their volume decreased by -14.9% to 152K tons. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year.
In value terms, exports of protein; concentrates and textured protein substanceses dropped slightly to $407M in 2022. The total export value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 27% against the previous year.
| Export of Protein; Concentrates and Textured Protein Substances in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 103 | 130 | 143 | 91.4 | -3.9% |
| Netherlands | 29.1 | 40.2 | 52.1 | 43.5 | 14.3% |
| Philippines | 16.2 | 26.0 | 27.8 | 34.2 | 28.3% |
| Japan | 18.7 | 21.2 | 17.7 | 22.4 | 6.2% |
| Indonesia | 10.3 | 12.0 | 15.5 | 18.8 | 22.2% |
| South Korea | 8.7 | 9.8 | 14.5 | 16.7 | 24.3% |
| Chile | 7.9 | 10.5 | 8.5 | 15.5 | 25.2% |
| Mexico | 4.3 | 5.1 | 5.6 | 14.1 | 48.6% |
| Canada | 4.5 | 6.4 | 12.3 | 14.0 | 46.0% |
| Australia | 6.7 | 10.0 | 11.4 | 12.5 | 23.1% |
| Germany | 3.5 | 4.4 | 6.7 | 11.1 | 46.9% |
| Vietnam | 7.9 | 11.6 | 11.6 | 10.7 | 10.6% |
| Thailand | 5.6 | 7.1 | 7.1 | 8.6 | 15.4% |
| Others | 60.2 | 68.9 | 76.6 | 93.2 | 15.7% |
| Total | 287 | 363 | 411 | 407 | 12.3% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from China in 2022:
- United States (25.8K tons)
- Netherlands (20.6K tons)
- Philippines (17.1K tons)
- Indonesia (9.2K tons)
- South Korea (8.3K tons)
- Vietnam (5.6K tons)
- Japan (5.3K tons)
- Chile (5.1K tons)
- Mexico (4.8K tons)
- Thailand (4.5K tons)
- Canada (4.4K tons)
- Australia (4.1K tons)
- Germany (3.3K tons)
Imports of Protein; Concentrates and Textured Protein Substances in China
After three years of growth, purchases abroad of protein; concentrates and textured protein substanceses decreased by -73.2% to 743 tons in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of 2.8K tons, and then declined sharply in the following year.
In value terms, imports of protein; concentrates and textured protein substanceses contracted rapidly to $9.6M in 2022. Overall, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 3.7% against the previous year.
| Import of Protein; Concentrates and Textured Protein Substances in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 11.5 | 10.3 | 2.9 | -27.5% |
| Germany | 0.8 | 0.3 | 2.3 | 2.4 | 44.2% |
| Canada | 0.7 | 0.4 | 1.3 | 0.9 | 8.7% |
| Japan | 2.9 | 1.0 | 0.3 | 0.8 | -34.9% |
| Australia | 1.3 | 1.2 | 1.3 | 0.5 | -27.3% |
| Thailand | 0.3 | 0.9 | 0.2 | 0.5 | 18.6% |
| Netherlands | 0.7 | N/A | 0.1 | 0.3 | -24.6% |
| France | 3.4 | 2.0 | 0.6 | 0.3 | -55.5% |
| United Kingdom | 0.2 | 0.1 | 0.5 | 0.2 | 0.0% |
| Spain | 0.2 | 0.5 | 0.6 | 0.2 | 0.0% |
| Malaysia | 0.2 | N/A | N/A | N/A | 0% |
| India | 0.3 | 0.6 | 0.9 | N/A | 73.2% |
| Taiwan (Chinese) | 1.1 | 0.3 | 0.1 | N/A | -69.8% |
| Others | 2.5 | 1.3 | 2.4 | 0.7 | -34.6% |
| Total | 22.0 | 20.3 | 21.0 | 9.6 | -24.2% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to China in 2022:
- United States (314.6 tons)
- Netherlands (80.1 tons)
- Germany (55.1 tons)
- Canada (51.3 tons)
- Thailand (41.6 tons)
- France (34.8 tons)
- United Kingdom (34.6 tons)
- Australia (27.6 tons)
- Japan (24.9 tons)
- Malaysia (15.9 tons)
- Spain (6.3 tons)
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