Price for Albumins; Albuminates and Other Albumin Derivatives in Hungary - 2023
Contents:
- Price for Albumins; Albuminates and Other Albumin Derivatives in Hungary (CIF) - 2022
- Price for Albumins; Albuminates and Other Albumin Derivatives in Hungary (FOB) - 2023
- Imports of Albumins; Albuminates and Other Albumin Derivatives in Hungary
- Exports of Albumins; Albuminates and Other Albumin Derivatives in Hungary
Price for Albumins; Albuminates and Other Albumin Derivatives in Hungary (CIF) - 2022
The average import price for albumins; albuminates and other albumin derivativeses stood at $12,036 per ton in 2022, with an increase of 62% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +105.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($14,952 per ton), while the price for Latvia ($1,923 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Albumins; Albuminates and Other Albumin Derivatives in Hungary (FOB) - 2023
The average export price for albumins; albuminates and other albumin derivativeses stood at $109K per ton in October 2023, increasing by 528% against the previous month. In general, the export price continues to indicate strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Armenia ($252K per ton), while the average price for exports to Serbia ($13,281 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Albumins; Albuminates and Other Albumin Derivatives in Hungary
In 2022, overseas purchases of albumins; albuminates and other albumin derivativeses decreased by -14% to 4.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 69%.
In value terms, imports of albumins; albuminates and other albumin derivativeses surged to $58M in 2022. Overall, imports, however, continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Albumins; Albuminates and Other Albumin Derivatives in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.7 | 11.3 | 17.9 | 24.2 | 53.4% |
| Netherlands | 10.0 | 5.6 | 10.8 | 13.3 | 10.0% |
| Germany | 4.7 | 8.8 | 5.8 | 11.9 | 36.3% |
| France | 0.5 | 0.8 | 0.9 | 4.0 | 100.0% |
| Lithuania | 0.2 | 0.2 | 2.9 | 2.0 | 115.4% |
| Austria | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| United Kingdom | 4.1 | 3.0 | N/A | 0.3 | -58.2% |
| Latvia | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 1.8 | 2.4 | 3.2 | 1.3 | -10.3% |
| Total | 28.0 | 32.3 | 41.8 | 58.4 | 27.8% |
Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to Hungary in 2022:
- Poland (1987.3 tons)
- Netherlands (962.9 tons)
- Germany (869.3 tons)
- France (265.3 tons)
- Austria (217.2 tons)
- Lithuania (178.8 tons)
- Latvia (153.4 tons)
- United Kingdom (27.2 tons)
Exports of Albumins; Albuminates and Other Albumin Derivatives in Hungary
In 2022, exports of albumins; albuminates and other albumin derivativeses from Hungary soared to 225 tons, with an increase of 22% compared with the year before. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 481% against the previous year. As a result, the exports reached the peak of 262 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of albumins; albuminates and other albumin derivativeses skyrocketed to $3.2M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Albumins; Albuminates and Other Albumin Derivatives in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 200 | 0.1 | 9.6 | 1,068 | 74.8% |
| Germany | 24.5 | 75.1 | 107 | 818 | 222.0% |
| Slovakia | 1,100 | 672 | 910 | 550 | -20.6% |
| Czech Republic | 80.3 | 27.0 | 16.3 | 295 | 54.3% |
| Romania | 5.5 | 39.7 | 65.4 | 105 | 167.3% |
| Croatia | 0.3 | 103 | 6.2 | 56.6 | 473.5% |
| Slovenia | 60.6 | 41.2 | 77.6 | 49.9 | -6.3% |
| Others | 229 | 553 | 137 | 230 | 0.1% |
| Total | 1,700 | 1,512 | 1,329 | 3,173 | 23.1% |
Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from Hungary in 2022:
- Austria (60.0 tons)
- Slovakia (53.1 tons)
- Germany (50.5 tons)
- Czech Republic (18.2 tons)
- Romania (16.5 tons)
- Croatia (7.4 tons)
- Slovenia (3.6 tons)
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