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

Price for Albumins; Egg Albumin, Not Dried in Lithuania (CIF) - 2022

The average import price for albumins; egg albumin, not drieds stood at $1,543 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $4,087 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Germany ($2,405 per ton), while the price for Latvia totaled $1,385 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+3.8%), while the prices for the other major suppliers experienced a decline.

Price for Albumins; Egg Albumin, Not Dried in Lithuania (FOB) - 2022

In 2022, the average export price for albumins; egg albumin, not drieds amounted to $1,308 per ton, surging by 17% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 an increase of 94%. Over the period under review, the average export prices attained the maximum at $6,179 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to -0.9% per year.

Imports of Albumins; Egg Albumin, Not Dried in Lithuania

In 2022, overseas purchases of albumins; egg albumin, not drieds decreased by -1.1% to 71 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 +7.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of 73 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, albumins; egg albumin, not dried imports soared to $110K in 2022. The total import value increased at an average annual rate of +12.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Albumins; Egg Albumin, Not Dried in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	50.0	46.0	56.3	83.6	18.7%
Germany	26.0	22.0	34.0	26.5	0.6%
Finland	N/A	22.7	N/A	N/A	0%
Netherlands	N/A	N/A	5.0	N/A	0%
Others	0.6	3.2	N/A	N/A	433.3%
Total	76.6	93.8	95.3	110	12.8%

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

Latvia (60.4 tons)
Germany (11.0 tons)

Exports of Albumins; Egg Albumin, Not Dried in Lithuania

For the third consecutive year, Lithuania recorded growth in shipments abroad of albumins; egg albumin, not drieds, which increased by 12% to 56 tons in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 104% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, albumins; egg albumin, not dried exports soared to $73K in 2022. Over the period under review, exports, however, faced a dramatic downturn.