Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Nigeria - 2022

Contents:

1. Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Nigeria (CIF) - 2022
2. Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Nigeria

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

The average import price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $10,551 per ton in 2022, which is down by -48.8% against the previous year. Overall, the import price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 198% against the previous year. Over the period under review, average import prices attained the maximum at $26,564 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Swaziland ($18,213 per ton), while the price for Germany totaled $1,832 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+104.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of albumins; milk albumin, including concentrates of two or more whey proteinses, when their volume decreased by -68.8% to 635 kg. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 109%. As a result, imports attained the peak of 2 tons, and then plummeted in the following year.

In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses contracted remarkably to $6.7K in 2022. In general, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2021 when imports increased by 305%. As a result, imports reached the peak of $42K, and then shrank notably in the following year.

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

1. Swaziland (338.0 kg)
2. Germany (297.0 kg)

Source: IndexBox Market Intelligence Platform