ASEAN: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in ASEAN

In 2023, the ASEAN albumins and albuminates market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Albumins And Albuminates Production in ASEAN

In value terms, albumins and albuminates production expanded significantly to $X in 2023 estimated in export price. In general, production posted buoyant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Albumins And Albuminates Exports

Exports in ASEAN

In 2023, the amount of albumins, albuminates and other derivatives (excluding egg albumin) exported in ASEAN soared to X tons, rising by X% compared with 2022. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, albumins and albuminates exports stood at $X in 2023. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Singapore dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Malaysia (X tons), comprising a X% share of total exports. Thailand (X tons) took a little share of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest albumins and albuminates supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In Singapore, albumins and albuminates exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then plummeted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Albumins And Albuminates Imports

Imports in ASEAN

In 2023, imports of albumins, albuminates and other derivatives (excluding egg albumin) in ASEAN reduced dramatically to X tons, falling by X% compared with the year before. Over the period under review, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, albumins and albuminates imports dropped rapidly to $X in 2023. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Singapore (X tons), Vietnam (X tons), Indonesia (X tons) and Thailand (X tons) was the key importer of albumins, albuminates and other derivatives (excluding egg albumin) in ASEAN, achieving X% of total import. The Philippines (X tons) held the next position in the ranking, followed by Malaysia (X tons). All these countries together took near X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Thailand, Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, albumins and albuminates import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform