Price for Albumins; Egg Albumin, Dried in South Korea - 2022

Contents:

  1. Price for Albumins; Egg Albumin, Dried in South Korea (CIF) - 2022
  2. Price for Albumins; Egg Albumin, Dried in South Korea (FOB) - 2022
  3. Imports of Albumins; Egg Albumin, Dried in South Korea
  4. Exports of Albumins; Egg Albumin, Dried in South Korea

Price for Albumins; Egg Albumin, Dried in South Korea (CIF) - 2022

In December 2022, the average albumins; egg albumin, dried import price amounted to $16,500 per ton, which is down by -9.9% against the previous month. Overall, import price indicated a temperate increase from December 2021 to December 2022: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, albumins; egg albumin, dried import price increased by +3.9% against October 2022 indices. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 57% m-o-m. Over the period under review, average import prices hit record highs at $19,418 per ton in August 2022; however, from September 2022 to December 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($23,443 per ton), while the price for China ($15,291 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Albumins; Egg Albumin, Dried in South Korea (FOB) - 2022

In 2022, the average albumins; egg albumin, dried export price amounted to $6,165 per ton, dropping by -2.4% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices attained the peak figure at $29,603 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +5.6% per year.

Imports of Albumins; Egg Albumin, Dried in South Korea

In 2022, approx. 950 tons of albumins; egg albumin, drieds were imported into South Korea; remaining constant against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 3%. As a result, imports attained the peak of 976 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, albumins; egg albumin, dried imports skyrocketed to $13M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Albumins; Egg Albumin, Dried in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2.42.32.03.917.6%
Denmark1.00.91.31.821.6%
Italy1.21.61.81.712.3%
Netherlands0.81.11.61.420.5%
China0.50.40.51.337.5%
United States0.10.10.11.1122.4%
Sweden0.30.30.41.049.4%
PeruN/A0.20.30.441.4%
Others0.10.10.1N/A0.0%
Total6.57.08.012.524.4%

Top Suppliers of Albumins; Egg Albumin, Dried to South Korea in 2022:

  1. France (280.4 tons)
  2. Italy (143.7 tons)
  3. Denmark (127.0 tons)
  4. Sweden (93.8 tons)
  5. China (87.8 tons)
  6. United States (86.8 tons)
  7. Netherlands (67.7 tons)
  8. Peru (62.9 tons)

Exports of Albumins; Egg Albumin, Dried in South Korea

In 2022, shipments abroad of albumins; egg albumin, drieds decreased by -85.2% to 182 kg, falling for the second consecutive year after two years of growth. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 25,512%. As a result, the exports attained the peak of 6.4 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, albumins; egg albumin, dried exports reduced sharply to $1.1K in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 31,459% against the previous year. As a result, the exports reached the peak of $33K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Albumins; Egg Albumin, Dried in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.132.57.81.1122.4%
OthersN/A0.3N/AN/A0%
Total0.132.87.81.1122.4%

Top Export Markets for Albumins; Egg Albumin, Dried from South Korea in 2022:

  1. China (182.0 kg)

Source: IndexBox Market Intelligence Platform

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