Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Thailand - 2024

Contents:

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

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

In 2022, the average import price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $7,869 per ton, rising by 54% against the previous year. Over the period under review, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 97% against the previous year. Over the period under review, average import prices hit record highs at $11,348 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 New Zealand ($13,090 per ton), while the price for the Netherlands ($3,286 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for albumins; milk albumin, including concentrates of two or more whey proteinses stood at $8,807 per ton in 2022, shrinking by -9.5% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 114% against the previous year. As a result, the export price attained the peak level of $9,728 per ton, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($26,587 per ton), while the average price for exports to Hong Kong SAR ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 1.5K tons of albumins; milk albumin, including concentrates of two or more whey proteinses were imported into Thailand; growing by 20% against the year before. In general, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 340%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses skyrocketed to $12M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 166% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.95.55.08.162.1%
New Zealand0.30.91.01.467.1%
PolandN/AN/A0.10.7600.0%
AustraliaN/AN/AN/A0.60%
United KingdomN/AN/AN/A0.40%
Netherlands0.1N/A0.10.226.0%
Others0.10.10.10.226.0%
Total2.56.66.311.767.3%

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

  1. United States (1041.8 tons)
  2. Australia (119.9 tons)
  3. New Zealand (110.1 tons)
  4. Poland (103.3 tons)
  5. Netherlands (50.0 tons)
  6. United Kingdom (36.8 tons)

Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Thailand

In 2022, approx. 14 tons of albumins; milk albumin, including concentrates of two or more whey proteinses were exported from Thailand; picking up by 38% compared with the year before. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 122%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses skyrocketed to $127K in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 374%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MyanmarN/AN/A18.9115508.5%
Sri Lanka2.013.523.212.885.7%
South Korea16.48.0N/AN/A-51.2%
SomaliaN/AN/A3.4N/A0%
PhilippinesN/AN/A56.2N/A0%
OthersN/AN/AN/AN/A0%
Total18.421.510212790.4%

Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from Thailand in 2022:

  1. Myanmar (14.0 tons)
  2. Sri Lanka (0.5 tons)

Source: IndexBox Market Intelligence Platform

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