Price for Peptones And Their Derivatives; Other Protein Substances And Their Derivatives; Hide Powder Including Glutelins And Prolamins, Globulins, Glycinin, Keratins, Nucleoproteids, Protein Isolates in China

China Peptones And Their Derivatives; Other Protein Substances And Their Derivatives; Hide Powder Including Glutelins And Prolamins, Globulins, Glycinin, Keratins, Nucleoproteids, Protein Isolates Export Price in September 2022

In September 2022, the peptones and their derivatives; other protein substances and their derivatives; hide powder including glutelins and prolamins, globulins, glycinin, keratins, nucleoproteids, protein isolates price stood at $3,352 per ton (FOB, China), approximately reflecting the previous month. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $3,608 per ton in March 2022; however, from April 2022 to September 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($6,481 per ton), while the average price for exports to the United States ($2,864 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

China Peptones And Their Derivatives; Other Protein Substances And Their Derivatives; Hide Powder Including Glutelins And Prolamins, Globulins, Glycinin, Keratins, Nucleoproteids, Protein Isolates Exports

In September 2022, the amount of peptones and their derivatives; other protein substances and their derivatives; hide powder including glutelins and prolamins, globulins, glycinin, keratins, nucleoproteids, protein isolates exported from China reduced to 18K tons, shrinking by -2.6% against August 2022. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in March 2022 with an increase of 11% against the previous month. The exports peaked at 27K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

In value terms, exports of peptones and their derivatives; other protein substances and their derivatives; hide powder including glutelins and prolamins, globulins, glycinin, keratins, nucleoproteids, protein isolates fell modestly to $60M (IndexBox estimates) in September 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in March 2022 when exports increased by 11% against the previous month. The exports peaked at 96K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.

China Peptones And Their Derivatives; Other Protein Substances And Their Derivatives; Hide Powder Including Glutelins And Prolamins, Globulins, Glycinin, Keratins, Nucleoproteids, Protein Isolates Exports by Country

Russia (1.7K tons), Japan (1.6K tons) and the United States (1.4K tons) were the main destinations of exports of peptones and their derivatives; other protein substances and their derivatives; hide powder including glutelins and prolamins, globulins, glycinin, keratins, nucleoproteids, protein isolates from China, with a combined 27% share of total exports. These countries were followed by South Africa, the Philippines, Indonesia, India, Brazil, Spain, Mexico, Australia, Germany and South Korea, which together accounted for a further 44%.

From January 2022 to September 2022, the biggest increases were in Spain (with a CAGR of +5.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peptones and their derivatives; other protein substances and their derivatives; hide powder including glutelins and prolamins, globulins, glycinin, keratins, nucleoproteids, protein isolates exported from China were Japan ($5.4M), Russia ($5.3M) and the United States ($4.1M), with a combined 25% share of total exports. Indonesia, South Korea, South Africa, the Philippines, India, Australia, Germany, Brazil, Spain and Mexico lagged somewhat behind, together accounting for a further 46%.

In terms of the main countries of destination, South Korea, with a CAGR of +8.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.