Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia - 2023

Contents:

1. Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia (CIF) - 2022
2. Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia (FOB) - 2022
3. Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia
4. Exports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia

Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia (CIF) - 2022

In 2022, the average import price for albuminates and other albumin derivatives (excluding egg albumin)s amounted to $5,772 per ton, growing by 19% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for albuminates and other albumin derivatives (excluding egg albumin)s increased by +87.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 58%. Over the period under review, average import prices attained the maximum at $5,796 per ton in 2013; afterwards, it flattened through to 2022.

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 Lithuania ($7,513 per ton), while the price for Belgium ($4,393 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia (FOB) - 2022

The average export price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $3,921 per ton in 2022, waning by -49.1% against the previous year. Overall, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 2.5% against the previous year. Over the period under review, the average export prices attained the peak figure at $51,250 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 Russia ($4,017 per ton), while the average price for exports to Germany amounted to $1,613 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+5.0%), while the prices for the other major destinations experienced a decline.

Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia

Imports of albuminates and other albumin derivatives (excluding egg albumin)s into Latvia contracted markedly to 39 tons in 2022, waning by -22.5% compared with the previous year. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 738%. As a result, imports reached the peak of 51 tons, and then dropped remarkably in the following year.

In value terms, imports of albuminates and other albumin derivatives (excluding egg albumin)s fell to $228K in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,220%. As a result, imports reached the peak of $247K, and then contracted in the following year.

Top Suppliers of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) to Latvia in 2022:

1. Germany (15.4 tons)
2. France (13.0 tons)
3. Belgium (7.2 tons)
4. Lithuania (3.8 tons)

Exports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Latvia

Exports of albuminates and other albumin derivatives (excluding egg albumin)s from Latvia skyrocketed to 22 tons in 2022, increasing by 56% against the year before. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of albuminates and other albumin derivatives (excluding egg albumin)s dropped markedly to $87K in 2022. In general, exports enjoyed significant growth.

Top Export Markets for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) from Latvia in 2022:

1. Russia (21.3 tons)
2. Germany (0.9 tons)

Source: IndexBox Market Intelligence Platform