Price for Albumins; Albuminates and Other Albumin Derivatives in Vietnam - 2022
Contents:
- Price for Albumins; Albuminates and Other Albumin Derivatives in Vietnam (CIF) - 2022
- Price for Albumins; Albuminates and Other Albumin Derivatives in Vietnam (FOB) - 2022
- Imports of Albumins; Albuminates and Other Albumin Derivatives in Vietnam
- Exports of Albumins; Albuminates and Other Albumin Derivatives in Vietnam
Price for Albumins; Albuminates and Other Albumin Derivatives in Vietnam (CIF) - 2022
The average import price for albumins; albuminates and other albumin derivativeses stood at $12,625 per ton in December 2022, with an increase of 90% against the previous month. In general, import price indicated temperate growth from December 2021 to December 2022: its price increased at an average monthly rate of +4.7% 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, import price for albumins; albuminates and other albumin derivativeses decreased by -4.3% against October 2022 indices. Over the period under review, average import prices hit record highs at $13,653 per ton in January 2022; however, from February 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from India ($13,655 per ton) and France ($13,655 per ton), while the price for Poland ($12,338 per ton) and Denmark ($12,338 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Albumins; Albuminates and Other Albumin Derivatives in Vietnam (FOB) - 2022
The average export price for albumins; albuminates and other albumin derivativeses stood at $15,667 per ton in 2022, dropping by -16.7% against the previous year. Overall, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2020 an increase of 59% against the previous year. The export price peaked at $570,237 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +50.8% per year.
Imports of Albumins; Albuminates and Other Albumin Derivatives in Vietnam
After three years of growth, purchases abroad of albumins; albuminates and other albumin derivativeses decreased by -12.4% to 2.6K tons in 2022. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 2.9K tons, and then declined in the following year.
In value terms, imports of albumins; albuminates and other albumin derivativeses soared to $32M in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Albumins; Albuminates and Other Albumin Derivatives in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.8 | 4.4 | 5.5 | 11.2 | 43.4% |
| United States | 6.9 | 8.6 | 6.0 | 8.9 | 8.9% |
| Denmark | 0.2 | 1.8 | 2.7 | 3.4 | 157.1% |
| Germany | 2.9 | 0.3 | 6.4 | 2.6 | -3.6% |
| Italy | 0.6 | 0.7 | 0.8 | 1.6 | 38.7% |
| Belgium | N/A | N/A | 0.8 | 1.5 | 87.5% |
| Australia | 0.1 | 0.2 | 1.0 | 1.0 | 115.4% |
| Others | 1.1 | 0.6 | 0.3 | 1.5 | 10.9% |
| Total | 15.6 | 16.7 | 23.5 | 31.7 | 26.7% |
Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to Vietnam in 2022:
- India (820.8 tons)
- United States (718.0 tons)
- Denmark (274.5 tons)
- Belgium (239.7 tons)
- Germany (208.7 tons)
- Italy (117.7 tons)
- Australia (82.7 tons)
Exports of Albumins; Albuminates and Other Albumin Derivatives in Vietnam
Exports of albumins; albuminates and other albumin derivativeses from Vietnam declined sharply to 6 kg in 2022, shrinking by -94.2% compared with the previous year's figure. Overall, exports recorded a dramatic shrinkage. The smallest decline of -21.8% was in 2021.
In value terms, exports of albumins; albuminates and other albumin derivativeses declined rapidly to $94 in 2022. In general, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 1.6%.
| Export of Albumins; Albuminates and Other Albumin Derivatives in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | 0.5 | 0.1 | -80.0% |
| China | 12.3 | 1.9 | 1.3 | N/A | -67.5% |
| Others | 0.3 | N/A | 0.1 | N/A | -42.3% |
| Total | 12.6 | 1.9 | 2.0 | 0.1 | -80.1% |
Top Export Markets for Albumins; Albuminates and Other Albumin Derivatives from Vietnam in 2022:
- Singapore (6.0 kg)
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