Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania - 2023
Contents:
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania (FOB) - 2023
- Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania (CIF) - 2022
- Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania
- Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania (FOB) - 2023
In November 2023, the average export price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $8,613 per ton, surging by 8.4% against the previous month. Overall, the export price, however, recorded a perceptible setback. The pace of growth was the most pronounced in July 2023 an increase of 19% against the previous month. The export price peaked at $12,568 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In November 2023, the countries with the highest prices were India ($9,840 per ton) and Hungary ($9,364 per ton), while the average price for exports to Bulgaria ($7,378 per ton) and Poland ($7,604 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania (CIF) - 2022
In 2022, the average import price for albumins; milk albumin, including concentrates of two or more whey proteinses amounted to $9,177 per ton, increasing by 7% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 226%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
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 Denmark ($13,432 per ton), while the price for Germany ($3,363 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania
In 2022, the amount of albumins; milk albumin, including concentrates of two or more whey proteinses exported from Lithuania shrank markedly to 4.7K tons, waning by -15.8% on the previous year's figure. Overall, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 8.8%. As a result, the exports reached the peak of 5.6K tons, and then contracted markedly in the following year.
In value terms, exports of albumins; milk albumin, including concentrates of two or more whey proteinses soared to $46M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. 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 Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.0 | 7.3 | 13.1 | 18.2 | 31.5% |
| Poland | 3.3 | 4.1 | 7.8 | 14.1 | 62.3% |
| Netherlands | 3.5 | 3.4 | 3.7 | 3.6 | 0.9% |
| Spain | 0.6 | 2.1 | 0.9 | 2.2 | 54.2% |
| Hungary | N/A | 0.2 | 3.2 | 2.0 | 216.2% |
| United Kingdom | 8.0 | 9.1 | N/A | 1.7 | -40.3% |
| Belgium | N/A | 1.0 | 0.9 | 1.7 | 30.4% |
| Russia | 1.0 | 1.2 | 3.0 | 0.3 | -33.1% |
| Others | 1.6 | 0.7 | 3.9 | 1.9 | 5.9% |
| Total | 26.0 | 29.1 | 36.6 | 45.9 | 20.9% |
Top Export Markets for Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins from Lithuania in 2022:
- Germany (1981.1 tons)
- Poland (1263.5 tons)
- Netherlands (410.7 tons)
- Spain (287.0 tons)
- Belgium (222.2 tons)
- United Kingdom (190.8 tons)
- Hungary (178.8 tons)
- Russia (25.4 tons)
Imports of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania
In 2022, approx. 31 tons of albumins; milk albumin, including concentrates of two or more whey proteinses were imported into Lithuania; with an increase of 87% against the previous year's figure. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of albumins; milk albumin, including concentrates of two or more whey proteinses soared to $288K in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 23.2 | 63.3 | 114 | 168 | 93.5% |
| Netherlands | 6.8 | 15.6 | 19.1 | 51.8 | 96.8% |
| Germany | 49.7 | 7.2 | 10.0 | 32.8 | -12.9% |
| Denmark | N/A | N/A | N/A | 19.3 | 0% |
| Czech Republic | N/A | N/A | N/A | 6.1 | 0% |
| Others | 0.5 | 0.7 | 0.9 | 10.0 | 171.4% |
| Total | 80.1 | 86.9 | 144 | 288 | 53.2% |
Top Suppliers of Albumins; Milk Albumin, Including Concentrates of Two or More Whey Proteins to Lithuania in 2022:
- Poland (15.0 tons)
- Germany (9.8 tons)
- Netherlands (4.0 tons)
- Denmark (1.4 tons)
- Czech Republic (0.6 tons)
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