Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh - 2022

Contents:

  1. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh (CIF) - 2022
  2. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh (FOB) - 2022
  3. Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh
  4. Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh (CIF) - 2022

The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $3,147 per ton in 2022, approximately equating the previous year. In general, the import price, however, showed a slight downturn. The growth pace was the most rapid in 2016 when the average import price increased by 26%. As a result, import price attained the peak level of $4,642 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($14,658 per ton), while the price for China ($2,316 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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh (FOB) - 2022

The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $9,831 per ton in 2022, shrinking by -18.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 67% against the previous year. The export price peaked at $13,148 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($10,000 per ton), while the average price for exports to Thailand ($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 Maldives (+191.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh

In 2022, after three years of growth, there was significant decline in supplies from abroad of enzymes; prepared enzymes not elsewhere specified or includeds, when their volume decreased by -11% to 13K tons. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of 15K tons, and then declined in the following year.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds shrank to $42M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $47M, and then reduced in the following year.

Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.510.413.212.59.6%
Singapore7.67.38.55.2-11.9%
Sri Lanka2.73.33.33.25.8%
Malaysia2.12.53.53.113.9%
Turkey1.92.33.02.813.8%
India1.31.82.92.117.3%
United Arab Emirates1.01.41.61.617.0%
Italy1.00.92.01.411.9%
Spain0.30.60.91.258.7%
Australia0.50.60.80.921.6%
Thailand0.60.60.50.810.1%
Others6.85.06.56.80.0%
Total35.436.746.541.65.5%

Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Bangladesh in 2022:

  1. China (5.4K tons)
  2. Singapore (1.2K tons)
  3. Sri Lanka (1.2K tons)
  4. Turkey (1.1K tons)
  5. Malaysia (0.9K tons)
  6. United Arab Emirates (0.6K tons)
  7. Italy (0.5K tons)
  8. Spain (0.4K tons)
  9. Australia (0.3K tons)
  10. India (0.3K tons)
  11. Thailand (0.3K tons)

Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh

In 2022, shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds was finally on the rise to reach 207 kg after two years of decline. In general, exports, however, recorded a precipitous curtailment.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds rose markedly to $2K in 2022. Overall, exports, however, showed a precipitous curtailment.

Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bangladesh (USD)
COUNTRY2019202020212022CAGR,
2019-2022
MalaysiaN/AN/AN/A2,0000%
China1,90839.076.010.0-82.6%
Sri Lanka70011.036.07.0-78.5%
Thailand1,46515.012.02.0-88.9%
AustriaN/A2,227865N/A-61.2%
TurkeyN/AN/A17.0N/A0%
OthersN/AN/A77216.0-97.9%
Total4,0732,2921,7782,035-20.6%

Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Bangladesh in 2022:

  1. Malaysia (202.0 kg)
  2. Sri Lanka (1.0 kg)
  3. Thailand (1.0 kg)
  4. China (1.0 kg)

Source: IndexBox Market Intelligence Platform

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