Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China (FOB) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China (CIF) - 2023
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China (FOB) - 2023
In December 2023, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $4,772 per ton, shrinking by -3.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 8.4% month-to-month. The export price peaked at $5,569 per ton in July 2023; however, from August 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was South Korea ($8,895 per ton), while the average price for exports to Bangladesh ($2,077 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China (CIF) - 2023
The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $26,881 per ton in December 2023, surging by 11% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 56% against the previous month. As a result, import price reached the peak level of $30,578 per ton. From June 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($91,593 per ton), while the price for Bulgaria ($4,300 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Finland (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China
In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds exported from China skyrocketed to 109K tons, increasing by 25% compared with the previous year's figure. The total export volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds reached $554M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 56.2 | 78.2 | 66.6 | 79.9 | 12.4% |
| India | 40.1 | 36.8 | 44.4 | 59.4 | 14.0% |
| Denmark | 38.3 | 30.8 | 35.9 | 48.9 | 8.5% |
| Germany | 19.7 | 22.1 | 47.3 | 37.9 | 24.4% |
| Russia | 14.1 | 15.1 | 17.2 | 31.3 | 30.4% |
| South Korea | 16.0 | 32.9 | 40.6 | 29.8 | 23.0% |
| Vietnam | 19.7 | 18.3 | 23.9 | 28.4 | 13.0% |
| Belgium | 16.3 | 12.7 | 17.4 | 25.6 | 16.2% |
| Brazil | 8.6 | 13.0 | 18.5 | 24.9 | 42.5% |
| Indonesia | 8.0 | 8.1 | 10.3 | 13.7 | 19.6% |
| Bangladesh | 9.5 | 10.6 | 12.8 | 12.4 | 9.3% |
| Netherlands | 8.6 | 9.4 | 11.9 | 11.9 | 11.4% |
| Thailand | 8.3 | 8.5 | 9.2 | 11.0 | 9.8% |
| Others | 99.8 | 121 | 151 | 139 | 11.7% |
| Total | 363 | 418 | 507 | 554 | 15.1% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from China in 2022:
- United States (15.5K tons)
- India (13.7K tons)
- Denmark (13.3K tons)
- Brazil (7.4K tons)
- Vietnam (6.9K tons)
- Bangladesh (5.0K tons)
- Russia (3.9K tons)
- Indonesia (3.3K tons)
- Netherlands (3.2K tons)
- South Korea (3.2K tons)
- Germany (3.1K tons)
- Belgium (3.0K tons)
- Thailand (2.9K tons)
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China
Imports of enzymes; prepared enzymes not elsewhere specified or includeds into China shrank sharply to 14K tons in 2022, with a decrease of -26.1% compared with the previous year's figure. In general, imports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of 18K tons, and then reduced dramatically in the following year.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds contracted to $408M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $441M, and then declined in the following year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 55.0 | 72.1 | 103 | 113 | 27.1% |
| Denmark | 52.6 | 67.5 | 119 | 86.8 | 18.2% |
| Austria | 6.0 | 7.3 | 46.0 | 50.3 | 103.1% |
| Japan | 32.8 | 32.8 | 40.4 | 44.3 | 10.5% |
| France | 9.4 | 13.8 | 16.5 | 15.6 | 18.4% |
| Finland | 15.1 | 12.8 | 14.5 | 11.1 | -9.7% |
| Belgium | 4.5 | 6.2 | 7.9 | 6.4 | 12.5% |
| Singapore | 1.5 | 3.7 | 4.0 | 2.6 | 20.1% |
| Bulgaria | 1.9 | 2.8 | 3.7 | 2.3 | 6.6% |
| Lithuania | 4.4 | 4.3 | 10.3 | 1.7 | -27.2% |
| Argentina | 6.0 | 4.1 | 3.7 | 0.5 | -56.3% |
| Brazil | 5.0 | 0.5 | 0.6 | 0.1 | -72.9% |
| Others | 42.6 | 71.3 | 72.4 | 72.9 | 19.6% |
| Total | 237 | 299 | 441 | 408 | 19.8% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to China in 2022:
- Austria (5.4K tons)
- Denmark (3.0K tons)
- United States (1.8K tons)
- Finland (0.8K tons)
- France (0.4K tons)
- Belgium (0.3K tons)
- Japan (0.3K tons)
- Lithuania (0.2K tons)
- Bulgaria (0.2K tons)
- Singapore (0.1K tons)
- Argentina (0.1K tons)
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