Enzymes and prepared enzymes market
Enzymes and Prepared Enzymes - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | India |
| 3 | China |
| 4 | Denmark |
| 5 | Brazil |
In value terms, the largest enzymes and prepared enzymes markets worldwide were the United States, India and China, together comprising 46% of the global market.
In terms of the main consuming countries, the United States saw the highest rates of growth with regard to market size, over the period under review, while enzymes and prepared enzymes market for the other global leaders experienced more modest paces of growth.
Enzymes And Prepared Enzymes Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 6079 | 4360 | 4259 | -16.3% |
| Finland | 7175 | 7100 | 5260 | -14.4% |
| Bulgaria | 7114 | 6231 | 6393 | -5.2% |
| Belgium | 8944 | 8049 | 6981 | -11.7% |
| Singapore | 8875 | 8966 | 8320 | -3.2% |
| Japan | 8381 | 8908 | 9297 | 5.3% |
| Netherlands | 10408 | 9341 | 9786 | -3.0% |
| Denmark | 10512 | 10602 | 11416 | 4.2% |
| United States | 11146 | 12173 | 12670 | 6.6% |
| France | 19813 | 19155 | 18789 | -2.6% |
| Germany | 17931 | 19207 | 22665 | 12.4% |
| Average | 10042 | 9863 | 10274 | 1.2% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($22,665 per ton), while China ($4,259 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| United States | 13247 | 17136 | 21767 | 28.2% |
| China | 15105 | 16504 | 20523 | 16.6% |
| Germany | 10326 | 12117 | 14612 | 19.0% |
| United Kingdom | 12876 | 12364 | 11559 | -5.3% |
| France | 10960 | 10362 | 10073 | -4.1% |
| Russia | 9544 | 9130 | 9818 | 1.4% |
| Spain | 10421 | 10909 | 9554 | -4.3% |
| India | 7802 | 7380 | 8294 | 3.1% |
| Brazil | 8477 | 8132 | 8277 | -1.2% |
| Belgium | 9752 | 9205 | 7967 | -9.6% |
| Denmark | 7338 | 7434 | 7434 | 0.7% |
| Netherlands | 7263 | 6302 | 7024 | -1.7% |
| Vietnam | 7190 | 6824 | 6787 | -2.8% |
| Average | 10193 | 10342 | 11046 | 4.1% |
Prices varied noticeably by the country of destination; the country with the highest price was the United States ($21,767 per ton), while Vietnam ($6,787 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.
Enzymes and Prepared Enzymes - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 0.9 | 0.8 | 1 | 5.3% |
| Netherlands | 0.3 | 0.4 | 0.5 | 24.8% |
| Germany | 0.4 | 0.4 | 0.4 | 3.8% |
| China | 0.2 | 0.2 | 0.3 | 9.9% |
| France | 0.2 | 0.2 | 0.2 | 2.0% |
In value terms, the United States ($952M), the Netherlands ($534M) and Germany ($387M) appeared to be the countries with the highest levels of imports in 2020, together comprising 32% of global imports. These countries were followed by China, France, Belgium, Brazil, the UK, Denmark, Spain, Russia, India and Vietnam, which together accounted for a further 29%.
Among the main importing countries, Belgium saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Enzymes and Prepared Enzymes - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Denmark | 1.2 | 1.2 | 1.3 | 3.4% |
| United States | 0.7 | 0.7 | 0.8 | 9.2% |
| Netherlands | 0.4 | 0.5 | 0.7 | 30.5% |
| Germany | 0.5 | 0.5 | 0.6 | 6.7% |
| China | 0.5 | 0.4 | 0.4 | -6.5% |
In value terms, Denmark ($1.3B), the United States ($803M) and the Netherlands ($727M) constituted the countries with the highest levels of exports in 2020, together comprising 46% of global exports. Germany, China, France, Finland, Japan, Belgium, Singapore and Bulgaria lagged somewhat behind, together accounting for a further 38%.
Belgium saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Enzymes and Prepared Enzymes - Market Forecast
Driven by increasing demand for enzymes and prepared enzymes worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Enzymes and Prepared Enzymes - Product Coverage
- HS 350790 - Enzymes and prepared enzymes; other than rennet and concentrates thereof
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