Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR (FOB) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR (CIF) - 2022
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $6,187 per ton in 2022, which is down by -22.7% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 49% against the previous year. As a result, the export price reached the peak level of $13,788 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,422 per ton), while the average price for exports to China ($4,979 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 the Philippines (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $11,716 per ton, surging by 36% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $12,734 per ton in 2013; however, from 2014 to 2022, 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 Singapore ($153,234 per ton), while the price for India ($964 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+29.8%), 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 Hong Kong SAR
After three years of growth, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -17.8% to 368 tons in 2022. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds declined dramatically to $2.3M in 2022. In general, exports recorded a pronounced slump. The growth pace was the most rapid in 2020 with an increase of 23%.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 1.1 | 1.1 | 1.1 | 30.1% |
| China | 2.0 | 1.9 | 2.4 | 1.0 | -20.6% |
| Ukraine | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 2.6 | 3.1 | 3.6 | 2.3 | -4.0% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Hong Kong SAR in 2022:
- China (193.3 tons)
- United States (151.2 tons)
- Ukraine (11.1 tons)
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR
In 2022, purchases abroad of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -45.5% to 164 tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. As a result, imports attained the peak of 410 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds contracted sharply to $1.9M in 2022. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 16%. As a result, imports attained the peak of $3.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,068 | 1,583 | 738 | 767 | -10.4% |
| Japan | 513 | 526 | 462 | 241 | -22.3% |
| Taiwan (Chinese) | 160 | 50.7 | 164 | 208 | 9.1% |
| United States | 266 | 227 | 212 | 193 | -10.1% |
| Belgium | 123 | 334 | 754 | 97.4 | -7.5% |
| Denmark | 49.2 | 60.9 | 127 | 81.9 | 18.5% |
| Germany | 60.0 | 98.6 | 49.2 | 80.7 | 10.4% |
| India | 14.4 | N/A | 24.4 | 5.9 | -25.7% |
| Others | 400 | 202 | 61.5 | 247 | -14.8% |
| Total | 2,655 | 3,082 | 2,594 | 1,922 | -10.2% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Hong Kong SAR in 2022:
- China (104.1 tons)
- Taiwan (Chinese) (24.8 tons)
- Belgium (13.0 tons)
- India (6.1 tons)
- Germany (4.8 tons)
- United States (3.0 tons)
- Denmark (2.8 tons)
- Japan (1.9 tons)
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