Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hungary - 2023

Contents:

1. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hungary (CIF) - 2023
2. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hungary (FOB) - 2023
3. Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hungary
4. Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hungary

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Hungary (CIF) - 2023

In October 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $87,104 per ton, with an increase of 992% against the previous month. In general, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was China ($137K per ton), while the price for Switzerland ($27,144 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+21.9%), 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 Hungary (FOB) - 2023

The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $12,214 per ton in October 2023, reducing by -21.1% against the previous month. In general, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in June 2023 an increase of 85% month-to-month. Over the period under review, the average export prices reached the maximum at $27,470 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Albania ($55,218 per ton), while the average price for exports to Russia ($7,803 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of enzymes; prepared enzymes not elsewhere specified or includeds into Hungary rose to 6.5K tons in 2022, increasing by 4.8% against the previous year's figure. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds declined slightly to $43M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 4.3% against the previous year. As a result, imports attained the peak of $43M, leveling off in the following year.

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

1. Denmark (2294.4 tons)
2. Netherlands (2167.2 tons)
3. Spain (562.6 tons)
4. Belgium (356.0 tons)
5. Germany (344.2 tons)
6. Finland (315.0 tons)
7. Austria (218.2 tons)

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

In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds exported from Hungary surged to 464 tons, growing by 53% compared with the year before. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 73%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds skyrocketed to $6.2M in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Bulgaria (153.6 tons)
2. Romania (93.3 tons)
3. Serbia (73.2 tons)
4. Czech Republic (42.8 tons)
5. Croatia (33.1 tons)
6. Slovakia (18.0 tons)
7. United Kingdom (15.2 tons)

Source: IndexBox Market Intelligence Platform