Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India (CIF) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India (CIF) - 2023
In October 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $7,330 per ton, falling by -16.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 55% month-to-month. As a result, import price attained the peak level of $8,779 per ton, and then declined markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($26,966 per ton), while the price for China ($4,028 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $17,582 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 8.1%. The export price peaked at $17,934 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($39,074 per ton), while the average price for exports to Thailand ($4,362 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 United Arab Emirates (+15.8%), 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 India
In 2022, imports of enzymes; prepared enzymes not elsewhere specified or includeds into India surged to 20K tons, increasing by 25% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded 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 dropped to $166M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports attained the peak of $168M, leveling off in the following year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.6 | 39.6 | 50.9 | 75.0 | 20.7% |
| Denmark | 20.6 | 20.4 | 21.1 | 19.9 | -1.1% |
| Germany | 9.3 | 14.1 | 31.6 | 15.8 | 19.3% |
| United States | 11.3 | 11.9 | 15.3 | 12.6 | 3.7% |
| Netherlands | 7.3 | 7.7 | 7.6 | 9.3 | 8.4% |
| Others | 25.3 | 29.1 | 41.2 | 33.4 | 9.7% |
| Total | 116 | 123 | 168 | 166 | 12.7% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to India in 2022:
- China (13.4K tons)
- Denmark (3.1K tons)
- United States (1.1K tons)
- Netherlands (0.7K tons)
- Germany (0.6K tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India
After three years of growth, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -10.3% to 3.6K tons in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33% against the previous year. As a result, the exports attained the peak of 4K tons, and then contracted in the following year.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds reduced to $63M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $69M, and then shrank in the following year.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.7 | 11.4 | 17.5 | 13.7 | 26.9% |
| Denmark | 3.2 | 4.5 | 8.0 | 3.2 | 0.0% |
| South Korea | 1.0 | 1.1 | 2.7 | 2.4 | 33.9% |
| Russia | 0.3 | 0.6 | 0.6 | 2.2 | 94.3% |
| Bangladesh | 1.3 | 1.8 | 2.9 | 2.1 | 17.3% |
| Malaysia | 1.0 | 1.0 | 1.8 | 2.1 | 28.1% |
| Belgium | 2.2 | 1.0 | 3.2 | 2.1 | -1.5% |
| Egypt | 1.0 | 0.9 | 1.3 | 2.0 | 26.0% |
| United Arab Emirates | 0.4 | 1.0 | 0.7 | 1.7 | 62.0% |
| Spain | 1.2 | 1.7 | 1.2 | 1.4 | 5.3% |
| Vietnam | 0.4 | 0.6 | 0.7 | 1.0 | 35.7% |
| Thailand | 0.5 | 0.6 | 0.8 | 0.9 | 21.6% |
| Nepal | 0.7 | 0.7 | 1.0 | 0.8 | 4.6% |
| Others | 22.0 | 23.4 | 26.3 | 27.0 | 7.1% |
| Total | 41.8 | 50.3 | 68.7 | 62.5 | 14.3% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from India in 2022:
- United States (350.6 tons)
- Bangladesh (335.0 tons)
- Denmark (217.5 tons)
- Thailand (203.2 tons)
- United Arab Emirates (197.3 tons)
- Vietnam (168.6 tons)
- Russia (168.1 tons)
- South Korea (142.2 tons)
- Belgium (139.4 tons)
- Egypt (139.1 tons)
- Spain (128.7 tons)
- Nepal (97.1 tons)
- Malaysia (93.0 tons)
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