Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan (FOB) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan (CIF) - 2022
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $50,015 per ton in 2022, waning by -4.5% against the previous year. Overall, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in 2018 an increase of 7.2% against the previous year. The export price peaked at $59,343 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($78,489 per ton), while the average price for exports to Mexico ($8,174 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 Thailand (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan (CIF) - 2022
The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $21,147 per ton in 2022, waning by -5.3% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. Over the period under review, average import prices attained the maximum at $23,898 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($71,052 per ton), while the price for Singapore ($4,776 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan
For the fourth year in a row, Japan recorded growth in overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 2% to 5.9K tons in 2022. The total export volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds shrank to $296M in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. As a result, the exports reached the peak of $303M, and then shrank modestly in the following year.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.3 | 76.2 | 87.2 | 89.5 | 5.5% |
| China | 32.9 | 35.1 | 48.2 | 45.2 | 11.2% |
| Germany | 13.2 | 14.5 | 17.7 | 18.3 | 11.5% |
| France | 12.4 | 14.9 | 15.1 | 15.2 | 7.0% |
| Denmark | 13.8 | 13.2 | 18.1 | 14.2 | 1.0% |
| South Korea | 11.3 | 10.9 | 12.7 | 10.3 | -3.0% |
| Taiwan (Chinese) | 11.5 | 14.6 | 10.7 | 10.0 | -4.6% |
| India | 3.1 | 3.5 | 4.1 | 5.4 | 20.3% |
| Thailand | 4.3 | 4.7 | 5.0 | 4.9 | 4.5% |
| Netherlands | 7.4 | 6.5 | 6.9 | 4.3 | -16.6% |
| Brazil | 3.5 | 4.2 | 3.1 | 2.8 | -7.2% |
| Mexico | 1.1 | 0.8 | 1.1 | 1.1 | 0.0% |
| Others | 66.4 | 69.3 | 73.5 | 74.6 | 4.0% |
| Total | 257 | 268 | 303 | 296 | 4.8% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Japan in 2022:
- Denmark (1458.6 tons)
- United States (1159.2 tons)
- China (832.3 tons)
- Germany (390.5 tons)
- France (370.4 tons)
- Taiwan (Chinese) (298.1 tons)
- Netherlands (184.4 tons)
- Mexico (131.2 tons)
- South Korea (130.9 tons)
- Thailand (126.7 tons)
- India (112.9 tons)
- Brazil (106.8 tons)
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan
In 2022, imports of enzymes; prepared enzymes not elsewhere specified or includeds into Japan amounted to 5.1K tons, surging by 4.7% on 2021. In general, imports recorded a relatively flat trend pattern. 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 shrank slightly to $108M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of $109M, leveling off in the following year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 22.2 | 27.5 | 26.8 | 24.3 | 3.1% |
| United States | 8.5 | 11.1 | 22.6 | 22.2 | 37.7% |
| Germany | 18.1 | 13.9 | 19.2 | 16.5 | -3.0% |
| China | 14.8 | 11.7 | 13.0 | 15.0 | 0.4% |
| Singapore | 0.5 | 0.4 | 0.5 | 1.7 | 50.4% |
| Finland | 6.9 | 6.3 | 3.0 | 1.6 | -38.6% |
| Belgium | 1.6 | 1.1 | 1.4 | 1.4 | -4.4% |
| Others | 22.8 | 19.7 | 22.1 | 24.9 | 3.0% |
| Total | 95.3 | 91.7 | 109 | 108 | 4.3% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Japan in 2022:
- Denmark (1520.9 tons)
- China (1451.0 tons)
- United States (790.9 tons)
- Singapore (356.7 tons)
- Finland (248.9 tons)
- Germany (232.7 tons)
- Belgium (186.7 tons)
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