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

Contents:

1. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Malaysia (CIF) - 2022
2. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Malaysia (FOB) - 2022
3. Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Malaysia
4. Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Malaysia

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Malaysia (CIF) - 2022

In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $10,378 per ton, surging by 7.5% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for enzymes; prepared enzymes not elsewhere specified or includeds increased by +52.4% against 2017 indices. The pace of growth was the most pronounced in 2019 an increase of 17% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($18,287 per ton), while the price for Sri Lanka ($934 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), 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 Malaysia (FOB) - 2022

In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $8,271 per ton, growing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Singapore ($20,597 per ton), while the average price for exports to Bangladesh ($3,496 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 Myanmar (+20.0%), 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 Malaysia

Imports of enzymes; prepared enzymes not elsewhere specified or includeds into Malaysia amounted to 6.5K tons in 2022, increasing by 2.4% compared with the year before. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 6.8%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds totaled $67M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

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

1. China (2080.1 tons)
2. Denmark (1814.2 tons)
3. United States (881.1 tons)
4. Singapore (369.6 tons)
5. Germany (316.6 tons)
6. Sri Lanka (206.7 tons)
7. France (168.0 tons)
8. Finland (133.0 tons)
9. Belgium (116.3 tons)

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

After three years of growth, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -5% to 4K tons in 2022. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 4.2K tons, and then declined slightly in the following year.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds expanded significantly to $33M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20%. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Bangladesh (882.6 tons)
2. Indonesia (709.5 tons)
3. Sri Lanka (420.6 tons)
4. Singapore (314.9 tons)
5. Philippines (311.7 tons)
6. Myanmar (265.9 tons)
7. Thailand (255.6 tons)
8. Germany (220.0 tons)
9. Vietnam (180.6 tons)

Source: IndexBox Market Intelligence Platform