Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Nigeria - 2022
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Nigeria (CIF) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Nigeria
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Nigeria (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $8,902 per ton, which is down by -31.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $19,132 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($26,184 per ton), while the price for India ($3,217 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Nigeria
In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds imported into Nigeria soared to 3.2K tons, with an increase of 30% compared with the previous year's figure. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 143%. As a result, imports attained the peak of 3.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds dropped to $29M in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 153% against the previous year. As a result, imports reached the peak of $40M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.0 | 10.6 | 8.3 | 7.2 | 21.6% |
| China | 0.2 | 0.3 | 0.5 | 5.7 | 205.5% |
| Denmark | 3.4 | 8.4 | 7.7 | 5.0 | 13.7% |
| Belgium | 1.6 | 2.7 | 1.3 | 1.8 | 4.0% |
| Indonesia | 1.9 | 5.3 | 1.0 | 1.6 | -5.6% |
| Netherlands | 1.6 | 3.7 | 1.4 | 1.3 | -6.7% |
| United States | 0.4 | 0.9 | 1.3 | 1.3 | 48.1% |
| Turkey | 0.5 | 2.3 | 3.2 | 1.2 | 33.9% |
| India | 0.1 | 0.5 | 0.3 | 0.1 | 0.0% |
| Others | 2.2 | 5.8 | 7.5 | 3.5 | 16.7% |
| Total | 16.0 | 40.4 | 32.4 | 28.8 | 21.6% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Nigeria in 2022:
- China (1470.6 tons)
- Denmark (414.0 tons)
- Germany (276.2 tons)
- Indonesia (257.1 tons)
- Belgium (178.2 tons)
- Turkey (141.8 tons)
- United States (112.7 tons)
- Netherlands (76.2 tons)
- India (45.7 tons)
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