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

Contents:

1. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Pakistan (CIF) - 2023
2. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Pakistan (FOB) - 2022
3. Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Pakistan
4. Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Pakistan

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

The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $6,539 per ton in June 2023, stabilizing at the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 19% against the previous month. The import price peaked at $6,941 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($22,807 per ton), while the price for Finland ($4,374 per ton) was amongst the lowest.

From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Africa (+16.9%), 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 Pakistan (FOB) - 2022

The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $3,022 per ton in 2022, rising by 181% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The export price peaked at $4,493 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($4,285 per ton), while the average price for exports to Hong Kong SAR stood at $2,114 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+358.6%), 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 Pakistan

For the fourth consecutive year, Pakistan recorded growth in purchases abroad of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 39% to 4.4K tons in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 44%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds skyrocketed to $29M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. China (2465.2 tons)
2. Finland (695.7 tons)
3. Denmark (440.0 tons)
4. United States (209.5 tons)
5. Turkey (161.0 tons)
6. India (76.0 tons)

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

In 2022, exports of enzymes; prepared enzymes not elsewhere specified or includeds from Pakistan contracted notably to 1.1 tons, dropping by -94.6% against the previous year. In general, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 1,301% against the previous year. As a result, the exports attained the peak of 20 tons, and then fell rapidly in the following year.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds shrank sharply to $3.2K in 2022. Overall, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 284% against the previous year. As a result, the exports reached the peak of $21K, and then fell dramatically in the following year.

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

1. Hong Kong SAR (624.0 kg)
2. Bangladesh (449.0 kg)

Source: IndexBox Market Intelligence Platform