Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore - 2022
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore (CIF) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $14,031 per ton, reducing by -8% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +67.4% against 2012 indices. The growth pace was the most rapid in 2020 an increase of 22%. Over the period under review, average import prices reached the maximum at $15,247 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($22,273 per ton), while the price for China ($4,339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.2%), 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 Singapore (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $12,195 per ton in September 2022, declining by -10.3% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2022 when the average export price increased by 8.5% month-to-month. As a result, the export price attained the peak level of $14,213 per ton. From July 2022 to September 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($37,440 per ton), while the average price for exports to China ($2,821 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.8%), 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 Singapore
After three years of growth, purchases abroad of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -13.7% to 11K tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, imports attained the peak of 12K tons, and then fell in the following year.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds declined rapidly to $150M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 40.8 | 69.8 | 93.6 | 59.9 | 13.7% |
| Finland | 25.1 | 27.5 | 31.1 | 31.0 | 7.3% |
| Denmark | 12.1 | 14.8 | 20.6 | 20.5 | 19.2% |
| France | 9.6 | 10.3 | 8.1 | 11.5 | 6.2% |
| China | 6.6 | 6.7 | 8.5 | 6.5 | -0.5% |
| Germany | 4.9 | 4.9 | 4.8 | 4.1 | -5.8% |
| Belgium | 5.7 | 3.4 | 4.3 | 3.8 | -12.6% |
| Others | 17.5 | 19.0 | 18.3 | 13.2 | -9.0% |
| Total | 122 | 156 | 189 | 150 | 7.1% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Singapore in 2022:
- United States (2.7K tons)
- Finland (2.5K tons)
- China (1.5K tons)
- Denmark (1.3K tons)
- France (0.7K tons)
- Belgium (0.7K tons)
- Germany (0.6K tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore
In 2022, shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -16.4% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 13%.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds dropped to $119M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 6.5% against the previous year. As a result, the exports reached the peak of $126M, and then shrank in the following year.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 25.1 | 22.2 | 24.8 | 22.9 | -3.0% |
| Vietnam | 15.1 | 16.4 | 19.3 | 17.6 | 5.2% |
| Philippines | 14.8 | 14.3 | 12.8 | 16.8 | 4.3% |
| Malaysia | 11.6 | 13.3 | 14.4 | 14.9 | 8.7% |
| Thailand | 9.3 | 12.3 | 11.6 | 11.7 | 8.0% |
| Bangladesh | 7.7 | 7.6 | 8.4 | 5.1 | -12.8% |
| China | 2.2 | 5.4 | 7.6 | 4.8 | 29.7% |
| Japan | 1.5 | 4.5 | 4.1 | 4.2 | 40.9% |
| Australia | 2.7 | 3.1 | 2.1 | 3.9 | 13.0% |
| India | 6.2 | 4.9 | 5.7 | 3.8 | -15.1% |
| Taiwan (Chinese) | 5.1 | 4.4 | 3.1 | 2.5 | -21.2% |
| United Arab Emirates | N/A | N/A | 0.2 | 1.7 | 750.0% |
| Saudi Arabia | 0.8 | 0.8 | 0.9 | 1.2 | 14.5% |
| Others | 10.5 | 9.7 | 11.5 | 8.2 | -7.9% |
| Total | 113 | 119 | 126 | 119 | 1.7% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Singapore in 2022:
- Indonesia (2102.7 tons)
- Vietnam (1845.9 tons)
- Philippines (1515.0 tons)
- Thailand (1259.0 tons)
- Malaysia (1252.3 tons)
- China (1142.7 tons)
- Bangladesh (1137.0 tons)
- Japan (551.9 tons)
- Australia (463.0 tons)
- United Arab Emirates (341.1 tons)
- Taiwan (Chinese) (241.9 tons)
- Saudi Arabia (208.3 tons)
- India (208.2 tons)
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