Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Sri Lanka - 2022

Contents:

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

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

In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $9,034 per ton, increasing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2016 an increase of 26% against the previous year. As a result, import price attained the peak level of $9,490 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 France ($22,613 per ton), while the price for Taiwan (Chinese) ($2,911 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+21.1%), 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 Sri Lanka (FOB) - 2022

In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $2,704 per ton, picking up by 13% against the previous year. In general, the export price, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 an increase of 57%. The export price peaked at $3,499 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 India ($3,768 per ton), while the average price for exports to Vietnam ($1,900 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 (+11.5%), while the prices for the other major destinations experienced a decline.

Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Sri Lanka

Imports of enzymes; prepared enzymes not elsewhere specified or includeds into Sri Lanka contracted rapidly to 721 tons in 2022, which is down by -29% on the previous year's figure. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 1K tons, and then contracted dramatically in the following year.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds reduced to $6.5M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $7.6M, and then fell in the following year.

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

1. China (298.5 tons)
2. Finland (103.7 tons)
3. Denmark (88.2 tons)
4. France (74.0 tons)
5. Malaysia (38.8 tons)
6. Taiwan (Chinese) (29.9 tons)
7. India (27.9 tons)
8. Turkey (10.2 tons)
9. Singapore (1.9 tons)

Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Sri Lanka

After three years of growth, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -34.2% to 1.4K tons in 2022. Over the period under review, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 96% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then contracted sharply in the following year.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds fell significantly to $3.9M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, the exports reached the peak of $5.3M, and then contracted notably in the following year.

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

1. Bangladesh (1178.5 tons)
2. Indonesia (74.7 tons)
3. Myanmar (64.6 tons)
4. India (33.8 tons)
5. Pakistan (32.7 tons)
6. Vietnam (24.5 tons)

Source: IndexBox Market Intelligence Platform