Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK (CIF) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK (CIF) - 2023
In November 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $16,115 per ton, waning by -4.6% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 7.5% m-o-m. As a result, import price attained the peak level of $18,226 per ton. From April 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($87,668 per ton), while the price for Italy ($6,858 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.0%), 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 the UK (FOB) - 2022
In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $22,925 per ton, with a decrease of -19.9% against the previous year. In general, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 43% against the previous year. The export price peaked at $42,325 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($62,706 per ton), while the average price for exports to Turkey ($4,496 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 Ireland (+13.1%), 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 the UK
After two years of decline, purchases abroad of enzymes; prepared enzymes not elsewhere specified or includeds increased by 20% to 11K tons in 2022. Overall, imports, however, recorded a abrupt decrease.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds amounted to $174M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.4 | 38.7 | 41.8 | 44.3 | 18.8% |
| Denmark | 36.3 | 37.6 | 23.9 | 41.7 | 4.7% |
| Netherlands | 40.0 | 43.7 | 35.8 | 10.5 | -36.0% |
| South Africa | 2.6 | 2.8 | 5.3 | 8.4 | 47.8% |
| France | 7.3 | 8.9 | 6.2 | 8.4 | 4.8% |
| Belgium | 6.8 | 7.7 | 6.2 | 7.5 | 3.3% |
| Finland | 0.4 | 0.6 | 0.9 | 7.3 | 163.3% |
| Germany | 12.7 | 11.6 | 15.0 | 6.7 | -19.2% |
| Mexico | N/A | N/A | N/A | 6.5 | 0% |
| China | 0.6 | 1.1 | 1.1 | 4.6 | 97.2% |
| Italy | 0.4 | 2.6 | 2.0 | 2.2 | 76.5% |
| Others | 15.0 | 15.2 | 16.1 | 25.8 | 19.8% |
| Total | 149 | 170 | 154 | 174 | 5.3% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to the UK in 2022:
- Denmark (4338.7 tons)
- Belgium (992.3 tons)
- Finland (900.6 tons)
- United States (897.3 tons)
- France (791.8 tons)
- Netherlands (659.9 tons)
- Germany (461.0 tons)
- Mexico (337.7 tons)
- China (325.3 tons)
- South Africa (291.9 tons)
- Italy (274.0 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK
For the fourth year in a row, the UK recorded growth in shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 26% to 4.8K tons in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% 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 +53.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds reached $110M in 2022. The total export value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 15%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.3 | 40.7 | 46.6 | 41.0 | 4.1% |
| Netherlands | 4.5 | 4.9 | 5.6 | 6.7 | 14.2% |
| Denmark | 2.1 | 1.5 | 2.2 | 6.6 | 46.5% |
| France | 4.7 | 5.4 | 5.5 | 4.9 | 1.4% |
| Turkey | 0.7 | 1.2 | 0.7 | 4.1 | 80.3% |
| Germany | 4.4 | 5.0 | 3.6 | 3.3 | -9.1% |
| Ireland | 4.0 | 5.9 | 3.6 | 2.7 | -12.3% |
| Japan | 2.4 | 3.0 | 2.5 | 2.5 | 1.4% |
| Belgium | 2.4 | 4.0 | 1.6 | 2.4 | 0.0% |
| Vietnam | 0.5 | 1.0 | 2.2 | 1.9 | 56.0% |
| Thailand | 1.6 | 1.0 | 1.3 | 1.7 | 2.0% |
| Russia | 0.4 | 3.3 | 3.5 | 1.3 | 48.1% |
| India | 0.7 | 0.4 | 1.4 | 0.8 | 4.6% |
| Others | 28.5 | 29.5 | 28.7 | 30.0 | 1.7% |
| Total | 93.1 | 107 | 109 | 110 | 5.7% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from the UK in 2022:
- Turkey (904.8 tons)
- United States (654.1 tons)
- Netherlands (432.4 tons)
- Belgium (412.6 tons)
- France (366.8 tons)
- Denmark (252.8 tons)
- Vietnam (223.4 tons)
- Thailand (198.8 tons)
- Russia (148.1 tons)
- Germany (111.3 tons)
- Ireland (96.7 tons)
- India (91.2 tons)
- Japan (84.1 tons)
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