Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States (CIF) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $22,226 per ton, which is down by -14.8% against the previous year. Over the period under review, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 45%. Over the period under review, average import prices reached the maximum at $26,097 per ton in 2021, and then declined in the following year.
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 Germany ($172,278 per ton), while the price for China ($4,403 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+7.7%), 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 United States (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $16,078 per ton in 2022, increasing by 3.4% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for enzymes; prepared enzymes not elsewhere specified or includeds increased by +59.1% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 18%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($56,325 per ton), while the average price for exports to Denmark ($5,019 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 the Netherlands (+6.6%), 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 the United States
In 2022, approx. 53K tons of enzymes; prepared enzymes not elsewhere specified or includeds were imported into the United States; rising by 17% against 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds totaled $1.2B in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 198 | 260 | 287 | 275 | 11.6% |
| Germany | 79.3 | 97.0 | 87.9 | 149 | 23.4% |
| Japan | 84.0 | 82.1 | 92.8 | 106 | 8.1% |
| Finland | 49.0 | 49.3 | 68.4 | 93.3 | 23.9% |
| China | 70.1 | 66.2 | 61.8 | 73.7 | 1.7% |
| France | 48.4 | 39.0 | 41.6 | 61.4 | 8.3% |
| Mexico | 28.3 | 26.7 | 40.7 | 28.9 | 0.7% |
| Canada | 18.7 | 20.3 | 27.8 | 26.3 | 12.0% |
| Netherlands | 10.2 | 11.8 | 17.0 | 24.4 | 33.7% |
| Belgium | 20.8 | 15.0 | 24.8 | 23.4 | 4.0% |
| Bulgaria | 19.7 | 21.2 | 20.4 | 18.6 | -1.9% |
| Switzerland | 5.5 | 18.1 | 23.0 | 10.8 | 25.2% |
| Others | 152 | 240 | 388 | 290 | 24.0% |
| Total | 785 | 946 | 1,181 | 1,182 | 14.6% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to the United States in 2022:
- China (16.7K tons)
- Denmark (12.8K tons)
- Finland (4.7K tons)
- Mexico (3.8K tons)
- France (2.4K tons)
- Belgium (2.1K tons)
- Bulgaria (1.9K tons)
- Canada (1.7K tons)
- Japan (1.0K tons)
- Netherlands (0.9K tons)
- Germany (0.9K tons)
- Switzerland (0.8K tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States
In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds exported from the United States declined to 66K tons, with a decrease of -7.3% against 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports attained the peak of 71K tons, and then reduced in the following year.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds shrank modestly to $1.1B in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +43.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports reached the peak of $1.1B, and then declined modestly in the following year.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 107 | 121 | 150 | 179 | 18.7% |
| Switzerland | 44.5 | 28.2 | 130 | 118 | 38.4% |
| China | 54.8 | 61.6 | 70.7 | 91.8 | 18.8% |
| Netherlands | 47.1 | 67.3 | 77.9 | 84.2 | 21.4% |
| Germany | 65.4 | 66.5 | 59.9 | 66.7 | 0.7% |
| Singapore | 39.7 | 66.7 | 101 | 64.0 | 17.3% |
| Brazil | 40.1 | 37.3 | 55.9 | 52.6 | 9.5% |
| Mexico | 44.9 | 44.0 | 48.5 | 50.0 | 3.7% |
| Denmark | 48.2 | 42.5 | 66.5 | 31.7 | -13.0% |
| India | 15.0 | 12.7 | 16.5 | 20.9 | 11.7% |
| Argentina | 13.3 | 18.5 | 24.5 | 18.4 | 11.4% |
| Belgium | 25.3 | 26.9 | 22.7 | 17.8 | -11.1% |
| Finland | 10.5 | 11.2 | 42.0 | 13.7 | 9.3% |
| Others | 187 | 200 | 245 | 257 | 11.2% |
| Total | 742 | 804 | 1,111 | 1,065 | 12.8% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from the United States in 2022:
- Canada (10.7K tons)
- Netherlands (7.0K tons)
- Denmark (6.3K tons)
- Mexico (4.6K tons)
- Brazil (4.3K tons)
- China (3.6K tons)
- Argentina (3.3K tons)
- Singapore (2.7K tons)
- Finland (2.6K tons)
- Belgium (2.5K tons)
- India (2.4K tons)
- Switzerland (2.1K tons)
- Germany (1.3K tons)
387
This report provides an in-depth analysis of the rennet market in the U.S..
415
This report provides an in-depth analysis of the global rennet market.
387
This report provides an in-depth analysis of the rennet market in the U.S..
415
This report provides an in-depth analysis of the global rennet market.
324
In value terms, rennet imports declined to $836K in April 2023.
324
In value terms, rennet imports declined to $836K in April 2023.
