Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey (CIF) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey (FOB) - 2023
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey (CIF) - 2023
In December 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $11,512 per ton, with an increase of 6.5% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $13,236 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,159 per ton), while the price for Bulgaria ($4,072 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+6.9%), 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 Turkey (FOB) - 2023
In December 2023, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $6,877 per ton, increasing by 5.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 29% m-o-m. As a result, the export price attained the peak level of $8,116 per ton. From July 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($22,014 per ton), while the average price for exports to Senegal ($2,238 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+20.5%), 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 Turkey
Imports of enzymes; prepared enzymes not elsewhere specified or includeds into Turkey totaled 12K tons in 2022, approximately reflecting 2021. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 5.6%. Over the period under review, imports of hit record highs 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 dropped to $139M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 7.2% against the previous year. As a result, imports attained the peak of $141M, and then contracted slightly in the following year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 59.1 | 67.0 | 71.6 | 74.5 | 8.0% |
| Finland | 15.0 | 15.9 | 15.0 | 14.1 | -2.0% |
| China | 17.2 | 12.1 | 16.0 | 13.9 | -6.9% |
| France | 11.7 | 13.9 | 13.9 | 13.8 | 5.7% |
| United States | 5.9 | 3.5 | 6.1 | 5.9 | 0.0% |
| Germany | 6.1 | 6.1 | 7.2 | 5.9 | -1.1% |
| Bulgaria | 1.3 | 1.8 | 1.4 | 2.1 | 17.3% |
| Others | 10.0 | 11.3 | 9.9 | 8.9 | -3.8% |
| Total | 126 | 132 | 141 | 139 | 3.3% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Turkey in 2022:
- Denmark (6.3K tons)
- Finland (1.9K tons)
- China (1.2K tons)
- France (0.7K tons)
- United States (0.7K tons)
- Bulgaria (0.4K tons)
- Germany (0.3K tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey
In 2022, approx. 7.8K tons of enzymes; prepared enzymes not elsewhere specified or includeds were exported from Turkey; therefore, remained relatively stable against 2021. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7.2%.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds skyrocketed to $51M in 2022. The total export value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 8.1 | 9.8 | 8.2 | 7.4 | -3.0% |
| Russia | 0.3 | 0.4 | 0.5 | 6.8 | 183.0% |
| Sudan | 3.1 | 3.6 | 0.7 | 3.3 | 2.1% |
| Bangladesh | 1.9 | 2.3 | 3.0 | 2.8 | 13.8% |
| Pakistan | 2.5 | 2.0 | 1.1 | 2.0 | -7.2% |
| Azerbaijan | 0.8 | 2.3 | 1.3 | 1.6 | 26.0% |
| Egypt | 1.4 | 1.2 | 1.7 | 1.5 | 2.3% |
| Iraq | 0.5 | 0.6 | 1.2 | 1.5 | 44.2% |
| Nigeria | 2.6 | 3.1 | 3.7 | 1.4 | -18.6% |
| Kazakhstan | 1.2 | 1.2 | 1.5 | 1.2 | 0.0% |
| Georgia | 1.2 | 1.0 | 1.0 | 1.0 | -5.9% |
| Cote d'Ivoire | 1.1 | 0.6 | 1.1 | 0.3 | -35.2% |
| Others | 15.5 | 17.4 | 19.3 | 20.2 | 9.2% |
| Total | 40.1 | 45.5 | 44.2 | 51.1 | 8.4% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Turkey in 2022:
- Bangladesh (1070.4 tons)
- Iran (890.6 tons)
- Russia (605.4 tons)
- Azerbaijan (409.2 tons)
- Egypt (394.9 tons)
- Iraq (364.1 tons)
- Georgia (310.1 tons)
- Pakistan (301.0 tons)
- Sudan (182.6 tons)
- Cote d'Ivoire (154.8 tons)
- Kazakhstan (114.7 tons)
- Nigeria (110.9 tons)
282
This report provides an in-depth analysis of the rennet market in Turkey.
417
This report provides an in-depth analysis of the global rennet market.
282
This report provides an in-depth analysis of the rennet market in Turkey.
417
This report provides an in-depth analysis of the global rennet market.
361
In December 2022, the price of rennet was $28.2 per kg, a 406% increase from the previous month (CIF, Turkey)
361
In December 2022, the price of rennet was $28.2 per kg, a 406% increase from the previous month (CIF, Turkey)
