Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium (FOB) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium (CIF) - 2022
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium (FOB) - 2023
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $13,658 per ton in October 2023, surging by 81% against the previous month. Overall, export price indicated strong growth from October 2022 to October 2023: its price increased at an average monthly rate of +8.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for enzymes; prepared enzymes not elsewhere specified or includeds increased by +81.2% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Mexico ($37,087 per ton), while the average price for exports to Iran ($4,176 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $8,386 per ton, reducing by -11.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21%. Over the period under review, average import prices hit record highs at $10,688 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($17,656 per ton), while the price for the Netherlands ($4,924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium
Exports of enzymes; prepared enzymes not elsewhere specified or includeds from Belgium soared to 38K tons in 2022, increasing by 17% on 2021. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 90%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds totaled $253M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.2% 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 +78.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 19.5 | 49.4 | 49.9 | 92.5 | 68.0% |
| France | 18.2 | 42.7 | 37.1 | 30.4 | 18.6% |
| Germany | 13.3 | 14.9 | 17.1 | 17.7 | 10.0% |
| United States | 11.5 | 11.7 | 16.3 | 16.7 | 13.2% |
| Denmark | 8.8 | 19.1 | 29.1 | 16.6 | 23.6% |
| Poland | 2.7 | 5.4 | 8.2 | 9.2 | 50.5% |
| Hungary | 1.4 | 3.7 | 3.8 | 4.8 | 50.8% |
| Sweden | 0.3 | 1.2 | 0.5 | 1.9 | 85.0% |
| Others | 66.4 | 75.3 | 72.1 | 63.3 | -1.6% |
| Total | 142 | 223 | 234 | 253 | 21.2% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Belgium in 2022:
- Netherlands (23.7K tons)
- France (3.6K tons)
- Denmark (1.5K tons)
- Germany (1.1K tons)
- United States (0.8K tons)
- Sweden (0.8K tons)
- Hungary (0.8K tons)
- Poland (0.7K tons)
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium
In 2022, imports of enzymes; prepared enzymes not elsewhere specified or includeds into Belgium stood at 18K tons, flattening at the year before. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 120%. As a result, imports attained the peak of 22K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds shrank to $153M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 decreased by -13.6% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 67%. As a result, imports reached the peak of $177M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 44.8 | 47.3 | 51.7 | 46.0 | 0.9% |
| Netherlands | 28.6 | 62.2 | 44.9 | 38.8 | 10.7% |
| United States | 5.0 | 19.2 | 21.2 | 17.2 | 51.0% |
| China | 5.2 | 4.4 | 10.8 | 12.0 | 32.1% |
| Germany | 9.8 | 14.3 | 15.0 | 9.4 | -1.4% |
| France | 5.8 | 9.3 | 8.1 | 7.9 | 10.8% |
| Finland | 0.8 | 2.2 | 1.2 | 2.9 | 53.6% |
| Others | 6.0 | 18.3 | 19.8 | 18.9 | 46.6% |
| Total | 106 | 177 | 173 | 153 | 13.0% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Belgium in 2022:
- Netherlands (7.9K tons)
- Denmark (2.6K tons)
- United States (2.3K tons)
- China (1.9K tons)
- Germany (1.4K tons)
- France (1.1K tons)
- Finland (0.5K tons)
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