Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia - 2022
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $9,373 per ton in March 2022, growing by 16% against the previous month. Over the period under review, the import price showed modest growth. The import price peaked at $9,955 per ton in June 2021; however, from July 2021 to March 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was France ($28,010 per ton), while the price for Thailand ($2,460 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.6%), 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 Indonesia (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $14,872 per ton in 2022, surging by 42% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 +102.6% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($64,820 per ton), while the average price for exports to Singapore ($1,243 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 Malaysia (+9.9%), 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 Indonesia
In 2022, after three years of growth, there was significant decline in purchases abroad of enzymes; prepared enzymes not elsewhere specified or includeds, when their volume decreased by -6.9% to 6.9K tons. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 22% against the previous year.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds expanded to $62M in 2022. The total import value increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.4 | 11.1 | 12.9 | 14.9 | 16.6% |
| Denmark | 9.1 | 12.7 | 9.8 | 13.4 | 13.8% |
| Finland | 9.9 | 9.7 | 8.1 | 6.3 | -14.0% |
| United States | 1.5 | 2.4 | 4.5 | 6.0 | 58.7% |
| Singapore | 2.3 | 2.2 | 7.6 | 5.7 | 35.3% |
| Belgium | 3.1 | 3.1 | 3.2 | 3.2 | 1.1% |
| Argentina | 3.1 | 3.1 | 2.6 | 2.3 | -9.5% |
| Germany | 0.9 | 1.6 | 2.7 | 2.0 | 30.5% |
| Australia | 0.5 | 0.6 | 0.9 | 0.3 | -15.7% |
| Others | 5.8 | 7.1 | 8.1 | 8.0 | 11.3% |
| Total | 45.4 | 53.7 | 60.4 | 62.2 | 11.1% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Indonesia in 2022:
- China (2518.0 tons)
- Denmark (1007.5 tons)
- United States (620.4 tons)
- Finland (587.2 tons)
- Singapore (509.0 tons)
- Belgium (351.5 tons)
- Germany (222.9 tons)
- Argentina (201.9 tons)
- Australia (118.8 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia
In 2022, shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -5.9% to 489 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of 636 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds surged to $7.3M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,512 | 1,601 | 1,317 | 1,595 | 1.8% |
| Germany | 183 | 163 | 325 | 1,246 | 89.5% |
| Nigeria | 1,393 | 1,805 | 875 | 1,169 | -5.7% |
| South Korea | 785 | 1,322 | 1,109 | 1,160 | 13.9% |
| China | 595 | 504 | 489 | 647 | 2.8% |
| Singapore | 233 | 164 | 222 | 131 | -17.5% |
| Malaysia | N/A | N/A | 19.6 | 48.7 | 148.5% |
| Vietnam | 40.4 | 22.8 | 39.0 | 26.2 | -13.4% |
| Others | 1,065 | 948 | 1,038 | 1,255 | 5.6% |
| Total | 5,807 | 6,529 | 5,434 | 7,279 | 7.8% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Indonesia in 2022:
- Nigeria (246.6 tons)
- Singapore (105.4 tons)
- Germany (37.3 tons)
- United States (24.6 tons)
- South Korea (23.4 tons)
- Vietnam (9.9 tons)
- Malaysia (9.3 tons)
- China (8.7 tons)
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