Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Portugal - 2023

Contents:

1. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Portugal (CIF) - 2023
2. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Portugal (FOB) - 2022
3. Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Portugal
4. Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Portugal

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Portugal (CIF) - 2023

In October 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $14,699 per ton, rising by 2.9% against the previous month. Over the period under review, import price indicated a pronounced expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for enzymes; prepared enzymes not elsewhere specified or includeds increased by +59.8% against August 2023 indices. The growth pace was the most rapid in September 2023 when the average import price increased by 55% m-o-m. The import price peaked in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Belgium ($31,217 per ton), while the price for Spain ($9,629 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+11.4%), 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 Portugal (FOB) - 2022

The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $10,938 per ton in 2022, waning by -3.8% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 81% against the previous year. As a result, the export price reached the peak level of $31,798 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 Spain ($16,023 per ton), while the average price for exports to Bangladesh ($3,309 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 Angola (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Portugal

Imports of enzymes; prepared enzymes not elsewhere specified or includeds into Portugal skyrocketed to 2.7K tons in 2022, jumping by 19% against the previous year's figure. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 fell to $19M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of $20M, and then fell in the following year.

Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Portugal in 2022:

1. Spain (1474.8 tons)
2. Denmark (397.6 tons)
3. France (235.3 tons)
4. Netherlands (230.1 tons)
5. Germany (171.9 tons)
6. Italy (50.1 tons)
7. China (48.0 tons)
8. Belgium (41.6 tons)

Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Portugal

In 2022, shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -16.8% to 298 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 1.1%. As a result, the exports attained the peak of 384 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds shrank notably to $3.3M in 2022. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 3.1%. As a result, the exports attained the peak of $4.1M, and then reduced rapidly in the following year.

Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Portugal in 2022:

1. Spain (93.7 tons)
2. Poland (78.2 tons)
3. Italy (52.5 tons)
4. Netherlands (25.5 tons)
5. Germany (13.9 tons)
6. Angola (12.2 tons)
7. Bangladesh (6.0 tons)

Source: IndexBox Market Intelligence Platform