Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria (FOB) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria (CIF) - 2022
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $6,791 per ton in 2022, rising by 3.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 9.1%. Over the period under review, the average export prices reached the peak figure at $7,937 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
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 the United States ($11,422 per ton), while the average price for exports to Algeria ($2,264 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 Brazil (+4.4%), 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 Bulgaria (CIF) - 2022
The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $14,610 per ton in 2022, increasing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
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 Japan ($123,122 per ton), while the price for the UK ($4,911 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.9%), 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 Bulgaria
In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds exported from Bulgaria amounted to 12K tons, therefore, remained relatively stable against 2021 figures. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, the exports reached the peak of 12K 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 expanded modestly to $82M in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 14%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.6 | 22.1 | 17.7 | 21.0 | 8.2% |
| Russia | 8.2 | 8.2 | 11.7 | 8.6 | 1.6% |
| Netherlands | 8.0 | 9.9 | 7.2 | 8.1 | 0.4% |
| Thailand | 2.5 | 3.1 | 4.7 | 3.3 | 9.7% |
| Spain | 3.6 | 3.5 | 4.4 | 3.2 | -3.9% |
| Poland | 2.5 | 2.8 | 2.5 | 3.0 | 6.3% |
| Brazil | 1.9 | 2.9 | 2.8 | 2.7 | 12.4% |
| China | 2.1 | 3.5 | 3.0 | 2.7 | 8.7% |
| Turkey | 1.4 | 2.0 | 1.5 | 2.3 | 18.0% |
| Vietnam | 0.3 | 0.3 | 0.5 | 2.0 | 88.2% |
| Italy | 1.7 | 1.9 | 2.1 | 1.7 | 0.0% |
| South Africa | 0.1 | 0.5 | 0.8 | 1.1 | 122.4% |
| Algeria | 0.7 | 0.6 | 0.4 | 0.5 | -10.6% |
| Others | 19.6 | 17.5 | 20.1 | 21.9 | 3.8% |
| Total | 69.2 | 78.9 | 79.5 | 82.2 | 5.9% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Bulgaria in 2022:
- United States (1837.5 tons)
- Netherlands (1698.1 tons)
- Russia (974.4 tons)
- Poland (712.4 tons)
- Spain (569.5 tons)
- China (497.5 tons)
- Brazil (402.3 tons)
- Italy (401.2 tons)
- Turkey (394.3 tons)
- Vietnam (376.5 tons)
- Thailand (358.2 tons)
- South Africa (255.2 tons)
- Algeria (226.2 tons)
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria
In 2022, supplies from abroad of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -37.3% to 1.4K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 13%. As a result, imports attained the peak of 3.4K 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 contracted notably to $20M in 2022. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. As a result, imports attained the peak of $31M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.3 | 10.7 | 7.1 | 6.3 | -8.8% |
| China | 7.8 | 8.1 | 5.7 | 2.6 | -30.7% |
| Denmark | 2.0 | 2.1 | 2.6 | 2.2 | 3.2% |
| Netherlands | 1.4 | 1.5 | 2.5 | 1.5 | 2.3% |
| Germany | 1.4 | 1.8 | 1.7 | 1.4 | 0.0% |
| France | 0.8 | 1.1 | 0.9 | 1.2 | 14.5% |
| Hungary | 1.5 | 1.3 | 1.3 | 1.1 | -9.8% |
| Belgium | 1.6 | 1.6 | 1.3 | 1.0 | -14.5% |
| Poland | 0.5 | 0.5 | 0.5 | 0.6 | 6.3% |
| United Kingdom | 0.6 | 0.6 | 0.1 | 0.2 | -30.7% |
| Hong Kong SAR | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Spain | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 1.7 | 1.6 | 1.4 | 1.4 | -6.3% |
| Total | 27.7 | 31.2 | 25.2 | 19.9 | -10.4% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Bulgaria in 2022:
- Denmark (274.5 tons)
- Netherlands (264.5 tons)
- China (234.8 tons)
- Hungary (122.6 tons)
- Germany (106.4 tons)
- Poland (55.6 tons)
- Japan (51.5 tons)
- Belgium (40.2 tons)
- Spain (39.4 tons)
- France (38.9 tons)
- United Kingdom (38.5 tons)
- Hong Kong SAR (25.7 tons)
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