Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark (FOB) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark (CIF) - 2022
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark (FOB) - 2023
In October 2023, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $14,078 per ton, dropping by -1.8% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in March 2023 an increase of 6.7% m-o-m. Over the period under review, the average export prices reached the peak figure at $14,330 per ton in September 2023, and then shrank slightly in the following month.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the United States ($18,514 per ton), while the average price for exports to India ($5,559 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 Spain (+3.5%), 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 Denmark (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $6,156 per ton, dropping by -28% against the previous year. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of 26%. As a result, import price reached the peak level of $9,336 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($17,342 per ton), while the price for Lithuania ($560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+9.9%), 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 Denmark
In 2022, shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -1.6% to 125K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 3% against the previous year. As a result, the exports attained the peak of 127K tons, and then dropped slightly in the following year.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds declined slightly to $1.5B in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, the exports attained the peak of $1.6B, and then dropped modestly in the following year.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 151 | 181 | 191 | 214 | 12.3% |
| Netherlands | 150 | 159 | 159 | 150 | 0.0% |
| Germany | 122 | 146 | 165 | 132 | 2.7% |
| France | 74.0 | 86.5 | 91.9 | 86.1 | 5.2% |
| Brazil | 35.9 | 39.1 | 66.1 | 69.7 | 24.8% |
| Turkey | 53.0 | 56.7 | 62.1 | 66.6 | 7.9% |
| China | 51.0 | 53.6 | 68.8 | 62.8 | 7.2% |
| Poland | 35.6 | 38.9 | 45.7 | 45.2 | 8.3% |
| Spain | 37.8 | 42.2 | 44.7 | 41.8 | 3.4% |
| Italy | 40.0 | 44.5 | 46.1 | 38.6 | -1.2% |
| United Kingdom | 30.1 | 27.5 | 27.7 | 37.8 | 7.9% |
| Mexico | 16.5 | 19.0 | 29.5 | 33.8 | 27.0% |
| India | 20.4 | 21.8 | 20.2 | 23.0 | 4.1% |
| Others | 441 | 475 | 544 | 495 | 3.9% |
| Total | 1,258 | 1,391 | 1,561 | 1,496 | 5.9% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Denmark in 2022:
- Netherlands (16.9K tons)
- United States (11.8K tons)
- Germany (8.3K tons)
- France (7.1K tons)
- Turkey (5.7K tons)
- China (4.6K tons)
- Spain (4.6K tons)
- Poland (4.3K tons)
- Brazil (4.1K tons)
- Italy (3.7K tons)
- India (3.6K tons)
- United Kingdom (3.4K tons)
- Mexico (3.0K tons)
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark
In 2022, approx. 32K tons of enzymes; prepared enzymes not elsewhere specified or includeds were imported into Denmark; growing by 14% compared with the previous year. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed 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 sharply to $195M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $238M, and then declined significantly in the following year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.6 | 28.9 | 41.0 | 51.7 | 7.5% |
| United States | 43.7 | 46.8 | 73.0 | 33.5 | -8.5% |
| Germany | 23.3 | 22.9 | 24.5 | 24.5 | 1.7% |
| Netherlands | 20.4 | 23.8 | 22.8 | 17.2 | -5.5% |
| Belgium | 25.1 | 18.0 | 27.7 | 16.7 | -12.7% |
| Japan | 14.6 | 13.9 | 19.1 | 15.5 | 2.0% |
| Finland | 6.1 | 5.4 | 6.3 | 6.3 | 1.1% |
| Brazil | 0.7 | 1.4 | 3.1 | 6.0 | 104.7% |
| Lithuania | 0.3 | 0.2 | 0.2 | 0.7 | 32.6% |
| Others | 17.6 | 16.3 | 20.6 | 22.9 | 9.2% |
| Total | 193 | 178 | 238 | 195 | 0.3% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Denmark in 2022:
- China (16.0K tons)
- United States (3.9K tons)
- Germany (3.4K tons)
- Japan (1.8K tons)
- Netherlands (1.2K tons)
- Lithuania (1.2K tons)
- Belgium (1.0K tons)
- Finland (0.8K tons)
- Brazil (0.5K tons)
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