Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy (CIF) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy (CIF) - 2023
In October 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $24,330 per ton, with an increase of 46% against the previous month. Overall, import price indicated a notable expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. 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 +57.4% against August 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Switzerland ($255K per ton), while the price for China ($5,098 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 Switzerland (+11.2%), 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 Italy (FOB) - 2022
In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $14,964 per ton, growing by 15% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $15,727 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($35,163 per ton), while the average price for exports to Bangladesh ($2,977 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 India (+6.1%), 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 Italy
In 2022, imports of enzymes; prepared enzymes not elsewhere specified or includeds into Italy declined to 11K tons, waning by -12.2% against 2021. Overall, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of 12K tons, and then declined in the following year.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds dropped to $157M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of $175M, and then fell in the following year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 47.9 | 49.4 | 53.9 | 54.6 | 4.5% |
| Germany | 28.3 | 26.3 | 34.5 | 30.5 | 2.5% |
| Netherlands | 22.0 | 23.4 | 25.3 | 21.8 | -0.3% |
| France | 13.3 | 15.3 | 28.5 | 18.6 | 11.8% |
| China | 2.6 | 2.6 | 3.8 | 3.5 | 10.4% |
| Belgium | 2.9 | 3.4 | 4.7 | 3.4 | 5.4% |
| Bulgaria | 2.1 | 2.4 | 2.5 | 1.9 | -3.3% |
| Others | 19.8 | 19.3 | 22.2 | 22.4 | 4.2% |
| Total | 139 | 142 | 175 | 157 | 4.1% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Italy in 2022:
- Denmark (5.0K tons)
- Netherlands (1.9K tons)
- Germany (1.4K tons)
- France (0.7K tons)
- China (0.5K tons)
- Bulgaria (0.5K tons)
- Belgium (0.4K tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy
In 2022, exports of enzymes; prepared enzymes not elsewhere specified or includeds from Italy shrank to 4.7K tons, with a decrease of -7.4% on the year before. The total export volume increased at an average annual rate of +2.2% 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 2021 with an increase of 32%. As a result, the exports reached the peak of 5.1K tons, and then reduced in the following year.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds rose notably to $70M in 2022. The total export value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.2 | 7.5 | 12.5 | 14.0 | 31.2% |
| France | 11.6 | 7.6 | 3.7 | 7.6 | -13.1% |
| India | 3.1 | 2.2 | 1.8 | 4.8 | 15.7% |
| United States | 3.1 | 3.7 | 4.1 | 4.4 | 12.4% |
| Spain | 1.5 | 1.7 | 2.4 | 2.4 | 17.0% |
| Romania | 1.4 | 2.2 | 1.4 | 2.2 | 16.3% |
| Egypt | 2.0 | 2.4 | 1.9 | 1.5 | -9.1% |
| Bangladesh | 1.0 | 1.0 | 2.0 | 1.4 | 11.9% |
| Lithuania | 0.3 | 0.7 | 0.8 | 1.4 | 67.1% |
| Netherlands | 0.6 | 0.6 | 1.3 | 1.2 | 26.0% |
| Turkey | 1.3 | 1.1 | 1.5 | 1.1 | -5.4% |
| United Arab Emirates | 0.2 | 0.3 | 0.5 | 0.6 | 44.2% |
| Tunisia | 0.4 | 0.2 | 0.3 | 0.6 | 14.5% |
| Others | 26.9 | 26.6 | 31.6 | 26.7 | -0.2% |
| Total | 59.5 | 57.7 | 66.0 | 70.0 | 5.6% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Italy in 2022:
- France (854.0 tons)
- Germany (508.9 tons)
- Bangladesh (474.7 tons)
- India (202.3 tons)
- Netherlands (182.1 tons)
- Romania (164.8 tons)
- Tunisia (151.4 tons)
- Lithuania (143.8 tons)
- United Arab Emirates (127.3 tons)
- Egypt (127.0 tons)
- United States (126.2 tons)
- Spain (114.0 tons)
- Turkey (92.8 tons)
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