Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Oman - 2022

Contents:

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

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Oman (CIF) - 2022

The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $5,161 per ton in 2022, growing by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 when the average import price increased by 53%. As a result, import price attained the peak level of $6,379 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($16,376 per ton), while the price for India ($3,067 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 Arab Emirates (+5.0%), 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 Oman (FOB) - 2022

The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $13,622 per ton in 2022, jumping by 296% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. Over the period under review, the average export prices hit record highs at $14,444 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2016 to 2022, the rate of growth in terms of prices for Qatar amounted to -2.6% per year.

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

In 2022, approx. 784 tons of enzymes; prepared enzymes not elsewhere specified or includeds were imported into Oman; surging by 11% on the previous year's figure. The total import volume increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds rose rapidly to $4M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1,7441,8572,8312,96819.4%
Germany384205237297-8.2%
Netherlands14227156.823718.6%
Denmark16724.777.81894.2%
India56.577.310270.07.4%
South Korea100196N/AN/A96.0%
Others402295262283-11.0%
Total2,9972,9263,5664,04510.5%

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

  1. United Arab Emirates (688.3 tons)
  2. India (22.8 tons)
  3. Germany (21.6 tons)
  4. Denmark (17.9 tons)
  5. Netherlands (14.5 tons)

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

In 2022, shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -97.2% to 1.2 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 627%.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds dropped markedly to $16K in 2022. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 725% against the previous year. As a result, the exports attained the peak of $157K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Qatar1.424.28.615.8124.3%
United Arab Emirates0.77.812.3N/A319.2%
Iran14.811959.3N/A100.2%
Yemen2.15.71.5N/A-15.5%
Saudi ArabiaN/AN/A60.3N/A0%
OthersN/AN/AN/AN/A0%
Total19.015714215.9-5.8%

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

  1. Qatar (1162.0 kg)

Source: IndexBox Market Intelligence Platform

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