Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia - 2022
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia (CIF) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $7,575 per ton, with a decrease of -6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the maximum at $8,371 per ton in 2019; however, from 2020 to 2022, 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 the UK ($20,743 per ton), while the price for the United States ($3,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.7%), 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 Saudi Arabia (FOB) - 2022
In 2021, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $11,453 per ton, surging by 10% against the previous year. Overall, the export price saw a measured increase. Over the period under review, the average export prices hit record highs at $36,403 per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2015 to 2021, the rate of growth in terms of prices for China amounted to -22.2% per year.
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia
In 2022, approx. 2K tons of enzymes; prepared enzymes not elsewhere specified or includeds were imported into Saudi Arabia; which is down by -10.2% on the year before. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of 2.3K tons, and then dropped in the following year.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds shrank remarkably to $16M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $18M, and then declined markedly in the following year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 5.1 | 7.7 | 9.0 | 7.7 | 14.7% |
| United Kingdom | 4.9 | 0.4 | 3.3 | 2.9 | -16.0% |
| Finland | 2.0 | 1.6 | 2.3 | 2.0 | 0.0% |
| United States | 1.3 | 0.6 | N/A | 0.9 | -11.5% |
| Germany | 0.4 | 0.4 | 0.9 | 0.8 | 26.0% |
| Belgium | 0.5 | 0.6 | N/A | N/A | 20.0% |
| United Arab Emirates | N/A | N/A | 0.7 | N/A | 0% |
| Others | 1.2 | 1.4 | 2.1 | 1.3 | 2.7% |
| Total | 15.5 | 12.6 | 18.4 | 15.5 | 0.0% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Saudi Arabia in 2022:
- Denmark (634.1 tons)
- Finland (450.1 tons)
- United States (303.7 tons)
- United Kingdom (137.6 tons)
- Germany (57.3 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia
In 2021, the amount of enzymes; prepared enzymes not elsewhere specified or includeds exported from Saudi Arabia dropped rapidly to 7.4 tons, with a decrease of -33.7% compared with 2020. Over the period under review, exports faced a significant curtailment.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds fell rapidly to $84K in 2021. Overall, exports showed a dramatic decrease.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| China | 86.6 | 2.6 | -97.0% | ||
| United Arab Emirates | 17.6 | N/A | 0% | ||
| Sudan | 11.5 | N/A | 0% | ||
| Others | N/A | 81.7 | 0% | ||
| Total | 116 | 84.3 | -27.3% | ||
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Saudi Arabia in 2022:
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