Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Australia - 2023

Contents:

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

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

In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $15,051 per ton, which is down by -2.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2015 an increase of 29%. The import price peaked at $15,371 per ton in 2021, and then shrank modestly in the following year.

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 the Netherlands ($52,217 per ton), while the price for China ($6,279 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.6%), 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 Australia (FOB) - 2022

The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $20,595 per ton in 2022, waning by -7.4% against the previous year. In general, the export price, however, recorded a buoyant increase. The growth pace was the most rapid in 2019 when the average export price increased by 66%. The export price peaked at $22,247 per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($48,399 per ton), while the average price for exports to South Africa ($2,892 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 South Korea (+14.3%), 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 Australia

Imports of enzymes; prepared enzymes not elsewhere specified or includeds into Australia dropped slightly to 3.3K tons in 2022, remaining constant against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 5.2%. As a result, imports attained the peak of 3.3K tons, leveling off in the following year.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds declined to $50M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of $51M, and then contracted modestly in the following year.

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

1. Denmark (1748.7 tons)
2. China (587.6 tons)
3. United States (312.2 tons)
4. Belgium (140.7 tons)
5. Finland (138.3 tons)
6. Germany (80.6 tons)
7. Netherlands (78.1 tons)
8. France (42.5 tons)
9. New Zealand (33.4 tons)

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

After two years of decline, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds increased by 20% to 287 tons in 2022. In general, exports, however, recorded a deep setback.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds reached $5.9M in 2022. The total export value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 11%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

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

1. New Zealand (62.4 tons)
2. Denmark (48.3 tons)
3. China (41.7 tons)
4. South Africa (36.7 tons)
5. United States (28.6 tons)
6. South Korea (21.0 tons)
7. Thailand (11.1 tons)
8. Netherlands (9.6 tons)
9. Papua New Guinea (4.8 tons)
10. Fiji (4.6 tons)

Source: IndexBox Market Intelligence Platform