Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada (CIF) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $15,598 per ton, picking up by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2020 when the average import price increased by 18%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($105,485 per ton), while the price for Belgium ($9,388 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.2%), 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 Canada (FOB) - 2022
In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $13,400 per ton, surging by 9.7% against the previous year. In general, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of 22%. Over the period under review, the average export prices reached the maximum at $15,953 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($14,554 per ton), while the average price for exports to Vietnam ($7,923 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 France (+4.6%), 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 Canada
In 2022, approx. 13K tons of enzymes; prepared enzymes not elsewhere specified or includeds were imported into Canada; growing by 13% compared with 2021. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached 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 surged to $206M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 73.7 | 75.2 | 104 | 131 | 21.1% |
| Japan | 16.4 | 16.4 | 18.3 | 23.6 | 12.9% |
| Denmark | 10.6 | 11.1 | 12.5 | 14.0 | 9.7% |
| China | 3.1 | 8.5 | 5.2 | 8.3 | 38.9% |
| Finland | 6.6 | 4.5 | 4.1 | 8.1 | 7.1% |
| France | 5.8 | 4.3 | 4.6 | 3.4 | -16.3% |
| Belgium | 1.5 | 1.9 | 3.0 | 3.2 | 28.7% |
| Others | 14.0 | 19.3 | 21.6 | 14.9 | 2.1% |
| Total | 132 | 141 | 174 | 206 | 16.0% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Canada in 2022:
- United States (9.3K tons)
- Denmark (1.2K tons)
- China (0.8K tons)
- Finland (0.6K tons)
- Belgium (0.3K tons)
- France (0.2K tons)
- Japan (0.2K tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada
In 2022, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -10.9% to 3K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 0.5%. As a result, the exports reached the peak of 3.5K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds reduced modestly to $41M in 2022. The total export value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $42M, and then reduced slightly in the following year.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.2 | 22.4 | 29.6 | 25.6 | 8.2% |
| Netherlands | 4.9 | 3.7 | 3.0 | 4.8 | -0.7% |
| Brazil | 0.6 | 1.9 | 2.1 | 2.0 | 49.4% |
| Germany | 1.2 | 1.1 | 1.0 | 1.5 | 7.7% |
| Vietnam | N/A | 0.4 | 0.5 | 1.2 | 73.2% |
| Bangladesh | 0.1 | 0.3 | 0.7 | 1.1 | 122.4% |
| United Kingdom | 0.6 | 0.7 | 0.8 | 0.8 | 10.1% |
| Australia | 1.0 | 0.9 | 1.5 | 0.5 | -20.6% |
| Others | 3.3 | 3.3 | 2.3 | 3.1 | -2.1% |
| Total | 31.9 | 34.7 | 41.5 | 40.6 | 8.4% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Canada in 2022:
- United States (1796.8 tons)
- Netherlands (332.2 tons)
- Brazil (195.3 tons)
- Vietnam (146.9 tons)
- Bangladesh (123.7 tons)
- Germany (104.6 tons)
- United Kingdom (56.5 tons)
- Australia (33.8 tons)
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