Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland (FOB) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland (CIF) - 2022
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland (FOB) - 2023
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $7,123 per ton in October 2023, increasing by 23% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($13,681 per ton), while the average price for exports to Kazakhstan ($2,188 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $5,899 per ton, with a decrease of -14.5% against the previous year. Overall, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 2.5% against the previous year. The import price peaked at $11,384 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($33,174 per ton), while the price for Belgium ($2,428 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland
In 2022, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -0.2% to 58K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 6.9%. As a result, the exports attained the peak of 58K tons, leveling off in the following year.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds rose slightly to $323M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 11% 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 Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 122 | 144 | 159 | 143 | 5.4% |
| Germany | 61.0 | 41.9 | 52.5 | 84.6 | 11.5% |
| United States | 9.7 | 6.6 | 13.9 | 10.2 | 1.7% |
| Singapore | 11.5 | 9.8 | 9.9 | 9.4 | -6.5% |
| India | 7.2 | 7.1 | 4.7 | 6.9 | -1.4% |
| Russia | 7.8 | 9.6 | 11.9 | 6.7 | -4.9% |
| China | 5.8 | 2.2 | 4.8 | 5.2 | -3.6% |
| Sweden | 1.3 | 2.3 | 3.3 | 4.5 | 51.3% |
| Hungary | 2.6 | 2.4 | 2.6 | 2.3 | -4.0% |
| Others | 60.3 | 59.0 | 53.8 | 50.3 | -5.9% |
| Total | 289 | 285 | 317 | 323 | 3.8% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Finland in 2022:
- Netherlands (27.0K tons)
- Germany (16.1K tons)
- United States (1.5K tons)
- Russia (1.4K tons)
- Hungary (1.2K tons)
- China (1.1K tons)
- Singapore (1.0K tons)
- India (1.0K tons)
- Sweden (0.9K tons)
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland
For the fourth year in a row, Finland recorded growth in purchases abroad of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 3.6% to 10K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.1% 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 +77.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds fell to $61M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.9 | 16.4 | 21.0 | 17.8 | 37.1% |
| United States | 10.2 | 12.6 | 14.0 | 13.1 | 8.7% |
| Denmark | 8.6 | 10.5 | 10.8 | 9.3 | 2.6% |
| France | 5.9 | 3.7 | 5.5 | 6.2 | 1.7% |
| Germany | 2.5 | 9.2 | 7.0 | 5.8 | 32.4% |
| Argentina | 0.3 | N/A | 0.8 | 1.6 | 74.7% |
| Belgium | 8.8 | 2.5 | 3.6 | 0.5 | -61.6% |
| Others | 11.4 | 9.3 | 6.4 | 7.0 | -15.0% |
| Total | 54.6 | 64.3 | 69.3 | 61.4 | 4.0% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Finland in 2022:
- Netherlands (4.7K tons)
- United States (3.4K tons)
- Denmark (0.9K tons)
- France (0.4K tons)
- Germany (0.2K tons)
- Belgium (0.2K tons)
- Argentina (0.2K tons)
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