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

Contents:

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

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

The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $16,684 per ton in 2022, with a decrease of -2.3% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 20%. The import price peaked at $17,068 per ton in 2021, and then declined slightly 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 United States ($43,280 per ton), while the price for China ($2,683 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+11.6%), 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 Kenya (FOB) - 2022

In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $16,976 per ton, growing by 62% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2020 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($33,045 per ton), while the average price for exports to Uganda ($1,676 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 Tanzania (+17.7%), 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 Kenya

In 2022, imports of enzymes; prepared enzymes not elsewhere specified or includeds into Kenya expanded notably to 525 tons, with an increase of 8.4% against the year before. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds expanded rapidly to $8.8M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Denmark (220.6 tons)
2. South Africa (107.7 tons)
3. Germany (62.1 tons)
4. India (41.2 tons)
5. France (18.2 tons)
6. United States (18.2 tons)
7. China (15.1 tons)
8. Turkey (9.8 tons)

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

For the third consecutive year, Kenya recorded decline in overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds, which decreased by -16.2% to 14 tons in 2022. Over the period under review, exports continue to indicate a sharp reduction.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds skyrocketed to $232K in 2022. In general, exports, however, saw a relatively flat trend pattern.

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

1. Uganda (6.3 tons)
2. Tanzania (5.8 tons)
3. Rwanda (1.2 tons)
4. South Sudan (0.3 tons)

Source: IndexBox Market Intelligence Platform