Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia (CIF) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $17,892 per ton, surging by 15% against the previous year. Overall, the import price showed a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 ($49,727 per ton), while the price for Denmark ($12,511 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.0%), 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 Latvia (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $70,215 per ton in 2022, rising by 335% against the previous year. Overall, the export price posted a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($461,927 per ton), while the average price for exports to Finland ($4,550 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 Lithuania (+6.9%), 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 Latvia
In 2022, purchases abroad of enzymes; prepared enzymes not elsewhere specified or includeds was finally on the rise to reach 516 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a significant expansion. As a result, imports attained 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 $9.2M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 17.9 | 67.7 | 27.5 | 4,676 | 539.3% |
| Denmark | 492 | 297 | 532 | 3,376 | 90.0% |
| Lithuania | 370 | 515 | 493 | 376 | 0.5% |
| Italy | 136 | 108 | 3.6 | 207 | 15.0% |
| Poland | 130 | 108 | 103 | 147 | 4.2% |
| Others | 457 | 555 | 407 | 448 | -0.7% |
| Total | 1,603 | 1,650 | 1,566 | 9,230 | 79.2% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Latvia in 2022:
- Denmark (269.8 tons)
- Netherlands (206.3 tons)
- Lithuania (11.4 tons)
- Italy (10.6 tons)
- Poland (10.4 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia
Exports of enzymes; prepared enzymes not elsewhere specified or includeds from Latvia soared to 117 tons in 2022, rising by 694% on the year before. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds skyrocketed to $8.2M in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 4,623 | 0% |
| Russia | 50.9 | 53.9 | 47.7 | 3,228 | 298.8% |
| Uzbekistan | 23.1 | 98.9 | 79.7 | 88.6 | 56.5% |
| Estonia | 42.2 | 29.1 | 28.0 | 45.7 | 2.7% |
| Kyrgyzstan | N/A | N/A | N/A | 20.4 | 0% |
| Finland | N/A | 9.0 | 4.4 | 20.1 | 49.4% |
| Lithuania | 9.9 | 4.8 | 4.5 | 11.5 | 5.1% |
| Denmark | N/A | N/A | 52.6 | N/A | 0% |
| Others | 9.2 | 18.4 | 20.2 | 156 | 156.9% |
| Total | 135 | 214 | 237 | 8,194 | 293.0% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Latvia in 2022:
- Russia (86.9 tons)
- China (10.0 tons)
- Uzbekistan (5.5 tons)
- Finland (4.4 tons)
- Estonia (4.0 tons)
- Kyrgyzstan (3.7 tons)
- Lithuania (0.7 tons)
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