Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania (FOB) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania (CIF) - 2023
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $208,806 per ton in 2022, shrinking by -38% against the previous year. Over the period under review, the export price, however, showed a measured expansion. The most prominent rate of growth was recorded in 2020 an increase of 77%. Over the period under review, the average export prices reached the maximum at $336,783 per ton in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,578,011 per ton), while the average price for exports to Estonia ($10,200 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 the United States (+32.8%), 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 Lithuania (CIF) - 2023
In October 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $18,045 per ton, increasing by 33% against the previous month. In general, import price indicated moderate growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for enzymes; prepared enzymes not elsewhere specified or includeds increased by +33.2% against September 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 74% against the previous month. As a result, import price attained the peak level of $18,788 per ton. From June 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($57,268 per ton), while the price for Bulgaria ($7,426 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania
For the fourth year in a row, Lithuania recorded growth in shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 32% to 1.5K tons in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 114% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds dropped markedly to $315M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 279% against the previous year.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.4 | 41.8 | 164 | 117 | 198.5% |
| United States | 15.5 | 82.7 | 164 | 107 | 90.4% |
| Austria | N/A | 0.1 | 14.3 | 22.1 | 1386.6% |
| Ireland | N/A | N/A | 3.9 | 21.8 | 459.0% |
| Netherlands | 5.1 | 6.3 | 8.7 | 12.5 | 34.8% |
| Russia | 2.3 | 5.1 | 6.2 | 11.9 | 73.0% |
| Belgium | 0.1 | 1.3 | 1.6 | 1.5 | 146.6% |
| China | 3.8 | 5.0 | 10.1 | 1.3 | -30.1% |
| Estonia | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Ukraine | 0.5 | 0.3 | 0.2 | 0.1 | -41.5% |
| Others | 9.1 | 12.8 | 13.5 | 19.9 | 29.8% |
| Total | 41.1 | 156 | 387 | 315 | 97.2% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Lithuania in 2022:
- Austria (701.5 tons)
- Germany (387.1 tons)
- Ireland (165.6 tons)
- Belgium (54.2 tons)
- Estonia (37.4 tons)
- Netherlands (31.3 tons)
- United States (29.9 tons)
- Russia (29.2 tons)
- Ukraine (13.4 tons)
- China (2.0 tons)
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania
In 2022, approx. 1.5K tons of enzymes; prepared enzymes not elsewhere specified or includeds were imported into Lithuania; jumping by 23% on the previous year. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 55%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds shrank significantly to $25M in 2022. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 109% against the previous year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1.9 | 2.5 | 2.5 | 7.6 | 58.7% |
| United States | 2.2 | 1.9 | 4.7 | 5.0 | 31.5% |
| Italy | 1.1 | 0.9 | 1.3 | 2.2 | 26.0% |
| China | 0.3 | 11.9 | 14.5 | 2.1 | 91.3% |
| Germany | 3.5 | 5.9 | 4.8 | 1.7 | -21.4% |
| Netherlands | 1.5 | 1.3 | 2.1 | 1.3 | -4.7% |
| Poland | 0.8 | 4.6 | 0.8 | 1.2 | 14.5% |
| Spain | 0.4 | 0.5 | 1.7 | 0.8 | 26.0% |
| France | 0.8 | 0.9 | 0.8 | 0.7 | -4.4% |
| United Kingdom | 2.0 | 1.2 | 1.8 | 0.5 | -37.0% |
| Finland | N/A | N/A | N/A | 0.3 | 0% |
| Latvia | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Others | 0.4 | 0.5 | 1.4 | 1.5 | 55.4% |
| Total | 15.5 | 32.3 | 36.4 | 25.3 | 17.7% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Lithuania in 2022:
- Denmark (702.5 tons)
- United States (216.4 tons)
- Netherlands (135.4 tons)
- Poland (65.7 tons)
- Germany (63.4 tons)
- France (63.0 tons)
- Italy (59.1 tons)
- Finland (52.7 tons)
- Latvia (34.9 tons)
- Spain (34.0 tons)
- China (33.3 tons)
- United Kingdom (13.0 tons)
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