Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Myanmar - 2022
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Myanmar (CIF) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Myanmar
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Myanmar (CIF) - 2022
The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $6,403 per ton in 2022, rising by 54% against the previous year. In general, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 63% against the previous year. The import price peaked at $6,537 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($12,096 per ton), while the price for China ($2,972 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Myanmar
In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds imported into Myanmar dropped notably to 664 tons, falling by -38% against 2021. Over the period under review, imports, however, saw a noticeable increase. The growth pace was the most rapid in 2021 with an increase of 91%. As a result, imports attained the peak of 1.1K tons, and then plummeted in the following year.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds declined to $4.3M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.6% 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 +71.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48%.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 494 | 1,554 | 639 | 1,151 | 32.6% |
| China | 1,018 | 516 | 798 | 978 | -1.3% |
| United States | 611 | 975 | 425 | 600 | -0.6% |
| Singapore | 6.2 | 0.7 | 558 | 568 | 350.8% |
| Malaysia | 38.0 | 61.0 | 153 | 143 | 55.5% |
| Belgium | 21.0 | 1.6 | 18.5 | 65.1 | 45.8% |
| Thailand | 109 | 52.7 | 1,352 | 0.4 | -84.6% |
| Taiwan (Chinese) | 32.0 | 36.0 | 20.0 | N/A | -20.9% |
| Others | 158 | 473 | 504 | 748 | 67.9% |
| Total | 2,487 | 3,669 | 4,469 | 4,254 | 19.6% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Myanmar in 2022:
- China (329.0 tons)
- Denmark (122.0 tons)
- United States (97.4 tons)
- Singapore (47.0 tons)
- Malaysia (24.0 tons)
- Belgium (13.3 tons)
- Thailand (0.1 tons)
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