Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in New Zealand - 2023

Contents:

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

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

The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $15,912 per ton in 2022, falling by -1.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $21,530 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($26,058 per ton), while the price for the United States ($13,348 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+12.0%), 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 New Zealand (FOB) - 2022

In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $13,692 per ton, reducing by -5.2% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 38%. As a result, the export price attained the peak level of $22,879 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Denmark ($15,235 per ton) and the United States ($13,952 per ton), while the average price for exports to China ($13,469 per ton) and Switzerland ($13,471 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.0%), 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 New Zealand

In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds imported into New Zealand was estimated at 925 tons, remaining relatively unchanged against the previous year's figure. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 66%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds fell to $15M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +50.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of $15M, and then fell slightly in the following year.

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

1. United States (255.2 tons)
2. Denmark (253.7 tons)
3. Japan (85.9 tons)
4. China (65.1 tons)
5. Finland (52.4 tons)
6. Netherlands (36.2 tons)
7. Singapore (31.8 tons)
8. United Kingdom (29.2 tons)
9. France (28.0 tons)
10. Germany (27.6 tons)
11. Australia (17.3 tons)
12. Greece (15.3 tons)

Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in New Zealand

Exports of enzymes; prepared enzymes not elsewhere specified or includeds from New Zealand reached 220 tons in 2022, growing by 12% on 2021. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. As a result, the exports attained the peak of 244 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds totaled $3M in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 19%. As a result, the exports reached the peak of $3M; afterwards, it flattened through to 2022.

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

1. Japan (96.2 tons)
2. South Korea (32.6 tons)
3. Australia (22.8 tons)
4. Switzerland (19.4 tons)
5. Germany (9.4 tons)
6. United States (8.9 tons)
7. Italy (8.2 tons)
8. Denmark (8.1 tons)
9. China (6.0 tons)
10. France (5.4 tons)

Source: IndexBox Market Intelligence Platform