Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia (CIF) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia (CIF) - 2022
In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $8,809 per ton, shrinking by -6.5% against the previous year. Over the period under review, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. As a result, import price attained the peak level of $11,954 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 ($13,336 per ton), while the price for Slovenia ($2,291 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $4,464 per ton in 2022, growing by 29% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 32% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($10,081 per ton), while the average price for exports to Albania ($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 Russia (+4.1%), 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 Serbia
For the fourth consecutive year, Serbia recorded growth in purchases abroad of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 6.8% to 1.8K tons in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Imports peaked 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 dropped slightly to $16M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% 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 +76.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports attained the peak of $16M, leveling off in the following year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 4.2 | 4.8 | 9.9 | 9.8 | 32.6% |
| Finland | 1.9 | 2.7 | 1.9 | 2.3 | 6.6% |
| South Africa | 0.3 | 0.5 | 0.3 | 0.9 | 44.2% |
| Germany | 0.6 | 0.5 | 0.6 | 0.6 | 0.0% |
| Italy | 0.5 | 0.4 | 0.2 | 0.3 | -15.7% |
| Belgium | 0.2 | 0.3 | 0.2 | 0.3 | 14.5% |
| China | 0.1 | 0.4 | 0.3 | 0.3 | 44.2% |
| Bulgaria | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Turkey | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| United States | 0.3 | 0.9 | 1.4 | 0.2 | -12.6% |
| Slovenia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.7 | 0.8 | 0.7 | 0.7 | 0.0% |
| Total | 9.0 | 11.8 | 15.9 | 15.9 | 20.9% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Serbia in 2022:
- Denmark (1189.6 tons)
- Finland (191.4 tons)
- Bulgaria (74.5 tons)
- South Africa (64.6 tons)
- Turkey (63.1 tons)
- Belgium (45.0 tons)
- China (43.6 tons)
- Germany (43.5 tons)
- Slovenia (36.0 tons)
- Italy (19.5 tons)
- United States (7.6 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Serbia
Exports of enzymes; prepared enzymes not elsewhere specified or includeds from Serbia surged to 360 tons in 2022, growing by 49% against 2021. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2019 indices. As a result, the exports attained 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 soared to $1.6M in 2022. Over the period under review, exports enjoyed a significant expansion. 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 Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.1 | N/A | N/A | 726 | 1836.3% |
| Bosnia and Herzegovina | 197 | 239 | 218 | 270 | 11.1% |
| North Macedonia | 79.1 | 160 | 148 | 168 | 28.5% |
| Montenegro | 130 | 136 | 127 | 161 | 7.4% |
| Albania | 30.3 | 25.6 | 177 | 152 | 71.2% |
| Greece | 89.9 | 107 | 101 | 99.1 | 3.3% |
| Others | 76.1 | 82.0 | 62.9 | 31.9 | -25.2% |
| Total | 603 | 750 | 834 | 1,608 | 38.7% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Serbia in 2022:
- Montenegro (92.6 tons)
- Albania (90.4 tons)
- Russia (72.0 tons)
- Bosnia and Herzegovina (62.8 tons)
- North Macedonia (21.7 tons)
- Greece (13.7 tons)
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