Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa (CIF) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa (CIF) - 2023
The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $10,933 per ton in December 2023, surging by 22% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 87% m-o-m. As a result, import price reached the peak level of $14,774 per ton. From April 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($17,863 per ton), while the price for China ($2,097 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+6.0%), 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 South Africa (FOB) - 2022
In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $19,490 per ton, surging by 25% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for enzymes; prepared enzymes not elsewhere specified or includeds decreased by -30.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 80% against the previous year. As a result, the export price attained the peak level of $28,130 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($147,809 per ton), while the average price for exports to Nigeria ($2,758 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 Zimbabwe (+15.8%), 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 South Africa
In 2022, imports of enzymes; prepared enzymes not elsewhere specified or includeds into South Africa skyrocketed to 7.5K tons, with an increase of 18% compared with 2021. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached 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 totaled $70M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 19.8 | 20.1 | 25.1 | 28.0 | 12.2% |
| Finland | 6.4 | 7.8 | 11.6 | 10.8 | 19.1% |
| United States | 19.7 | 16.6 | 12.7 | 10.2 | -19.7% |
| France | 5.2 | 5.8 | 7.5 | 7.9 | 15.0% |
| Germany | 1.5 | 1.2 | 2.1 | 3.5 | 32.6% |
| Belgium | 4.0 | 2.4 | 3.1 | 3.4 | -5.3% |
| China | 1.2 | 0.8 | 1.7 | 1.9 | 16.6% |
| Others | 4.5 | 2.9 | 3.5 | 4.5 | 0.0% |
| Total | 62.3 | 57.7 | 67.3 | 70.2 | 4.1% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to South Africa in 2022:
- Denmark (3156.7 tons)
- United States (983.5 tons)
- Finland (954.7 tons)
- China (643.0 tons)
- Belgium (634.6 tons)
- Germany (343.7 tons)
- France (307.6 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa
Exports of enzymes; prepared enzymes not elsewhere specified or includeds from South Africa reduced to 1.7K tons in 2022, with a decrease of -14.8% compared with the year before. Over the period under review, exports recorded a mild curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 1.9K tons, and then contracted in the following year.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds expanded markedly to $32M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 57%. As a result, the exports attained the peak of $43M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.8 | 3.9 | 7.0 | 9.7 | 51.3% |
| Zambia | 3.2 | 2.9 | 4.2 | 3.8 | 5.9% |
| Zimbabwe | 1.7 | 1.4 | 3.2 | 2.3 | 10.6% |
| United States | 5.8 | 22.5 | 1.5 | 2.1 | -28.7% |
| Angola | 1.7 | 1.4 | 2.3 | 1.6 | -2.0% |
| South Korea | 0.9 | 0.5 | 0.9 | 1.5 | 18.6% |
| Mozambique | 0.8 | 0.8 | 0.9 | 0.8 | 0.0% |
| Uganda | 0.9 | 0.8 | 0.6 | 0.6 | -12.6% |
| Kenya | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Botswana | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Saudi Arabia | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Tanzania | 0.8 | 0.4 | 0.3 | 0.2 | -37.0% |
| Nigeria | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Others | 8.1 | 7.6 | 8.7 | 8.4 | 1.2% |
| Total | 27.4 | 43.0 | 30.3 | 32.3 | 5.6% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from South Africa in 2022:
- Zambia (423.8 tons)
- Zimbabwe (152.3 tons)
- Mozambique (101.3 tons)
- Kenya (96.7 tons)
- Uganda (71.6 tons)
- Angola (70.2 tons)
- Nigeria (67.3 tons)
- United Kingdom (65.9 tons)
- South Korea (59.1 tons)
- United States (56.4 tons)
- Saudi Arabia (54.6 tons)
- Botswana (44.0 tons)
- Tanzania (43.6 tons)
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