Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Korea - 2022
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Korea (CIF) - 2022
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Korea (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Korea
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Korea
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Korea (CIF) - 2022
In December 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $14,424 per ton, which is down by -4.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 an increase of 57% month-to-month. Over the period under review, average import prices reached the peak figure at $20,067 per ton in February 2022; however, from March 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($50,234 per ton), while the price for Singapore ($3,670 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.6%), 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 Korea (FOB) - 2022
In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $10,706 per ton, surging by 29% against the previous year. Overall, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($36,985 per ton), while the average price for exports to Bangladesh ($2,567 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 Arab Emirates (+45.9%), 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 Korea
Imports of enzymes; prepared enzymes not elsewhere specified or includeds into South Korea totaled 6.7K tons in 2022, picking up by 14% against 2021. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable 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 $99M in 2022. The total import value increased at an average annual rate of +11.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 18.6 | 21.6 | 23.2 | 27.3 | 13.6% |
Denmark | 12.5 | 14.9 | 18.6 | 16.1 | 8.8% |
United States | 10.6 | 14.2 | 15.6 | 16.0 | 14.7% |
Japan | 8.1 | 6.9 | 8.3 | 7.8 | -1.3% |
Lithuania | 0.3 | 2.2 | 6.9 | 4.8 | 152.0% |
Finland | 2.3 | 1.9 | 2.9 | 3.3 | 12.8% |
Belgium | 1.6 | 2.3 | 2.4 | 2.7 | 19.1% |
France | 2.7 | 2.6 | 2.2 | 2.6 | -1.3% |
India | 1.0 | 0.9 | 2.8 | 2.2 | 30.1% |
Singapore | 0.5 | 0.4 | 1.0 | 1.3 | 37.5% |
Canada | 0.3 | 0.4 | 0.5 | 0.9 | 44.2% |
Others | 11.8 | 12.1 | 13.1 | 13.6 | 4.8% |
Total | 70.4 | 80.6 | 97.5 | 98.8 | 12.0% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to South Korea in 2022:
- China (3512.7 tons)
- Denmark (1018.6 tons)
- United States (402.5 tons)
- Singapore (370.3 tons)
- Belgium (233.5 tons)
- Finland (201.4 tons)
- Lithuania (192.2 tons)
- Canada (130.1 tons)
- India (117.2 tons)
- Japan (101.4 tons)
- France (89.1 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in South Korea
In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds exported from South Korea was estimated at 2.1K tons, growing by 3.2% on the previous year. The total export volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds skyrocketed to $23M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value 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 +52.0% against 2020 indices. 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 South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 11.4 | 4.8 | 1,764 | 3,993 | 604.9% |
Mexico | 2,194 | 2,514 | 3,075 | 2,932 | 10.1% |
Peru | 374 | 364 | 152 | 1,850 | 70.4% |
United Kingdom | 2,660 | 1,744 | 1,315 | 1,105 | -25.4% |
Egypt | 258 | 320 | 475 | 760 | 43.4% |
Indonesia | 387 | 452 | 756 | 706 | 22.2% |
Germany | 537 | 255 | 350 | 703 | 9.4% |
China | 982 | 976 | 737 | 632 | -13.7% |
Guatemala | 232 | 160 | 300 | 471 | 26.6% |
Malaysia | 901 | 474 | 547 | 379 | -25.1% |
Bangladesh | 332 | 662 | 463 | 271 | -6.5% |
Costa Rica | 48.0 | 96.3 | 98.8 | 143 | 43.9% |
Philippines | 168 | 175 | 99.2 | 120 | -10.6% |
Others | 5,886 | 6,729 | 6,901 | 8,625 | 13.6% |
Total | 14,971 | 14,927 | 17,034 | 22,690 | 14.9% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from South Korea in 2022:
- Mexico (763.2 tons)
- Egypt (272.0 tons)
- Indonesia (182.8 tons)
- United Arab Emirates (145.0 tons)
- Bangladesh (105.4 tons)
- Guatemala (102.5 tons)
- Malaysia (100.8 tons)
- Germany (88.7 tons)
- Peru (50.0 tons)
- Philippines (40.9 tons)
- Costa Rica (36.0 tons)
- China (32.8 tons)
- United Kingdom (3.0 tons)
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