Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Vietnam - 2022

Contents:

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

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

In 2022, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $14,415 per ton, remaining relatively unchanged against the previous year. Overall, the import price 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 12% against the previous year. As a result, import price reached the peak level of $14,697 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($14,450 per ton) and the United States ($14,450 per ton), while the price for China ($14,440 per ton) and Germany ($14,440 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.5%), 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 Vietnam (FOB) - 2022

In 2022, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $13,635 per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7.9% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($13,638 per ton) and Spain ($13,638 per ton), while the average price for exports to Lao People's Democratic Republic ($13,634 per ton) and Singapore ($13,635 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 the Philippines (+2.2%), 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 Vietnam

For the fourth year in a row, Vietnam recorded growth in supplies from abroad of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 1% to 7.3K tons in 2022. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17%. Over the period under review, imports of attained the peak figure 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 amounted to $105M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (2466.2 tons)
2. Denmark (757.7 tons)
3. United States (652.3 tons)
4. Finland (596.2 tons)
5. Taiwan (Chinese) (446.5 tons)
6. Singapore (427.3 tons)
7. Germany (425.4 tons)
8. United Kingdom (291.5 tons)
9. Belgium (193.3 tons)
10. Bulgaria (191.0 tons)
11. Malaysia (171.8 tons)

Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Vietnam

For the fourth consecutive year, Vietnam recorded growth in shipments abroad of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 24% to 62 tons in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.4% 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 increased by +97.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds surged to $842K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +28.1% 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 increased by +110.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 58% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

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

1. South Korea (29.0 tons)
2. Cambodia (14.8 tons)
3. Thailand (5.1 tons)
4. Lao People's Democratic Republic (5.0 tons)
5. Singapore (3.7 tons)
6. Spain (2.0 tons)

Source: IndexBox Market Intelligence Platform