Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg (CIF) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg (FOB) - 2023
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg (CIF) - 2023
In October 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $600K per ton, picking up by 5,342% against the previous month. Over the period under review, the import price showed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($728K per ton), while the price for China ($142K per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.5%), 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 Luxembourg (FOB) - 2023
In October 2023, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $6,356 per ton, declining by -98.5% against the previous month. Overall, the export price continues to indicate a dramatic contraction. The growth pace was the most rapid in May 2023 an increase of 67% month-to-month. As a result, the export price reached the peak level of $805K per ton. From June 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +0.1% per month.
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg
In 2022, overseas purchases of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -3.5% to 2K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, imports attained the peak of 2K tons, and then dropped in the following year.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds dropped notably to $23M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 97% against the previous year.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 6.0 | 10.2 | 13.2 | 48.3% |
| France | 0.2 | 0.2 | 2.1 | 2.4 | 128.9% |
| Denmark | 3.8 | 4.9 | 5.9 | 1.9 | -20.6% |
| Finland | 5.3 | 1.4 | 2.8 | N/A | -27.3% |
| Others | 0.2 | 6.3 | 7.8 | 5.3 | 198.1% |
| Total | 9.5 | 18.8 | 28.8 | 22.8 | 33.9% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Luxembourg in 2022:
- Netherlands (1467.8 tons)
- France (253.5 tons)
- Denmark (185.9 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg
In 2022, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds decreased by -55.6% to 14 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 177%. As a result, the exports attained the peak of 45 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds contracted rapidly to $5.1M in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,184%.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 6.3 | 7.0 | 4.5 | -15.5% |
| France | 0.4 | 0.4 | 0.3 | 0.1 | -37.0% |
| Saudi Arabia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.7 | 0.9 | 0.4 | 58.7% |
| Total | 0.6 | 7.4 | 8.2 | 5.1 | 104.1% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Luxembourg in 2022:
- Germany (8.8 tons)
- France (4.8 tons)
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