Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic - 2023
Contents:
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic (CIF) - 2023
- Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic (FOB) - 2022
- Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic
- Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic
Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic (CIF) - 2023
The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $19,397 per ton in March 2023, rising by 82% against the previous month. Overall, the import price saw a modest increase. The most prominent rate of growth was recorded in October 2022 an increase of 123% month-to-month. As a result, import price attained the peak level of $29,036 per ton. From November 2022 to March 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($38,881 per ton), while the price for Denmark ($10,743 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Brazil (+10.8%), 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 the Dominican Republic (FOB) - 2022
The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $4,642 per ton in 2022, declining by -75.7% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 1,235% against the previous year. Over the period under review, the average export prices attained the maximum at $56,037 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($71,906 per ton), while the average price for exports to the United States ($947 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 Guatemala (+49.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic
In 2022, after three years of growth, there was decline in supplies from abroad of enzymes; prepared enzymes not elsewhere specified or includeds, when their volume decreased by less than 0.1% to 378 tons. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year.
In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds amounted to $6.5M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +51.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 992 | 2,557 | 1,773 | 2,142 | 29.3% |
| United States | 1,210 | 932 | 1,240 | 1,912 | 16.5% |
| Denmark | 962 | 712 | 825 | 1,024 | 2.1% |
| France | 542 | 669 | 749 | 487 | -3.5% |
| Germany | 244 | 242 | 368 | 482 | 25.5% |
| Italy | 5.7 | 27.0 | 144 | 112 | 169.8% |
| China | 68.7 | 174 | 617 | 70.0 | 0.6% |
| Others | 310 | 490 | 739 | 316 | 0.6% |
| Total | 4,334 | 5,803 | 6,455 | 6,546 | 14.7% |
Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to the Dominican Republic in 2022:
- United States (179.4 tons)
- Brazil (72.4 tons)
- Denmark (49.4 tons)
- Germany (22.8 tons)
- France (19.9 tons)
- Italy (11.7 tons)
- China (5.4 tons)
Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic
In 2022, exports of enzymes; prepared enzymes not elsewhere specified or includeds from the Dominican Republic soared to 16 tons, rising by 821% compared with the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports reached 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 skyrocketed to $75K in 2022. Over the period under review, exports, however, recorded a significant decrease.
| Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 140 | N/A | N/A | 25.7 | -43.2% |
| Guatemala | 45.4 | 33.9 | 32.3 | 23.0 | -20.3% |
| Mexico | N/A | N/A | N/A | 17.7 | 0% |
| United States | N/A | N/A | 1.1 | 5.1 | 363.6% |
| Turks and Caicos Islands | N/A | N/A | 0.1 | 3.1 | 3000.0% |
| Others | N/A | 0.8 | N/A | 0.7 | -6.5% |
| Total | 186 | 34.7 | 33.6 | 75.2 | -26.1% |
Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from the Dominican Republic in 2022:
- United States (5.4 tons)
- Mexico (4.0 tons)
- Haiti (3.4 tons)
- Turks and Caicos Islands (3.1 tons)
- Guatemala (0.3 tons)
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