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Jan 22, 2025

India Sees a Modest Increase in Enzymes and Prepared Enzymes Imports, Reaching $154 Million in 2024

India Enzymes And Prepared Enzymes Imports

In 2024, the amount of enzymes and prepared enzymes (not elsewhere specified or included) (excluding rennet and concentrates) imported into India soared to 22K tons, growing by 17% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2014 to 2024: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +54.4% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 26%. Over the period under review, imports hit record highs in 2024 and are likely to see gradual growth in the immediate term.

In value terms, enzymes and prepared enzymes imports rose significantly to $154M (IndexBox estimates) in 2024. In general, total imports indicated resilient growth from 2014 to 2024: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -7.8% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of $168M. From 2022 to 2024, the growth of imports remained at a lower figure.India Enzymes And Prepared Enzymes Imports By Country (Million USD)

COUNTRYImport Value of Enzymes And Prepared Enzymes in India (million USD)
20142015201620172018201920202021202220232024
China30.529.830.732.036.742.639.350.775.068.364.2
Denmark13.313.815.414.220.820.620.421.119.918.318.3
Germany8.69.410.710.810.29.314.131.615.87.917.1
United States6.610.113.618.517.711.311.815.412.611.812.3
Netherlands4.12.63.13.25.67.37.77.69.33.36.2
Austria0.70.92.44.24.33.24.68.33.65.15.2
Italy0.60.60.91.11.83.12.62.17.52.83.8
Finland6.13.47.56.714.11.20.1N/A0.12.82.6
Others13.118.614.813.620.217.721.830.822.117.424.6
Total83.589.299.0104131116122168166138154

Imports by Country

In 2024, China (16K tons) constituted the largest supplier of enzymes and prepared enzymes to India, with a 70% share of total imports. Moreover, enzymes and prepared enzymes imports from China exceeded the figures recorded by the second-largest supplier, Denmark (3.6K tons), fourfold. The United States (1.3K tons) ranked third in terms of total imports with a 5.7% share.

From 2014 to 2024, the average annual growth rate of volume from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+5.2% per year) and the United States (+12.3% per year).

In value terms, China ($64M) constituted the largest supplier of enzymes and prepared enzymes (not elsewhere specified or included) (excluding rennet and concentrates) to India, comprising 42% of total imports. The second position in the ranking was held by Denmark ($18M), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2014 to 2024, the average annual rate of growth in terms of value from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+3.3% per year) and Germany (+7.2% per year).

Import Prices by Country

In 2024, the enzymes and prepared enzymes price stood at $6,862 per ton (CIF, India), with a decrease of -3.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. As a result, import price attained the peak level of $10,529 per ton. From 2022 to 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Germany ($52,077 per ton), while the price for China ($4,097 per ton) was amongst the lowest.

From 2014 to 2024, the most notable rate of growth in terms of prices was attained by Finland (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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