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During the review period, Rennet imports peaked in 2023 and are projected to continue growing in the future. The value of Rennet imports surged to $6.3M in 2023.
From 2018 to 2023, the growth of imports for Rennet failed to regain momentum. In value terms, Rennet imports amounted to $12M in 2023.
In 2019, Rennet exports reached a record high of 1.1K tons. From 2020 to 2023, exports were slightly lower. In 2023, the value of rennet exports decreased to $8M.
Rennet imports peaked in 2023 and are anticipated to continue growing in the future, reaching a value of $12M in 2023.
Rennet imports experienced a staggering 70% month-over-month growth rate in March 2023, reaching a total value of $834K by October of the same year.
Despite an overall slump in exports, the value of Rennet exports experienced a significant surge, reaching $1.3M in August 2023.
Rennet witnessed a staggering 1,424% month-on-month growth in February 2023, reaching a value of $772K in October 2023.
In July 2023, the price of rennet in Brazil (CIF) was $12,916 per ton, indicating a decrease of 53.5% compared to the previous month.
In May 2023, the price of rennet reached $9,502 per ton (FOB, France), experiencing a 12% surge compared to the previous month.
In March 2023, the rennet price reached $7,521 per ton (CIF, United Kingdom), experiencing a 2.9% increase compared to the previous month.
In value terms, rennet imports declined to $836K in April 2023.
In February 2023, the rennet price stood at $23,676 per ton (CIF, Italy), with an increase of 10% against the previous month.
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