Enzymes And Prepared Enzymes Prices in China

China Enzymes And Prepared Enzymes Export Price in September 2022

In September 2022, the enzymes and prepared enzymes price amounted to $4,546 per ton (FOB, China), shrinking by -5.5% against the previous month. Over the period under review, the export price saw a pronounced reduction. The pace of growth was the most pronounced in June 2022 when the average export price increased by 8.3% against the previous month. Over the period under review, the average export prices reached the peak figure at $6,358 per ton in January 2022; however, from February 2022 to September 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was South Korea ($7,512 per ton), while the average price for exports to Bangladesh ($2,181 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

China Enzymes And Prepared Enzymes Exports

In September 2022, approximately 8.9K tons of enzymes and prepared enzymes (not elsewhere specified or included) (excluding rennet and concentrates) were exported from China; with an increase of 3.1% on the previous month. Overall, exports, however, saw a mild reduction. The pace of growth appeared the most rapid in March 2022 when exports increased by 28% month-to-month. The exports peaked at 10K tons in July 2022; however, from August 2022 to September 2022, the exports failed to regain momentum.

In value terms, enzymes and prepared enzymes exports shrank modestly to $40M (IndexBox estimates) in September 2022. In general, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in March 2022 when exports increased by 27% m-o-m. The exports peaked at 62K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.

China Enzymes And Prepared Enzymes Exports by Country

India (1.2K tons), the United States (1.2K tons) and Denmark (1.1K tons) were the main destinations of enzymes and prepared enzymes exports from China, together accounting for 39% of total exports.

From January 2022 to September 2022, the biggest increases were in Denmark (with a CAGR of +3.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($5.8M), the United States ($4.9M) and Denmark ($3.3M) appeared to be the largest markets for enzymes and prepared enzymes exported from China worldwide, together comprising 35% of total exports. Brazil, Russia, Vietnam, South Korea, Indonesia, Thailand, Bangladesh, Pakistan, the Netherlands and Singapore lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Brazil, with a CAGR of +4.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.