Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates - 2022

Contents:

  1. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates (FOB) - 2022
  2. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates (CIF) - 2022
  3. Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates
  4. Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates (FOB) - 2022

The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $5,633 per ton in 2022, dropping by -5.3% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for enzymes; prepared enzymes not elsewhere specified or includeds decreased by -24.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 45%. Over the period under review, the average export prices attained the peak figure at $8,455 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($12,932 per ton), while the average price for exports to Bangladesh ($2,797 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 Pakistan (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates (CIF) - 2022

The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $8,985 per ton in 2022, waning by -2.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $16,648 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($47,276 per ton), while the price for Pakistan ($1,385 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+61.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates

In 2022, exports of enzymes; prepared enzymes not elsewhere specified or includeds from the United Arab Emirates skyrocketed to 3.2K tons, increasing by 176% on the previous year. Overall, exports enjoyed a significant increase. 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 soared to $18M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia0.1N/A0.75.9289.3%
Oman1.92.02.92.59.6%
PakistanN/AN/AN/A1.80%
BangladeshN/AN/AN/A1.60%
Indonesia0.50.30.30.4-7.2%
Iran1.62.92.50.1-60.3%
India0.20.2N/A0.1-20.6%
Others0.70.90.65.9103.5%
Total4.96.57.018.254.9%

Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from the United Arab Emirates in 2022:

  1. Saudi Arabia (1439.2 tons)
  2. Oman (735.5 tons)
  3. Bangladesh (576.6 tons)
  4. Pakistan (203.4 tons)
  5. Indonesia (94.5 tons)
  6. India (21.9 tons)
  7. Iran (9.7 tons)

Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates

In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds imported into the United Arab Emirates expanded modestly to 1.5K tons, increasing by 4.8% on 2021. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds totaled $14M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South KoreaN/AN/A2.24.290.9%
Denmark2.22.32.83.314.5%
United States1.40.70.71.40.0%
India0.71.21.80.84.6%
Italy0.20.30.50.751.8%
China0.30.31.30.410.1%
Singapore0.70.91.00.2-34.1%
PakistanN/AN/AN/A0.10%
Netherlands0.91.70.30.1-51.9%
Others2.12.73.02.78.7%
Total8.410.113.613.918.3%

Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to the United Arab Emirates in 2022:

  1. Denmark (804.9 tons)
  2. Italy (148.4 tons)
  3. China (99.2 tons)
  4. South Korea (87.8 tons)
  5. United States (83.4 tons)
  6. India (80.8 tons)
  7. Pakistan (53.2 tons)
  8. Singapore (36.1 tons)
  9. Netherlands (17.4 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Enzymes; prepared enzymes not elsewhere specified or included - United Arab Emirates