HS Code:
The category 'Enzymes; prepared enzymes not elsewhere specified or included' (HS Code: 3507) includes enzymes and prepared enzyme products used across various industries such as food and beverage, pharmaceuticals, textiles, and biofuels. Enzymes are biological catalysts that accelerate chemical reactions and are critical in processes like fermentation, digestion, and industrial manufacturing. This category encompasses products like rennet for cheese production, industrial enzymes for detergents, and specialized enzymes for medical applications.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.1 billion
21.2% of total trade of total trade
Increasing
USD 900 million
17.3% of total trade of total trade
Stable
USD 700 million
13.5% of total trade of total trade
Increasing
USD 550 million
10.6% of total trade of total trade
Increasing
USD 400 million
7.7% of total trade of total trade
Stable
Average Rate
5.8% ad valorem
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for bio-based products
Increased use of enzymes in sustainable industrial processes and biofuels, driving market growth by 8% annually.
2021-2023
Rising adoption in food processing
Higher demand for enzymes in baking, brewing, and dairy industries, especially in emerging markets.
2020-2022
Technological advancements in enzyme engineering
Development of more efficient and specialized enzymes, expanding applications in pharmaceuticals and diagnostics.
2019-2023
The European Union introduced stricter safety and labeling requirements for food-grade enzymes to ensure consumer safety and traceability.
March 2023
Potential increase in compliance costs for exporters to the EU, but improved market trust and demand for certified products.
A bilateral agreement reduced tariffs on biotech products, including industrial enzymes, to promote trade between the two countries.
January 2023
Boosted enzyme exports from the US to China, with a projected 10% trade volume increase in 2023.
A leading Danish company announced a new fermentation technology that reduces enzyme production costs by 15%.
September 2022
Expected to lower prices and increase accessibility of enzymes in developing markets, driving global trade.