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Pricing

350710 (Harmonized System 1992 for 6-digit)

2022
World Trade $146MRnk 3908 / 4648
2022
Top Exporter | Top Importer $61.9M | $20.4MDenmark | Denmark
2022
Product Complexity 0.33Rnk 1944 / 4653
2021 - 2022
Export Growth (CAGR) -1%Rnk 3116 / 4648
2022
Share of World Trade 0.00061%Rnk 3908 / 4648

About

Overview This page contains the latest trade data of Rennet and concentrates thereof. In 2022, Rennet and concentrates thereof were the world's 3908th most traded product, with a total trade of $146M. Between 2021 and 2022 the exports of Rennet and concentrates thereof decreased by -1%, from $147M to $146M. Trade in Rennet and concentrates thereof represent 0.00061% of total world trade.

Rennet and concentrates thereof are a part of Enzymes.

Exports In 2022 the top exporters of Rennet and concentrates thereof  were Denmark ($61.9M), Germany ($14.3M), China ($9.54M), Turkey ($8.42M), and Italy ($8.02M).

Imports In 2022 the top importers of Rennet and concentrates thereof were Denmark ($20.4M), United States ($14.2M), Italy ($12M), Brazil ($9.47M), and Nigeria ($6.33M).

Ranking Rennet and concentrates thereof ranks 1944th in the Product Complexity Index (PCI).

Description Rennet is a complex of enzymes that aids the coagulation of milk. Rennet is usually extracted from the stomach of a calf or lambs. It is typically used in the production of cheese for its powerful coagulation properties. Concentrates of rennet are used in the production of some hard cheeses.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Rennet and concentrates thereof. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Denmark$61.9M
Top Destination (2022)Denmark$20.4M

In 2022 Rennet and concentrates thereof were the world's 3908th most traded product (out of 4,648).

In 2022, the top exporters of Rennet and concentrates thereof were Denmark ($61.9M), Germany ($14.3M), China ($9.54M), Turkey ($8.42M), and Italy ($8.02M).

In 2022, the top importers of Rennet and concentrates thereof were Denmark ($20.4M), United States ($14.2M), Italy ($12M), Brazil ($9.47M), and Nigeria ($6.33M).

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Exporters of Rennet and concentrates thereof (2022)
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Importers of Rennet and concentrates thereof (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$4.02M
Top Destination Growth (2021 -  2022)Nigeria$5.71M

Between 2021 and 2022, the exports of Rennet and concentrates thereof grew the fastest in China ($4.02M), Lithuania ($1.99M), Turkey ($1.4M), United Kingdom ($1.27M), and Poland ($674k).

Between 2021 and 2022, the fastest growing importers of Rennet and concentrates thereof were Nigeria ($5.71M), United States ($2.56M), France ($2.51M), Italy ($2.03M), and Lithuania ($1.7M).

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Exporters of Rennet and concentrates thereof (2021 - 2022)

Importers of Rennet and concentrates thereof (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rennet and concentrates thereof.

In 2022, market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Rennet and concentrates thereof are explained by 9 countries.

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Value of Exports in Rennet and concentrates thereof

Net Trade

TOP NET EXPORTER (2022)Denmark$41.6M
TOP NET IMPORTER (2022)United States$9.43M

This map shows which countries export or import more of Rennet and concentrates thereof. Each country is colored based on the difference in exports and imports of Rennet and concentrates thereof during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Rennet and concentrates thereof were Denmark ($41.6M), Germany ($8.7M), China ($8.42M), Japan ($6.79M), and Turkey ($3.85M).

In 2022, the countries that had a largest trade value in imports than in exports of Rennet and concentrates thereof were United States ($9.43M), Brazil ($9.09M), Italy ($3.99M), Canada ($3.32M), and Argentina ($3.01M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Rennet and concentrates thereof.
It is possible to select the main countries that export or import Rennet and concentrates thereof in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rennet and concentrates thereof by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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