Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea - 2022
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea (CIF) - 2022
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea (FOB) - 2022
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $144,207 per ton, growing by 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2013 when the average import price increased by 58%. Over the period under review, average import prices attained the maximum at $165,741 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,071,883 per ton), while the price for Denmark ($26,849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $89,068 per ton, with a decrease of -26.2% against the previous year. Over the period under review, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2017 an increase of 923% against the previous year. Over the period under review, the average export prices reached the maximum at $967,250 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($165,000 per ton), while the average price for exports to China ($86,395 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 Bangladesh (+4.9%), while the prices for the other major destinations experienced a decline.
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea
After two years of decline, purchases abroad of vitamins; vitamin B12 and its derivatives, unmixeds increased by 69% to 44 tons in 2022. In general, imports, however, saw a deep contraction.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds skyrocketed to $6.4M in 2022. Overall, imports, however, continue to indicate a abrupt curtailment.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,706 | 3,281 | 1,318 | 2,082 | -17.5% |
| Netherlands | 20.0 | 29.4 | 3.4 | 1,772 | 345.8% |
| Spain | 1,422 | 1,669 | 838 | 865 | -15.3% |
| United States | 92.0 | 156 | 9.1 | 687 | 95.5% |
| Denmark | N/A | N/A | N/A | 86.6 | 0% |
| Singapore | 417 | 70.0 | N/A | N/A | -83.2% |
| Italy | N/A | 55.2 | N/A | N/A | 0% |
| Others | 2,424 | 2,564 | 1,494 | 906 | -28.0% |
| Total | 8,081 | 7,825 | 3,662 | 6,399 | -7.5% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to South Korea in 2022:
- China (17.4 tons)
- Spain (7.8 tons)
- United States (7.6 tons)
- Netherlands (7.2 tons)
- Denmark (3.2 tons)
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea
In 2022, the amount of vitamins; vitamin B12 and its derivatives, unmixeds exported from South Korea surged to 936 kg, picking up by 43% on the previous year. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 302%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds rose significantly to $83K in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 172% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 27.7 | 77.1 | 79.8 | 198.5% |
| Vietnam | 3.1 | N/A | 0.8 | 3.0 | -1.1% |
| United States | 6.6 | 1.2 | 0.9 | 0.2 | -68.8% |
| Others | 4.0 | 0.2 | 0.1 | 0.4 | -53.6% |
| Total | 16.6 | 29.1 | 79.0 | 83.4 | 71.3% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from South Korea in 2022:
- China (924.0 kg)
- Vietnam (5.0 kg)
- United States (1.0 kg)
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This report provides an in-depth analysis of the vitamin market in Republic of Korea.
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This report provides an in-depth analysis of the global vitamin market.
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This report provides an in-depth analysis of the vitamin market in Republic of Korea.
2737
This report provides an in-depth analysis of the global vitamin market.
235
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
369
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1435
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
854
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
235
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
369
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1435
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
854
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
