Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines - 2023
Contents:
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines (CIF) - 2022
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines (FOB) - 2022
- Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines
- Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines (CIF) - 2022
The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $24,767 per ton in 2022, growing by 10% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vitamins; vitamin B2 and its derivatives, unmixeds decreased by -29.5% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 40%. Over the period under review, average import prices attained the maximum at $35,155 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 the UK ($57,372 per ton), while the price for China ($18,944 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 (+45.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $68,290 per ton, approximately reflecting the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 112%. Over the period under review, the average export prices attained the peak figure at $123,414 per ton in 2020; however, from 2021 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 Singapore ($68,459 per ton), while the average price for exports to Palau stood at $2,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.6%).
Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines
In 2022, the amount of vitamins; vitamin B2 and its derivatives, unmixeds imported into the Philippines stood at 155 tons, growing by 3.4% on 2021. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds rose markedly to $3.8M in 2022. In general, imports, however, saw a abrupt setback.
| Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 977 | 571 | 521 | 1,024 | 1.6% |
| France | 390 | 348 | 277 | 1,001 | 36.9% |
| Germany | 356 | 563 | 822 | 905 | 36.5% |
| United Kingdom | 2.3 | 6.5 | 17.2 | 247 | 375.3% |
| Switzerland | 328 | 546 | 177 | 195 | -15.9% |
| South Korea | 130 | 221 | 252 | 127 | -0.8% |
| Singapore | 941 | 165 | 338 | 120 | -49.7% |
| Netherlands | 703 | 410 | 81.9 | 105 | -46.9% |
| Others | 1,000 | 1,168 | 862 | 103 | -53.1% |
| Total | 4,828 | 3,998 | 3,349 | 3,827 | -7.5% |
Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to the Philippines in 2022:
- China (54.1 tons)
- Germany (42.6 tons)
- France (31.4 tons)
- Switzerland (7.8 tons)
- South Korea (6.3 tons)
- Singapore (4.5 tons)
- United Kingdom (4.3 tons)
- Netherlands (2.5 tons)
Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines
In 2022, exports of vitamins; vitamin b2 and its derivatives, unmixeds from the Philippines surged to 393 kg, picking up by 19% on 2021. Overall, exports, however, recorded a dramatic shrinkage.
In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds skyrocketed to $27K in 2022. In general, exports, however, showed a significant curtailment.
| Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 54.1 | 40.2 | 14.8 | 26.8 | -20.9% |
| Vietnam | N/A | N/A | 7.5 | N/A | 0% |
| Germany | 1.8 | N/A | N/A | N/A | 0% |
| Others | 1.8 | N/A | 0.3 | N/A | -59.2% |
| Total | 57.8 | 40.2 | 22.6 | 26.8 | -22.6% |
Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from the Philippines in 2022:
- Singapore (392.0 kg)
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This report provides an in-depth analysis of the vitamin market in the Philippines.
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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 the Philippines.
2767
This report provides an in-depth analysis of the global vitamin market.
260
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.
390
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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...
865
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...
260
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.
390
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.
1462
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...
865
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...
