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U.S. - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Nov 4, 2022
U.S. Vitamin Price Peaks at $14.7K Per Ton
U.S. Vitamin Import Price per Ton in August 2022
In August 2022, the vitamin price per ton amounted to $14.7K (CIF, US), surging by 3% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in May 2022 an increase of 11% against the previous month. The import price peaked in August 2022.
Prices varied noticeably by the country of origin: the country with the highest price was France ($38.0K per ton), while the price for China ($11.2K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Vitamin Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was vitamins; vitamin b12 and its derivatives, unmixed ($111.7K per ton), while the price for vitamins; vitamin c and its derivatives, unmixed ($5.4K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by vitamins; d- or dl-pantothenic acid (vitamin b3 or vitamin b5) and its derivatives, unmixed (+16.3%), while the prices for the other products experienced more modest paces of growth.
U.S. Vitamin Imports
For the fifth consecutive month, the United States recorded decline in overseas purchases of provitamins and vitamins, which decreased by -1.4% to 8.9K tons in August 2022. Over the period under review, imports recorded a noticeable decline. The pace of growth appeared the most rapid in March 2022 when imports increased by 22% against the previous month. As a result, imports attained the peak of 12K tons. From April 2022 to August 2022, the growth of imports failed to regain momentum.
In value terms, vitamin imports rose slightly to $131M (IndexBox estimates) in August 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 32% m-o-m. As a result, imports reached the peak of $166M. From April 2022 to August 2022, the growth of imports remained at a somewhat lower figure.
U.S. Vitamin Imports by Type
Vitamins; vitamin c and its derivatives, unmixed (3.4K tons), vitamins; vitamin e and its derivatives, unmixed (2.8K tons) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (1.5K tons) were the main products of vitamin imports to the United States, with a combined 87% share of total imports. These products were followed by vitamins; vitamin b1 and its derivatives, unmixed, vitamins; n.e.s. in heading no. 2936, including natural concentrates, vitamins; d- or dl-pantothenic acid (vitamin b3 or vitamin b5) and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; vitamin b6 and its derivatives, unmixed, vitamins; vitamin b2 and its derivatives, unmixed and vitamins; vitamin b12 and its derivatives, unmixed, which together accounted for a further 13%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by vitamins; vitamin b1 and its derivatives, unmixed (with a CAGR of +13.0%), while imports for the other products experienced more modest paces of growth.
In value terms, vitamins; vitamin e and its derivatives, unmixed ($40M), vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($29M) and vitamins; vitamin c and its derivatives, unmixed ($19M) appeared to be the most imported types of provitamins and vitamins in the United States, with a combined 67% share of total imports. Vitamins; vitamins a and their derivatives, unmixed, vitamins; n.e.s. in heading no. 2936, including natural concentrates, vitamins; vitamin b1 and its derivatives, unmixed, vitamins; vitamin b12 and its derivatives, unmixed, vitamins; d- or dl-pantothenic acid (vitamin b3 or vitamin b5) and its derivatives, unmixed, vitamins; vitamin b2 and its derivatives, unmixed and vitamins; vitamin b6 and its derivatives, unmixed lagged somewhat behind, together accounting for a further 33%.
U.S. Vitamin Imports by Country
In August 2022, China (7K tons) constituted the largest vitamin supplier to the United States, accounting for a 78% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (688 tons), tenfold. Germany (325 tons) ranked third in terms of total imports with a 3.7% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from China stood at -4.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Switzerland (+2.0% per month) and Germany (+5.0% per month).
In value terms, China ($78M) constituted the largest supplier of vitamin to the United States, comprising 59% of total imports. The second position in the ranking was held by Switzerland ($17M), with a 13% share of total imports. It was followed by France, with a 6.2% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from China amounted to -3.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Switzerland (+11.1% per month) and France (+7.1% per month).
This report provides an in-depth analysis of the vitamin market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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