Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia - 2024
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia (CIF) - 2024
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia (FOB) - 2022
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia (CIF) - 2024
In January 2024, the average import price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $17,195 per ton, dropping by -11.6% against the previous month. Overall, the import price continues to indicate a mild reduction. The pace of growth appeared the most rapid in May 2023 an increase of 16% m-o-m. The import price peaked at $21,351 per ton in November 2023; however, from December 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($35,750 per ton), while the price for China stood at $16,128 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia (FOB) - 2022
The average export price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $10,723 per ton in 2022, which is down by -54% against the previous year. Overall, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $52,586 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($249,444 per ton), while the average price for exports to Indonesia ($4,492 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 Hong Kong SAR (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia
In 2022, after three years of growth, there was decline in overseas purchases of vitamins; vitamin B1 and its derivatives, unmixeds, when their volume decreased by -4.9% to 153 tons. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of 161 tons, and then dropped slightly in the following year.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds rose to $4.3M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 3.0 | 3.6 | 3.4 | 12.3% |
| Germany | 0.2 | 0.4 | 0.4 | 0.6 | 44.2% |
| Singapore | N/A | N/A | 0.1 | 0.1 | 0.0% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 2.9 | 3.6 | 4.2 | 4.3 | 14.0% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to Australia in 2022:
- China (132.6 tons)
- Germany (13.6 tons)
- Singapore (2.5 tons)
- India (2.5 tons)
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia
For the fourth consecutive year, Australia recorded growth in shipments abroad of vitamins; vitamin B1 and its derivatives, unmixeds, which increased by 475% to 194 tons in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 2,342% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds soared to $2.1M in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,937%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 6.6 | N/A | 555 | 817.0% |
| Taiwan (Chinese) | 0.1 | N/A | 48.9 | 385 | 1467.3% |
| Malaysia | 2.9 | N/A | 0.8 | 358 | 397.9% |
| Indonesia | N/A | N/A | N/A | 341 | 0% |
| Singapore | 7.3 | 8.8 | 49.7 | 160 | 179.9% |
| New Zealand | 31.5 | 17.4 | 121 | 115 | 54.0% |
| Thailand | N/A | N/A | 506 | N/A | 0% |
| Others | 4.6 | 5.9 | 61.7 | 172 | 234.4% |
| Total | 46.4 | 38.7 | 788 | 2,084 | 255.5% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from Australia in 2022:
- China (88.0 tons)
- Indonesia (75.9 tons)
- Malaysia (18.2 tons)
- Taiwan (Chinese) (5.3 tons)
- Singapore (3.9 tons)
- New Zealand (2.5 tons)
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This report provides an in-depth analysis of the vitamin market in Australia.
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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 Australia.
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This report provides an in-depth analysis of the global vitamin market.
247
In November 2022, the vitamin price stood at $2,605 per ton (FOB, Australia), declining by -91.2% against the previous month.
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.
1436
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...
247
In November 2022, the vitamin price stood at $2,605 per ton (FOB, Australia), declining by -91.2% against the previous month.
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.
1436
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...
