Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria - 2023

Contents:

  1. Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria (CIF) - 2022
  2. Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria (FOB) - 2022
  3. Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria
  4. Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria

Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria (CIF) - 2022

The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $67,070 per ton in 2022, falling by -17.3% against the previous year. In general, the import price, however, posted a prominent expansion. The growth pace was the most rapid in 2016 an increase of 39%. The import price peaked at $81,082 per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($89,035 per ton), while the price for Slovakia ($15,778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria (FOB) - 2022

In 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $34,097 per ton, picking up by 168% against the previous year. Over the period under review, the export price continues to indicate a significant increase. Over the period under review, the average export prices hit record highs at $96,700 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($75,124 per ton), while the average price for exports to Iran stood at $21,983 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+72.8%).

Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria

In 2022, imports of vitamins; vitamin b1 and its derivatives, unmixeds into Bulgaria surged to 7.5 tons, increasing by 26% compared with the year before. In general, imports, however, continue to indicate a noticeable descent.

In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds amounted to $505K in 2022. Overall, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34%.

Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands532169316299-17.5%
Germany7.488.269.680.3121.4%
RomaniaN/A48.870.035.6-14.6%
Hungary9.8N/AN/A31.948.2%
China9.015.222.624.439.4%
Hong Kong SARN/A5.15.113.562.7%
PolandN/AN/AN/A6.70%
SlovakiaN/AN/A0.74.2500.0%
Others8.533.70.39.22.7%
Total567360484505-3.8%

Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to Bulgaria in 2022:

  1. Netherlands (4325.0 kg)
  2. Germany (1111.0 kg)
  3. Hungary (500.0 kg)
  4. Romania (400.0 kg)
  5. Poland (340.0 kg)
  6. Slovakia (266.0 kg)
  7. Hong Kong SAR (201.0 kg)
  8. China (194.0 kg)

Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria

In 2022, shipments abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -9.2% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,295% against the previous year.

In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds skyrocketed to $39K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 715% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IranN/AN/A15.819.221.5%
BelarusN/AN/AN/A18.80%
KazakhstanN/A7.8N/AN/A0%
North Macedonia1.54.6N/AN/A206.7%
OthersN/AN/AN/A0.50%
Total1.512.415.838.5195.0%

Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from Bulgaria in 2022:

  1. Iran (875.0 kg)
  2. Belarus (250.0 kg)
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