Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada - 2024
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada (CIF) - 2024
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada (FOB) - 2022
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada (CIF) - 2024
The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $22,223 per ton in January 2024, shrinking by -15% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 51% month-to-month. As a result, import price attained the peak level of $29,542 per ton. From June 2023 to January 2024, the average import prices remained 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 the UK ($70,071 per ton), while the price for the Czech Republic ($10,690 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada (FOB) - 2022
The average export price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $42,817 per ton in 2022, growing by 1.7% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vitamins; vitamin B1 and its derivatives, unmixeds increased by +28.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 54%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($51,821 per ton), while the average price for exports to South Korea ($34,103 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 the Philippines (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada
For the fourth year in a row, Canada recorded growth in overseas purchases of vitamins; vitamin B1 and its derivatives, unmixeds, which increased by 6.7% to 287 tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.2% 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 +69.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds stood at $6M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 10% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 4.7 | 4.6 | 3.7 | 1.9% |
| Germany | 1.6 | 1.0 | 0.8 | 1.1 | -11.7% |
| France | N/A | N/A | 0.1 | 0.8 | 700.0% |
| United States | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Total | 5.4 | 6.0 | 5.9 | 6.0 | 3.6% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to Canada in 2022:
- China (165.4 tons)
- Germany (57.2 tons)
- United States (30.6 tons)
- France (27.7 tons)
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada
In 2022, the amount of vitamins; vitamin B1 and its derivatives, unmixeds exported from Canada shrank sharply to 4 tons, dropping by -83.2% on 2021. Overall, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 106% against the previous year. As a result, the exports reached the peak of 24 tons, and then declined sharply in the following year.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds contracted dramatically to $171K in 2022. Over the period under review, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 159% against the previous year. As a result, the exports reached the peak of $999K, and then fell sharply in the following year.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 654 | 369 | 889 | 98.9 | -46.7% |
| Iran | N/A | N/A | 19.9 | 31.0 | 55.8% |
| South Korea | N/A | 8.6 | N/A | 13.6 | 25.8% |
| Hong Kong SAR | N/A | 2.0 | 0.6 | 13.4 | 158.8% |
| China | 5.2 | 4.5 | 44.4 | 5.0 | -1.3% |
| India | 1.0 | N/A | 0.3 | 3.8 | 56.0% |
| Germany | N/A | 0.7 | 8.8 | 3.5 | 123.6% |
| Bahrain | N/A | N/A | 34.1 | N/A | 0% |
| Others | 4.4 | 0.4 | 2.3 | 1.8 | -25.8% |
| Total | 665 | 385 | 999 | 171 | -36.4% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from Canada in 2022:
- United States (1908.0 kg)
- Iran (896.0 kg)
- South Korea (398.0 kg)
- Hong Kong SAR (387.0 kg)
- China (143.0 kg)
- India (106.0 kg)
- Germany (100.0 kg)
527
This report provides an in-depth analysis of the vitamin market in Canada.
2740
This report provides an in-depth analysis of the global vitamin market.
527
This report provides an in-depth analysis of the vitamin market in Canada.
2740
This report provides an in-depth analysis of the global vitamin market.
441
In June 2023, the Vitamin price in Canada was $12,803 per ton (CIF), showing a decrease of 15.2% compared to 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.
1437
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...
441
In June 2023, the Vitamin price in Canada was $12,803 per ton (CIF), showing a decrease of 15.2% compared to 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.
1437
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...
