Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Costa Rica - 2022

Contents:

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

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

The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $29,496 per ton in 2022, reducing by -11.4% against the previous year. In general, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. As a result, import price attained the peak level of $62,419 per ton. From 2019 to 2022, the average import prices remained 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 Mexico ($76,522 per ton), while the price for Switzerland ($20,850 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $9,907 per ton in 2022, declining by -21.4% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of 25%. The export price peaked at $30,140 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($78,700 per ton), while the average price for exports to Brazil stood at $7,023 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+0.7%).

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

In 2022, purchases abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -8.1% to 8.9 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a slight decline. The most prominent rate of growth was recorded in 2020 when imports increased by 57% against the previous year. As a result, imports attained the peak of 15 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds reduced dramatically to $263K in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year. As a result, imports reached the peak of $457K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1923091742164.0%
Mexico3.35.86.917.474.1%
Italy14.44.521.015.72.9%
El SalvadorN/AN/AN/A8.50%
Switzerland19.521.724.12.1-52.4%
United States6.47.810.71.9-33.3%
Germany44.739.630.1N/A-17.9%
Netherlands3.031.127.3N/A201.7%
Others51.037.227.70.4-80.1%
Total334457322263-7.7%

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

  1. China (7.6 tons)
  2. Italy (0.8 tons)
  3. Mexico (0.2 tons)
  4. El Salvador (0.1 tons)
  5. United States (0.1 tons)
  6. Switzerland (0.1 tons)

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

In 2022, approx. 497 kg of vitamins; vitamin B1 and its derivatives, unmixeds were exported from Costa Rica; with a decrease of -38% against the year before. In general, exports showed a sharp reduction. The smallest decline of -21.3% was in 2021.

In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds dropped rapidly to $4.9K in 2022. Over the period under review, exports saw a dramatic decrease. The smallest decline of -30.2% was in 2020.

Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BrazilN/AN/AN/A3.40%
MexicoN/AN/AN/A1.60%
Dominican Republic4.03.02.2N/A-25.8%
Guatemala16.711.57.9N/A-31.2%
OthersN/AN/AN/AN/A0%
Total20.814.510.14.9-38.2%

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

  1. Brazil (477.0 kg)
  2. Mexico (20.0 kg)
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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. 

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