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

Contents:

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

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

In 2022, the average import price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $29,136 per ton, declining by -12.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 90% against the previous year. The import price peaked at $57,057 per ton in 2018; however, from 2019 to 2022, import prices stood 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 the Netherlands ($95,164 per ton), while the price for Italy ($10,253 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $139,400 per ton, jumping by 66% against the previous year. Over the period under review, the export price showed a prominent expansion. The growth pace was the most rapid in 2013 when the average export price increased by 98% against the previous year. The export price peaked at $185,000 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($261,500 per ton), while the average price for exports to Poland ($54,000 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 Spain (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -3.2% to 12 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 99%. As a result, imports reached the peak of 20 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 dropped to $343K in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 193%. As a result, imports reached the peak of $1M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1371721131431.4%
Netherlands17.923.717011988.0%
Germany83.052.556.256.3-12.1%
Italy8.55.39.513.416.4%
France26.269.546.811.8-23.3%
ChinaN/A425N/A0.1-98.5%
United Kingdom74.5141N/AN/A89.3%
Others0.11297.90.681.7%
Total3471,018404343-0.4%

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

  1. Spain (6.2 tons)
  2. Germany (2.4 tons)
  3. Italy (1.3 tons)
  4. Netherlands (1.2 tons)
  5. France (0.6 tons)

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

In 2022, overseas shipments of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -95% to 5 kg, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 5,478% against the previous year. As a result, the exports reached the peak of 1.8 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds shrank markedly to $697 in 2022. Over the period under review, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 5,213% against the previous year. As a result, the exports attained the peak of $160K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cabo VerdeN/A8.00.30.5-75.0%
AngolaN/AN/A0.60.1-83.3%
PolandN/AN/A0.20.1-50.0%
Spain1.5152N/AN/A10033.3%
South AfricaN/AN/A6.6N/A0%
Others1.50.20.6N/A-36.8%
Total3.01608.40.7-38.4%

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

  1. Cabo Verde (2.0 kg)
  2. Poland (2.0 kg)
  3. Angola (1.0 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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