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

Contents:

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

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

The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $25,657 per ton in 2022, picking up by 16% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 111%. Over the period under review, average import prices attained the maximum at $47,226 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 Hungary ($47,280 per ton), while the price for the Netherlands ($21,772 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $25,435 per ton, waning by -29.3% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 an increase of 72% against the previous year. Over the period under review, the average export prices reached the peak figure at $63,250 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Austria ($89,133 per ton), while the average price for exports to Croatia ($21,538 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 Austria (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

After three years of growth, supplies from abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -14.6% to 6.8 tons in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 168% against the previous year. As a result, imports reached the peak of 7.9 tons, and then declined in the following year.

In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds reduced to $173K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +74.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of $174K, leveling off in the following year.

Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Slovenia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/A77.310310617.1%
Hungary0.2N/A0.222.5382.7%
IrelandN/AN/A1.215.31175.0%
SpainN/A11.217.815.116.1%
Germany59.11.411.711.6-41.9%
China34.80.40.61.3-66.6%
Belgium3.416.734.0N/A216.2%
Others2.15.85.61.4-12.6%
Total99.511317417320.2%

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

  1. Netherlands (4868.0 kg)
  2. Hungary (475.0 kg)
  3. Germany (471.0 kg)
  4. Ireland (458.0 kg)
  5. Spain (428.0 kg)
  6. China (27.0 kg)

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

In 2022, the amount of vitamins; vitamin B1 and its derivatives, unmixeds exported from Slovenia contracted to 1.7 tons, declining by -14.5% against 2021 figures. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 7,385%. As a result, the exports attained the peak of 2 tons, and then contracted in the following year.

In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds fell sharply to $44K in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 9,812% against the previous year. As a result, the exports reached the peak of $73K, and then plummeted in the following year.

Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Slovenia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Croatia1.5N/AN/A34.3183.8%
AustriaN/AN/AN/A5.30%
SerbiaN/AN/A19.23.8-80.2%
GermanyN/AN/A15.2N/A0%
UkraineN/AN/A37.4N/A0%
Others1.40.70.90.5-29.1%
Total2.90.772.844.0147.6%

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

  1. Croatia (1593.0 kg)
  2. Serbia (61.0 kg)
  3. Austria (60.0 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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