Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa - 2024
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa (CIF) - 2024
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa (FOB) - 2022
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa (CIF) - 2024
In January 2024, the average import price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $20,937 per ton, jumping by 60% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 648% month-to-month. As a result, import price attained the peak level of $36,756 per ton. From December 2023 to January 2024, the average import prices remained at a 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 Germany ($31,251 per ton), while the price for China amounted to $13,660 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa (FOB) - 2022
The average export price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $22,268 per ton in 2022, with an increase of 78% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 1,420% against the previous year. The export price peaked at $25,138 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saint Helena, Ascension and Tristan da Cunha ($68,760 per ton), while the average price for exports to Botswana ($7,000 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 Namibia (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa
After three years of growth, overseas purchases of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -31.8% to 98 tons in 2022. In general, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 36%.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds fell to $2.2M in 2022. Over the period under review, imports faced a abrupt descent. The smallest decline of -3.4% was in 2020.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,239 | 1,718 | 1,445 | 1,552 | 7.8% |
| Germany | 1,636 | 1,028 | 672 | 435 | -35.7% |
| Netherlands | 39.0 | 160 | 167 | 134 | 50.9% |
| Others | 150 | 54.0 | 133 | 52.7 | -29.4% |
| Total | 3,064 | 2,959 | 2,416 | 2,174 | -10.8% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to South Africa in 2022:
- China (78.3 tons)
- Germany (9.6 tons)
- Netherlands (8.0 tons)
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Africa
In 2022, shipments abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -67.4% to 2.7 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 173% against the previous year. As a result, the exports attained the peak of 12 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds contracted notably to $60K in 2022. Overall, exports saw a deep setback. The growth pace was the most rapid in 2020 with an increase of 119%. As a result, the exports reached the peak of $169K. 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 17.5 | 32.7 | 26.2 | 23.5 | 10.3% |
| Namibia | 4.6 | 17.3 | 8.1 | 13.8 | 44.2% |
| Lesotho | 5.6 | 1.7 | N/A | 9.4 | 18.8% |
| Zambia | 0.7 | 17.0 | 8.7 | 6.6 | 111.3% |
| Saint Helena, Ascension and Tristan da Cunha | N/A | N/A | N/A | 3.4 | 0% |
| Swaziland | 35.8 | 99.6 | 60.4 | 2.8 | -57.2% |
| Botswana | 7.4 | N/A | N/A | 0.1 | -76.2% |
| Others | 5.3 | 0.3 | N/A | 0.4 | -57.7% |
| Total | 76.8 | 169 | 103 | 60.1 | -7.8% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from South Africa in 2022:
- Lesotho (1002.0 kg)
- Zimbabwe (787.0 kg)
- Namibia (352.0 kg)
- Swaziland (330.0 kg)
- Zambia (150.0 kg)
- Saint Helena, Ascension and Tristan da Cunha (50.0 kg)
- Botswana (11.0 kg)
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This report provides an in-depth analysis of the vitamin market in South Africa.
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This report provides an in-depth analysis of the global vitamin market.
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This report provides an in-depth analysis of the vitamin market in South Africa.
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This report provides an in-depth analysis of the global vitamin market.
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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.
361
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.
1430
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...
847
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...
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.
361
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.
1430
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...
847
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...
