Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea - 2022
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea (CIF) - 2022
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea (FOB) - 2022
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea (CIF) - 2022
The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $56,946 per ton in 2022, waning by -5.8% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vitamins; vitamin B1 and its derivatives, unmixeds decreased by -14.8% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 35% against the previous year. The import price peaked at $66,857 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($121,517 per ton), while the price for China ($41,974 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea (FOB) - 2022
In December 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $97,341 per ton, which is down by -3.3% against the previous month. In general, the export price showed a mild setback. The pace of growth was the most pronounced in April 2022 when the average export price increased by 881% month-to-month. As a result, the export price reached the peak level of $751K per ton. From May 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In December 2022, the country with the highest price was Japan ($98,169 per ton), while the average price for exports to Taiwan (Chinese) stood at $80,570 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+21.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea
In 2022, approx. 359 tons of vitamins; vitamin B1 and its derivatives, unmixeds were imported into South Korea; surging by 9.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds expanded slightly to $20M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 9.4 | 7.7 | 9.2 | 5.7% |
| India | 4.2 | 4.7 | 6.3 | 5.0 | 6.0% |
| Germany | 2.3 | 3.2 | 3.6 | 4.1 | 21.3% |
| Japan | 1.4 | 1.0 | 2.2 | 1.3 | -2.4% |
| Others | 0.1 | 0.1 | 0.2 | 0.8 | 100.0% |
| Total | 15.9 | 18.4 | 19.9 | 20.5 | 8.8% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to South Korea in 2022:
- China (220.1 tons)
- Germany (74.1 tons)
- India (49.0 tons)
- Japan (11.1 tons)
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea
Exports of vitamins; vitamin B1 and its derivatives, unmixeds from South Korea expanded rapidly to 20 tons in 2022, with an increase of 7.9% compared with the year before. Over the period under review, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 27 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 significantly to $2.1M in 2022. In general, exports, however, faced a deep slump. The growth pace was the most rapid in 2020 when exports increased by 7.6%. As a result, the exports attained the peak of $4.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3,487 | 3,684 | 2,389 | 1,927 | -17.9% |
| Vietnam | 87.3 | 126 | 162 | 137 | 16.2% |
| Indonesia | 176 | 218 | 98.7 | 53.0 | -33.0% |
| Taiwan (Chinese) | 16.5 | 16.4 | 16.2 | 24.2 | 13.6% |
| Others | 26.7 | 37.5 | 26.9 | 1.2 | -64.4% |
| Total | 3,794 | 4,082 | 2,693 | 2,142 | -17.4% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from South Korea in 2022:
- Japan (15.7 tons)
- Vietnam (3.7 tons)
- Taiwan (Chinese) (0.3 tons)
- Indonesia (0.2 tons)
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This report provides an in-depth analysis of the vitamin market in Republic of Korea.
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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 Republic of Korea.
2747
This report provides an in-depth analysis of the global vitamin market.
237
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.
371
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.
1438
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...
856
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...
237
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.
371
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.
1438
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...
856
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...
