Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines - 2023
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines (CIF) - 2022
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines (FOB) - 2022
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines (CIF) - 2022
The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $27,331 per ton in 2022, waning by -7.9% against the previous year. Overall, the import price, however, showed moderate growth. The most prominent rate of growth was recorded in 2015 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $49,099 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($48,044 per ton), while the price for France ($21,693 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines (FOB) - 2022
The average export price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $36,923 per ton in 2022, picking up by 69% against the previous year. In general, the export price recorded a moderate increase. The export price peaked at $63,606 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Palau ($42,500 per ton), while the average price for exports to Singapore totaled $35,909 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines
In 2022, after three years of growth, there was significant decline in supplies from abroad of vitamins; vitamin B1 and its derivatives, unmixeds, when their volume decreased by -33.6% to 162 tons. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.0% 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 with an increase of 30%.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds declined markedly to $4.4M in 2022. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of $7.2M, and then reduced dramatically in the following year.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,236 | 4,410 | 4,627 | 3,340 | 14.3% |
| Germany | 1,543 | 435 | 1,284 | 865 | -17.5% |
| India | 0.3 | 16.4 | 32.0 | 141 | 677.5% |
| France | 37.1 | 31.4 | 96.2 | 80.3 | 29.4% |
| Singapore | 179 | 392 | 95.3 | 8.2 | -64.2% |
| Hong Kong SAR | 83.2 | 91.5 | 86.9 | N/A | 2.2% |
| Netherlands | 837 | 185 | 83.4 | N/A | -68.4% |
| Canada | 75.2 | 98.3 | 111 | N/A | 21.5% |
| Others | 1,273 | 557 | 832 | 2.1 | -88.2% |
| Total | 6,264 | 6,216 | 7,248 | 4,436 | -10.9% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to the Philippines in 2022:
- China (135.5 tons)
- Germany (19.8 tons)
- France (3.7 tons)
- India (2.9 tons)
- Singapore (0.3 tons)
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines
In 2022, shipments abroad of vitamins; vitamin B1 and its derivatives, unmixeds increased by 86% to 13 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep downturn.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds skyrocketed to $480 in 2022. Over the period under review, exports, however, saw a abrupt decline.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 670 | 457 | 107 | 395 | -16.1% |
| Palau | 82.0 | 77.0 | 19.0 | 85.0 | 1.2% |
| Timor-Leste | N/A | N/A | 7.0 | N/A | 0% |
| Canada | N/A | N/A | 20.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 752 | 534 | 153 | 480 | -13.9% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from the Philippines in 2022:
- Singapore (11.0 kg)
- Palau (2.0 kg)
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This report provides an in-depth analysis of the vitamin market in the Philippines.
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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 the Philippines.
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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.
370
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...
855
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.
370
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...
855
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...
