Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States - 2023
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States (CIF) - 2023
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States (FOB) - 2022
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States (CIF) - 2023
The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $16,441 per ton in December 2023, standing approximately at the previous month. In general, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 16% against the previous month. Over the period under review, average import prices attained the peak figure at $21,784 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($42,578 per ton), while the price for China ($15,786 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.0%), while the prices for the other major suppliers experienced a decline.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States (FOB) - 2022
The average export price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $24,148 per ton in 2022, picking up by 3.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. Over the period under review, the average export prices attained the maximum at $35,199 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 the UK ($33,167 per ton), while the average price for exports to Argentina ($15,526 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 the UK (+8.4%), 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 United States
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 -16.5% to 2.5K tons. The total import volume increased at an average annual rate of +5.3% 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 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of 3K tons, and then dropped dramatically in the following year.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds dropped dramatically to $58M in 2022. Over the period under review, imports saw a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by 13%. As a result, imports reached the peak of $72M, and then dropped rapidly in the following year.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.5 | 51.6 | 62.8 | 49.6 | -0.6% |
| Germany | 7.6 | 10.3 | 6.5 | 6.5 | -5.1% |
| Others | 1.4 | 1.4 | 2.4 | 1.3 | -2.4% |
| Total | 59.5 | 63.3 | 71.7 | 57.5 | -1.1% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to the United States in 2022:
- China (2284.2 tons)
- Germany (173.9 tons)
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of vitamins; vitamin B1 and its derivatives, unmixeds, when their volume decreased by -7.8% to 309 tons. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. As a result, the exports attained the peak of 335 tons, and then contracted in the following year.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds reduced modestly to $7.5M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of $8M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3,335 | 3,835 | 4,507 | 4,862 | 13.4% |
| China | 293 | 183 | 437 | 502 | 19.7% |
| Mexico | 926 | 813 | 775 | 350 | -27.7% |
| Netherlands | 176 | 168 | 657 | 239 | 10.7% |
| Colombia | 110 | 299 | 59.7 | 135 | 7.1% |
| Singapore | 329 | 158 | 151 | 103 | -32.1% |
| Japan | 178 | 22.4 | N/A | 100 | -17.5% |
| United Kingdom | 118 | 680 | 377 | 87.3 | -9.6% |
| India | N/A | 11.4 | N/A | 86.0 | 174.7% |
| Argentina | 7.8 | 16.6 | 9.2 | 79.2 | 116.5% |
| United Arab Emirates | 93.7 | 1,086 | 5.0 | 15.8 | -44.8% |
| Saudi Arabia | 294 | N/A | N/A | N/A | 0% |
| Others | 929 | 760 | 864 | 900 | -1.1% |
| Total | 6,788 | 8,032 | 7,841 | 7,459 | 3.2% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from the United States in 2022:
- Canada (210.0 tons)
- China (19.5 tons)
- Mexico (11.9 tons)
- Netherlands (8.1 tons)
- Japan (5.9 tons)
- India (5.3 tons)
- Argentina (5.1 tons)
- Colombia (4.7 tons)
- Singapore (3.6 tons)
- United Kingdom (2.6 tons)
- United Arab Emirates (0.8 tons)
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This report provides an in-depth analysis of the vitamin market in the U.S..
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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 U.S..
2748
This report provides an in-depth analysis of the global vitamin market.
452
In August 2022, the vitamin price per ton amounted to $14.7K (CIF, US), surging by 3% against the previous month.
238
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.
1439
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...
452
In August 2022, the vitamin price per ton amounted to $14.7K (CIF, US), surging by 3% against the previous month.
238
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.
1439
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...
