Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium - 2023
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium (CIF) - 2023
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium (FOB) - 2022
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium (CIF) - 2023
In December 2023, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $27,171 per ton, increasing by 70% against the previous month. Over the period under review, the import price, however, saw a deep reduction. The growth pace was the most rapid in May 2023 when the average import price increased by 1,203% m-o-m. Over the period under review, average import prices attained the maximum at $102K per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for the Netherlands amounted to -0.5% per month.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium (FOB) - 2022
The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $6,167 per ton in 2022, jumping by 248% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. The export price peaked at $29,413 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($45,941 per ton), while the average price for exports to Hungary ($3,477 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 (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium
In 2022, approx. 278 tons of vitamins; vitamin B12 and its derivatives, unmixeds were imported into Belgium; shrinking by -15.6% on the year before. Over the period under review, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 329 tons, and then reduced remarkably in the following year.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds surged to $5.4M in 2022. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 89%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.7 | 0.9 | 3.2 | 4.3 | 16.8% |
| Netherlands | 1.1 | 1.0 | 0.8 | 0.7 | -14.0% |
| Spain | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 0.3 | 0.4 | 0.4 | 0.2 | -12.6% |
| Total | 4.3 | 2.4 | 4.5 | 5.4 | 7.9% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Belgium in 2022:
- Netherlands (171.7 tons)
- France (95.4 tons)
- Spain (7.2 tons)
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium
Exports of vitamins; vitamin B12 and its derivatives, unmixeds from Belgium skyrocketed to 729 tons in 2022, jumping by 86% compared with the year before. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 171%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds surged to $4.5M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,181 | 3.0 | 10.3 | 4,003 | 50.2% |
| Netherlands | 227 | 648 | 245 | 255 | 4.0% |
| Hungary | 54.7 | 41.6 | 30.7 | 25.9 | -22.1% |
| Togo | N/A | 323 | 171 | N/A | -47.1% |
| Others | 377 | 400 | 239 | 212 | -17.5% |
| Total | 1,840 | 1,415 | 696 | 4,496 | 34.7% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Belgium in 2022:
- France (642.1 tons)
- Netherlands (55.8 tons)
- Hungary (7.5 tons)
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This report provides an in-depth analysis of the vitamin market in Belgium.
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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 Belgium.
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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.
364
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.
1432
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.
364
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.
1432
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...
