Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China - 2024
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China (FOB) - 2022
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China (CIF) - 2024
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China (FOB) - 2022
The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $353,234 per ton in 2022, falling by -37.8% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. The export price peaked at $889,709 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,056,988 per ton), while the average price for exports to Bangladesh ($73,409 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 Netherlands (+2.5%), while the prices for the other major destinations experienced a decline.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China (CIF) - 2024
In December 2023, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $119K per ton, surging by 36% against the previous month. Overall, the import price, however, saw a deep reduction. The growth pace was the most rapid in August 2023 when the average import price increased by 422% m-o-m. The import price peaked at $256K per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Switzerland ($44,238 per ton), while the price for Germany totaled $29,493 per ton.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Switzerland (-0.3%).
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China
Exports of vitamins; vitamin B12 and its derivatives, unmixeds from China surged to 446 tons in 2022, jumping by 56% compared with the previous year. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds shrank slightly to $158M in 2022. Over the period under review, exports, however, recorded a deep downturn. The smallest decline of -2.9% was in 2021.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 71.1 | 73.0 | 61.0 | 57.4 | -6.9% |
| India | 44.3 | 35.0 | 35.7 | 32.9 | -9.4% |
| Netherlands | 3.3 | 6.6 | 6.6 | 5.9 | 21.4% |
| Spain | 6.6 | 7.5 | 5.2 | 5.7 | -4.8% |
| Mexico | 7.1 | 5.5 | 5.9 | 5.5 | -8.2% |
| Indonesia | 2.9 | 1.2 | 2.1 | 4.8 | 18.3% |
| Germany | 3.7 | 4.6 | 4.4 | 4.8 | 9.1% |
| South Korea | 1.6 | 1.3 | 1.3 | 2.1 | 9.5% |
| Bangladesh | 0.8 | 0.7 | 0.6 | 0.8 | 0.0% |
| Others | 54.3 | 31.9 | 39.5 | 37.9 | -11.3% |
| Total | 196 | 167 | 162 | 158 | -6.9% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from China in 2022:
- United States (245.8 tons)
- India (46.0 tons)
- Mexico (22.3 tons)
- Germany (21.8 tons)
- Netherlands (16.7 tons)
- South Korea (16.6 tons)
- Bangladesh (10.3 tons)
- Indonesia (9.3 tons)
- Spain (6.9 tons)
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China
In 2022, overseas purchases of vitamins; vitamin B12 and its derivatives, unmixeds were finally on the rise to reach 19 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a sharp setback.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds soared to $5.6M in 2022. Over the period under review, imports, however, recorded a significant decrease.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 54.9 | 45.7 | 2.1 | 3.2 | -61.2% |
| Germany | 0.1 | 0.1 | 0.1 | 1.0 | 115.4% |
| Switzerland | 0.6 | 0.7 | 1.2 | 0.7 | 5.3% |
| Denmark | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
| United States | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.4 | 0.4 | 0.3 | 44.2% |
| Total | 56.0 | 47.1 | 4.4 | 5.6 | -53.6% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to China in 2022:
- Germany (7.8 tons)
- Switzerland (7.4 tons)
- Japan (2.8 tons)
- Denmark (0.5 tons)
- United States (0.5 tons)
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This report provides an in-depth analysis of the vitamin market in China.
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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 China.
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This report provides an in-depth analysis of the global vitamin market.
455
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
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.
369
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.
1437
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...
854
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...
455
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
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.
369
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.
1437
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...
854
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...
