Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama - 2024
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama (FOB) - 2022
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama (CIF) - 2022
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama (FOB) - 2022
The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $3,790,793 per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 103% against the previous year. The export price peaked at $4,174,908 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +118.4% per year.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $23,778 per ton, dropping by -24% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 97%. The import price peaked at $90,640 per ton in 2017; however, from 2018 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 Free Zones ($28,368 per ton), while the price for China ($18,628 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama
In 2022, overseas shipments of vitamins; vitamin B12 and its derivatives, unmixeds decreased by -60% to 227 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, the exports reached the peak of 685 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds contracted notably to $861K in 2022. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, the exports attained the peak of $2.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 1.7 | 2.4 | 2.2 | 0.9 | -19.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 2.4 | 2.2 | 0.9 | -19.1% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Panama in 2022:
- Ecuador (227.0 kg)
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama
In 2022, after three years of growth, there was significant decline in purchases abroad of vitamins; vitamin B12 and its derivatives, unmixeds, when their volume decreased by -15.3% to 760 kg. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds declined significantly to $18K in 2022. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of $38K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 5.6 | 2.8 | 9.8 | 10.9 | 24.9% |
| United States | 2.2 | 6.4 | 12.9 | 3.7 | 18.9% |
| China | 25.5 | 21.5 | 3.2 | 3.4 | -48.9% |
| Belgium | N/A | N/A | 1.7 | N/A | 0% |
| Switzerland | N/A | 7.8 | N/A | N/A | 0% |
| Costa Rica | 1.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.4 | 0.1 | -75.0% |
| Total | 34.4 | 38.5 | 28.1 | 18.1 | -19.3% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Panama in 2022:
- Free Zones (386.0 kg)
- United States (193.0 kg)
- China (180.0 kg)
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This report provides an in-depth analysis of the vitamin market in Panama.
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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 Panama.
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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...
