Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates - 2022

Contents:

  1. Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates (CIF) - 2022
  2. Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates (FOB) - 2022
  3. Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates
  4. Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $57,629 per ton, shrinking by -53.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 146%. Over the period under review, average import prices attained the maximum at $141,608 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 ($686,052 per ton), while the price for South Africa ($9,696 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $49,712 per ton, picking up by 6.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 55%. Over the period under review, the average export prices attained the maximum at $93,431 per ton in 2014; however, from 2015 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 Argentina ($609,783 per ton), while the average price for exports to the UK ($4,154 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 Angola (+71.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates

In 2022, imports of vitamins; vitamin B12 and its derivatives, unmixeds into the United Arab Emirates surged to 11 tons, growing by 84% against the previous year. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 136%. As a result, imports attained the peak of 17 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds shrank to $641K in 2022. Overall, imports, however, recorded a drastic downturn. The smallest decline of -2.5% was in 2020.

Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China553181508260-22.2%
India18427313224810.5%
United States37.510427.050.810.6%
South Africa10.553.924.135.049.4%
Hong Kong SAR21.564.120.929.210.7%
United Kingdom26.375.314.14.1-46.2%
France17.831.50.12.7-46.7%
Italy10.942.17.71.6-47.2%
Others11.527.617.18.9-8.2%
Total873852751641-9.8%

Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to the United Arab Emirates in 2022:

  1. China (5.8 tons)
  2. South Africa (3.6 tons)
  3. United States (0.5 tons)
  4. India (0.4 tons)
  5. Hong Kong SAR (0.4 tons)
  6. France (0.2 tons)
  7. United Kingdom (0.1 tons)

Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates

In 2022, exports of vitamins; vitamin b12 and its derivatives, unmixeds from the United Arab Emirates dropped markedly to 3.8 tons, shrinking by -75.5% compared with the year before. In general, exports recorded a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year.

In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds contracted rapidly to $187K in 2022. Over the period under review, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 116%.

Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran95.685.31901032.5%
Argentina51212717628.1-62.0%
India13968.725823.2-44.9%
Pakistan14639.762.216.5-51.7%
Oman18.46.425.411.7-14.0%
United KingdomN/A0.3N/A0.641.4%
Others2.02.21.63.722.8%
Total913329713187-41.1%

Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from the United Arab Emirates in 2022:

  1. Iran (2594.0 kg)
  2. India (350.0 kg)
  3. Oman (322.0 kg)
  4. Pakistan (246.0 kg)
  5. United Kingdom (149.0 kg)
  6. Argentina (46.0 kg)
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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. 

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