Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Ukraine - 2023

Contents:

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

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Ukraine (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $61,721 per ton, declining by -43.4% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 103%. As a result, import price reached the peak level of $236,079 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($705,725 per ton), while the price for the Netherlands ($5,490 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-4.4%), while the prices for the other major suppliers experienced a decline.

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Ukraine (FOB) - 2022

In 2022, the average export price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $2,000 per ton, falling by -99.9% against the previous year. Over the period under review, the export price continues to indicate a sharp decline. The pace of growth was the most pronounced in 2021 a decrease of -0.1%. Over the period under review, the average export prices attained the peak figure at $2,624,000 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($3,000 per ton), while the average price for exports to Kazakhstan ($1,000 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+203.5%).

Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Ukraine

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 -21.1% to 6.2 tons. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of 7.8 tons, and then shrank markedly in the following year.

In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds contracted significantly to $381K in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of $854K, and then contracted remarkably in the following year.

Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China299290343194-13.4%
Spain55.415515983.014.4%
France17219926556.5-31.0%
Italy12.010.911.610.5-4.4%
Netherlands7.86.72.37.4-1.7%
Belgium8.79.38.05.7-13.1%
Germany68.620.038.05.4-57.1%
Others15.230.627.418.36.4%
Total639721854381-15.8%

Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Ukraine in 2022:

  1. China (1496.0 kg)
  2. Netherlands (1350.0 kg)
  3. Spain (1253.0 kg)
  4. Italy (1196.0 kg)
  5. Belgium (399.0 kg)
  6. Germany (224.0 kg)
  7. France (80.0 kg)

Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Ukraine

For the fourth year in a row, Ukraine recorded growth in overseas shipments of vitamins; vitamin B12 and its derivatives, unmixeds, which increased by 50% to 6 kg 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.

In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds contracted sharply to $12 in 2022. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 49,881% against the previous year. As a result, the exports attained the peak of $10K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Ukraine (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
KazakhstanN/AN/AN/A0%
UzbekistanN/AN/AN/A0%
MongoliaN/AN/AN/A0%
India10.410.5N/A1.0%
PolandN/AN/AN/A0%
GeorgiaN/AN/AN/A0%
Others0.1N/AN/A0%
Total10.510.5N/A0.0%

Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Ukraine in 2022:

  1. Poland (2.0 kg)
  2. Kazakhstan (2.0 kg)
  3. Mongolia (2.0 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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