Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium - 2023
Contents:
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium (CIF) - 2023
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium (FOB) - 2022
- Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium
- Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium (CIF) - 2023
The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $18,409 per ton in October 2023, flattening at the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in February 2023 an increase of 59% month-to-month. Over the period under review, average import prices hit record highs at $20,792 per ton in May 2023; however, from June 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was India ($86,210 per ton), while the price for Germany ($14,650 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium (FOB) - 2022
The average export price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $23,055 per ton in 2022, waning by -5.2% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vitamins; vitamin B2 and its derivatives, unmixeds decreased by -31.4% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 41%. The export price peaked at $33,613 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 France ($87,314 per ton), while the average price for exports to Hungary ($14,583 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 France (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium
In 2022, supplies from abroad of vitamins; vitamin B2 and its derivatives, unmixeds decreased by -9.4% to 284 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, imports reached the peak of 355 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds fell to $4.8M in 2022. In general, imports showed a deep downturn. The smallest decline of -8.8% was in 2021.
| Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.8 | 3.3 | 3.6 | 3.0 | -19.7% |
| Germany | 2.0 | 1.7 | 1.5 | 1.4 | -11.2% |
| India | 0.2 | 0.8 | 0.2 | 0.4 | 26.0% |
| South Korea | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.3 | 0.3 | N/A | -29.3% |
| Total | 9.1 | 6.1 | 5.6 | 4.8 | -19.2% |
Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Belgium in 2022:
- Netherlands (180.4 tons)
- Germany (90.9 tons)
- India (11.4 tons)
Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium
After two years of decline, shipments abroad of vitamins; vitamin B2 and its derivatives, unmixeds increased by 5.3% to 41 tons in 2022. Overall, exports, however, continue to indicate a sharp contraction.
In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds reduced slightly to $936K in 2022. Over the period under review, exports, however, faced a sharp downturn.
| Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 413 | 174 | 222 | 229 | -17.8% |
| Russia | 0.1 | 0.1 | 86.7 | 116 | 950.7% |
| Poland | 43.7 | 48.0 | 65.6 | 85.6 | 25.1% |
| Tunisia | 107 | 90.2 | 0.8 | 74.5 | -11.4% |
| Nigeria | 30.4 | 80.6 | 25.0 | 48.8 | 17.1% |
| Iran | N/A | N/A | 9.0 | 47.6 | 428.9% |
| Italy | 83.5 | 36.7 | 67.4 | 40.6 | -21.4% |
| Hungary | 197 | 88.2 | 44.8 | 34.7 | -43.9% |
| Belarus | 13.1 | N/A | 15.6 | 30.7 | 32.8% |
| Germany | 322 | 124 | 198 | 25.2 | -57.2% |
| Spain | 260 | 65.7 | 34.9 | 22.7 | -55.6% |
| Czech Republic | 91.2 | 20.3 | 0.7 | 18.8 | -40.9% |
| Morocco | 5.2 | 8.1 | 6.9 | 17.5 | 49.9% |
| Others | 1,237 | 333 | 161 | 145 | -51.1% |
| Total | 2,804 | 1,069 | 938 | 936 | -30.6% |
Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from Belgium in 2022:
- Russia (6.9 tons)
- Poland (5.4 tons)
- Tunisia (3.5 tons)
- France (2.6 tons)
- Nigeria (2.5 tons)
- Hungary (2.4 tons)
- Iran (2.4 tons)
- Italy (2.2 tons)
- Belarus (2.0 tons)
- Spain (1.4 tons)
- Germany (1.3 tons)
- Czech Republic (1.0 tons)
- Morocco (1.0 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.
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.
366
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.
1433
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...
851
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.
366
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.
1433
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...
851
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...
