Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada - 2024
Contents:
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada (CIF) - 2024
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada (FOB) - 2022
- Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada
- Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada (CIF) - 2024
The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $34,147 per ton in January 2024, rising by 71% against the previous month. In general, import price indicated resilient growth from January 2023 to January 2024: its price increased at an average monthly rate of +7.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for vitamins; vitamin B2 and its derivatives, unmixeds increased by +71.4% against December 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 108% m-o-m. Over the period under review, average import prices reached the maximum in January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($110K per ton), while the price for the UK ($13,372 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $54,102 per ton, growing by 11% against the previous year. Overall, the export price posted moderate growth. The pace of growth was the most pronounced in 2013 an increase of 133%. As a result, the export price attained the peak level of $94,124 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($58,678 per ton), while the average price for exports to Germany ($30,281 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 Pakistan (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada
In 2022, approx. 298 tons of vitamins; vitamin B2 and its derivatives, unmixeds were imported into Canada; jumping by 22% compared with the previous year. The total import volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds expanded remarkably to $6.8M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.
| Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 2.8 | 3.0 | 3.9 | 3.7% |
| Germany | 2.5 | 1.2 | 2.4 | 2.2 | -4.2% |
| South Korea | 0.6 | 0.4 | 0.3 | 0.4 | -12.6% |
| Others | 0.3 | 0.2 | 0.4 | 0.2 | -12.6% |
| Total | 6.8 | 4.7 | 6.0 | 6.8 | 0.0% |
Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Canada in 2022:
- China (160.4 tons)
- Germany (112.8 tons)
- South Korea (15.9 tons)
Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada
In 2022, approx. 1.8 tons of vitamins; vitamin B2 and its derivatives, unmixeds were exported from Canada; with a decrease of -71.1% on 2021. Over the period under review, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 1,233% against the previous year. As a result, the exports reached the peak of 6.1 tons, and then dropped markedly in the following year.
In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds contracted markedly to $95K in 2022. Overall, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 1,434%. As a result, the exports attained the peak of $297K, and then declined sharply in the following year.
| Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 78.3 | 7.9 | 280 | 86.5 | 3.4% |
| China | N/A | 1.8 | 8.9 | 3.5 | 39.4% |
| Bahrain | N/A | N/A | N/A | 2.3 | 0% |
| Germany | N/A | 0.6 | 1.0 | 1.7 | 68.3% |
| Hong Kong SAR | 10.0 | 4.1 | 4.1 | N/A | -36.0% |
| Taiwan (Chinese) | 13.0 | 0.9 | 0.1 | N/A | -91.2% |
| Pakistan | 9.3 | N/A | N/A | N/A | 0% |
| Others | N/A | 4.1 | 3.6 | 1.4 | -41.6% |
| Total | 111 | 19.4 | 297 | 95.5 | -4.9% |
Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from Canada in 2022:
- United States (1475.0 kg)
- China (113.0 kg)
- Bahrain (74.0 kg)
- Germany (57.0 kg)
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This report provides an in-depth analysis of the vitamin market in Canada.
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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 Canada.
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This report provides an in-depth analysis of the global vitamin market.
441
In June 2023, the Vitamin price in Canada was $12,803 per ton (CIF), showing a decrease of 15.2% compared to 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...
441
In June 2023, the Vitamin price in Canada was $12,803 per ton (CIF), showing a decrease of 15.2% compared to 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...
