Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China - 2023
Contents:
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China (FOB) - 2023
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China (CIF) - 2022
- Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China
- Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China (FOB) - 2023
In December 2023, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $17,238 per ton, dropping by -19% against the previous month. Overall, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 36% month-to-month. The export price peaked at $25,975 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($21,713 per ton), while the average price for exports to Brazil ($10,936 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $17,580 per ton, declining by -11.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 52% against the previous year. As a result, import price reached the peak level of $32,029 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($81,977 per ton), while the price for South Korea ($15,373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China
In 2022, approx. 2.6K tons of vitamins; vitamin B2 and its derivatives, unmixeds were exported from China; with a decrease of -10.2% compared with the year before. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2.2% against the previous year.
In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds contracted to $70M in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 1.1% against the previous year.
| Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.8 | 27.0 | 25.9 | 23.3 | -0.7% |
| Germany | 3.4 | 3.1 | 4.9 | 3.7 | 2.9% |
| South Korea | 4.3 | 3.4 | 2.9 | 3.6 | -5.8% |
| India | 5.4 | 3.7 | 5.5 | 3.5 | -13.5% |
| Indonesia | 3.7 | 2.8 | 5.0 | 2.8 | -8.9% |
| Brazil | 3.0 | 2.2 | 1.5 | 2.5 | -5.9% |
| Vietnam | 4.4 | 2.7 | 2.4 | 1.9 | -24.4% |
| Sri Lanka | 2.3 | 1.7 | 1.7 | 1.8 | -7.8% |
| Russia | 2.4 | 1.2 | 1.5 | 1.6 | -12.6% |
| Mexico | 1.2 | 0.7 | 0.8 | 1.1 | -2.9% |
| Lithuania | 0.5 | 0.3 | 0.1 | 0.9 | 21.6% |
| Thailand | 1.7 | 1.2 | 1.7 | 0.9 | -19.1% |
| Singapore | 1.8 | 1.5 | 1.8 | 0.7 | -27.0% |
| Others | 29.6 | 24.4 | 21.0 | 21.3 | -10.4% |
| Total | 87.6 | 75.9 | 76.7 | 69.6 | -7.4% |
Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from China in 2022:
- United States (568.4 tons)
- Brazil (159.5 tons)
- Indonesia (156.3 tons)
- India (150.0 tons)
- Sri Lanka (140.3 tons)
- Vietnam (118.5 tons)
- Russia (115.5 tons)
- Germany (93.7 tons)
- South Korea (85.9 tons)
- Lithuania (69.9 tons)
- Mexico (69.0 tons)
- Thailand (64.6 tons)
- Singapore (62.2 tons)
Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China
In 2022, after three years of growth, there was significant decline in supplies from abroad of vitamins; vitamin B2 and its derivatives, unmixeds, when their volume decreased by -43.8% to 471 tons. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 24%.
In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds reduced notably to $8.3M in 2022. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year.
| Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.5 | 10.8 | 12.9 | 5.1 | -7.8% |
| South Korea | 2.9 | 1.8 | 2.2 | 2.4 | -6.1% |
| United States | 0.4 | 0.6 | 1.2 | 0.8 | 26.0% |
| Others | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 9.8 | 13.4 | 16.6 | 8.3 | -5.4% |
Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to China in 2022:
- Germany (308.0 tons)
- South Korea (153.3 tons)
- United States (9.2 tons)
588
This report provides an in-depth analysis of the vitamin market in China.
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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 China.
2747
This report provides an in-depth analysis of the global vitamin market.
458
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
237
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.
371
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.
1438
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...
856
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...
458
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
237
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.
371
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.
1438
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...
856
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...
