Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt - 2023

Contents:

  1. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt (CIF) - 2022
  2. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt (FOB) - 2022
  3. Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt
  4. Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $35,414 per ton, reducing by -2.1% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $63,886 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Switzerland ($35,431 per ton) and Germany ($35,419 per ton), while the price for the UK ($35,405 per ton) and China ($35,413 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt (FOB) - 2022

In 2021, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $27,965 per ton, rising by 24% against the previous year. In general, the export price recorded a slight expansion. The export price peaked at $69,925 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ethiopia ($28,105 per ton), while the average price for exports to Jordan stood at $27,922 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (-25.8%).

Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt

For the third consecutive year, Egypt recorded decline in purchases abroad of vitamins; vitamin B2 and its derivatives, unmixeds, which decreased by -25.4% to 29 tons in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The smallest decline of -1.6% was in 2021.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds reduced remarkably to $1M in 2022. In general, imports showed a dramatic descent. The smallest decline of -16.4% was in 2021.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4702761795485.3%
South Korea351162119196-17.7%
France519281292119-38.8%
Germany32615526.594.3-33.9%
United Kingdom74.670.511.540.8-18.2%
Switzerland51.346.523.117.9-29.6%
Japan411375349N/A-7.9%
Netherlands21.2158241N/A237.2%
United States41.635.631.2N/A-13.4%
Others1591131245.0-68.4%
Total2,4261,6721,3971,021-25.1%

Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Egypt in 2022:

  1. China (15.5 tons)
  2. South Korea (5.5 tons)
  3. France (3.3 tons)
  4. Germany (2.7 tons)
  5. United Kingdom (1.2 tons)
  6. Switzerland (0.5 tons)

Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt

Exports of vitamins; vitamin B2 and its derivatives, unmixeds from Egypt reached 402 kg in 2021, increasing by 10% compared with the year before. The total export volume increased at an average annual rate of +10.1% from 2020 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. 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 B2 and its derivatives, unmixeds surged to $11K in 2021. In general, total exports indicated a significant expansion from 2020 to 2021: its value increased at an average annual rate of +37.1% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Egypt (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
JordanN/A8.60%
EthiopiaN/A2.70%
Kenya7.0N/A0%
Morocco1.2N/A0%
OthersN/AN/A0%
Total8.211.236.6%

Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from Egypt in 2022:

  1. Jordan (307.0 kg)
  2. Ethiopia (95.0 kg)

Source: IndexBox Market Intelligence Platform

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