Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Israel - 2024

Contents:

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

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

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $30,268 per ton, shrinking by -15.2% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vitamins; vitamin B2 and its derivatives, unmixeds decreased by -28.9% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 51% against the previous year. Over the period under review, average import prices attained the maximum at $42,550 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($30,303 per ton) and the Netherlands ($30,280 per ton), while the price for Germany ($30,257 per ton) and France ($30,263 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $27,861 per ton in December 2021, leveling off at the previous month. Overall, the export price posted a temperate expansion. Over the period under review, the average export prices attained the maximum in December 2021.

As there is only one major export destination, the average price level is determined by prices for the United States.

From March 2021 to December 2021, the rate of growth in terms of prices for the United States amounted to 0.0% per month.

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

After two years of decline, purchases abroad of vitamins; vitamin B2 and its derivatives, unmixeds increased by 25% to 14 tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds totaled $425K in 2022. Over the period under review, imports, however, continue to indicate a deep reduction.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Israel (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SwitzerlandN/A264N/A175-18.6%
China18316271.0160-4.4%
NetherlandsN/A17.0N/A39.051.5%
FranceN/AN/AN/A23.00%
Germany3524.029020.0-61.6%
Hong Kong SARN/AN/AN/A7.00%
India35.018.036.0N/A1.4%
Others28.02.05.01.0-67.1%
Total598467402425-10.8%

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

  1. Switzerland (5.8 tons)
  2. China (5.3 tons)
  3. Netherlands (1.3 tons)
  4. France (0.8 tons)
  5. Germany (0.7 tons)
  6. Hong Kong SAR (0.2 tons)

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

For the fourth year in a row, Israel recorded growth in shipments abroad of vitamins; vitamin B2 and its derivatives, unmixeds, which increased by 65% to 3.8 tons in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 259% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds surged to $41K in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 137% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Israel (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NigeriaN/A23.730.525.53.7%
United States6.23.5N/A10.017.3%
PolandN/AN/AN/A2.90%
Others5.50.53.92.8-20.2%
Total11.627.634.441.252.6%

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

  1. Nigeria (3314.0 kg)
  2. United States (200.0 kg)
  3. Poland (154.0 kg)

Source: IndexBox Market Intelligence Platform

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