Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Kuwait - 2022

Contents:

  1. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Kuwait (CIF) - 2022
  2. Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Kuwait

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

The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $30,267 per ton in 2022, shrinking by -16.3% against the previous year. Over the period under review, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 108%. As a result, import price attained the peak level of $102,723 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($30,273 per ton), while the price for Angola ($30,266 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+144.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 12 tons of vitamins; vitamin B2 and its derivatives, unmixeds were imported into Kuwait; rising by 381% against the year before. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,508% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds skyrocketed to $365K in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,459% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.15.056.2155420.4%
AngolaN/AN/AN/A1260%
ItalyN/AN/A32.481.5151.5%
Others0.40.92.03.2100.0%
Total1.55.890.7365524.3%

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

  1. United States (5.1 tons)
  2. Angola (4.2 tons)
  3. Italy (2.7 tons)

Source: IndexBox Market Intelligence Platform

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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. 

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