Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia - 2023
Contents:
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia (CIF) - 2022
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia (FOB) - 2022
- Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia
- Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $19,744 per ton, with an increase of 22% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $27,917 per ton in 2019; however, from 2020 to 2022, 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 Poland ($57,688 per ton), while the price for Denmark ($18,094 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia (FOB) - 2022
The average export price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $54,822 per ton in 2022, dropping by -55.1% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 97%. Over the period under review, the average export prices attained the peak figure at $146,000 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($416,000 per ton), while the average price for exports to Germany ($23,870 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+22.0%), while the prices for the other major destinations experienced a decline.
Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of vitamins; vitamin B2 and its derivatives, unmixeds, when their volume decreased by -42.4% to 3.7 tons. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 2.2%. As a result, imports attained the peak of 6.4 tons, and then contracted notably in the following year.
In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds fell rapidly to $73K in 2022. Overall, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 1.7%.
| Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 163 | 96.3 | 86.5 | 58.7 | -28.9% |
| Germany | 0.4 | 0.5 | 3.1 | 7.0 | 159.6% |
| Estonia | 7.6 | 2.8 | 4.0 | 1.4 | -43.1% |
| Netherlands | N/A | 0.7 | 7.0 | 0.2 | -46.5% |
| Others | 0.5 | 1.4 | 2.8 | 5.5 | 122.4% |
| Total | 171 | 102 | 103 | 72.8 | -24.8% |
Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Latvia in 2022:
- Denmark (3244.0 kg)
- Germany (281.0 kg)
- Estonia (69.0 kg)
- Netherlands (10.0 kg)
Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia
Exports of vitamins; vitamin B2 and its derivatives, unmixeds from Latvia soared to 73 kg in 2022, growing by 711% against 2021 figures. Over the period under review, exports recorded a significant expansion. 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 skyrocketed to $4K in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 398% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | N/A | N/A | 2,996 | 0% |
| Germany | 274 | 513 | 236 | 549 | 26.1% |
| Russia | 261 | 25.0 | 863 | 416 | 16.8% |
| Denmark | N/A | 2,125 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 41.0 | 0% |
| Total | 535 | 2,663 | 1,099 | 4,002 | 95.6% |
Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from Latvia in 2022:
- Uzbekistan (49.0 kg)
- Germany (23.0 kg)
- Russia (1.0 kg)
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This report provides an in-depth analysis of the vitamin market in Latvia.
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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 Latvia.
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This report provides an in-depth analysis of the global vitamin market.
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.
1435
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...
853
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...
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.
1435
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...
853
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...
