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

Contents:

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

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

The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $101,533 per ton in 2022, picking up by 5.2% against the previous year. Overall, the import price, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2013 an increase of 33%. Over the period under review, average import prices hit record highs at $193,300 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 Germany ($122,364 per ton), while the price for the Czech Republic ($20,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, overseas purchases of vitamins; vitamin B2 and its derivatives, unmixeds decreased by -50% to 15 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of 30 kg, and then shrank significantly in the following year.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds shrank dramatically to $1.5K in 2022. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 66%. As a result, imports attained the peak of $3.2K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Luxembourg (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,5491,1902,0081,346-4.6%
Poland21.031528.096.066.0%
BelgiumN/A1,699N/A61.0-81.1%
Czech RepublicN/AN/A25.020.0-20.0%
FranceN/AN/A835N/A0%
Others3633.0N/AN/A-99.2%
Total1,9333,2072,8961,523-7.6%

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

  1. Germany (11.0 kg)
  2. Poland (2.0 kg)
  3. Belgium (1.0 kg)
  4. Czech Republic (1.0 kg)

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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