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

Contents:

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

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

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $21,954 per ton, with an increase of 41% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $46,293 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.5% per year.

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

Imports of vitamins; vitamin B2 and its derivatives, unmixeds into Myanmar surged to 6.2 tons in 2022, jumping by 32% compared with the year before. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds surged to $136K in 2022. In general, imports, however, recorded a abrupt setback.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16298.464.5136-5.7%
Thailand1.0N/AN/AN/A0%
OthersN/A5.18.6N/A68.6%
Total16310473.1136-5.9%

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

  1. China (6.2 tons)

Source: IndexBox Market Intelligence Platform

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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.

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