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

Contents:

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

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

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $16,602 per ton, declining by -2.3% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 33%. The import price peaked at $31,337 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($17,291 per ton) and Belgium ($16,806 per ton), while the price for China ($14,255 per ton) and Germany ($14,846 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $27,819 per ton, which is down by -6.6% against the previous year. Overall, the export price saw a deep slump. The growth pace was the most rapid in 2021 when the average export price increased by 69%. The export price peaked at $49,011 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($28,043 per ton), while the average price for exports to Armenia stood at $23,802 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+1.8%), while the prices for the other major destinations experienced a decline.

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

Imports of vitamins; vitamin B2 and its derivatives, unmixeds into Russia expanded slightly to 322 tons in 2022, increasing by 1.8% against the previous year. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +52.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds contracted slightly to $5.4M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of $5.4M, leveling off in the following year.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,4341,1731,5651,645-12.2%
NetherlandsN/A42.9N/A1,050394.7%
Germany1,3401,1261,438740-18.0%
Belgium0.10.190.7118956.7%
FranceN/AN/A1540.6-99.6%
Others4671,9962,1381,79956.8%
Total4,2424,3385,3865,3538.1%

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

  1. China (115.4 tons)
  2. Netherlands (60.7 tons)
  3. Germany (49.8 tons)
  4. Belgium (7.0 tons)

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

In 2022, exports of vitamins; vitamin B2 and its derivatives, unmixeds from Russia surged to 1.6 tons, picking up by 49% compared with the previous year. Over the period under review, exports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2020 with an increase of 307% against the previous year. As a result, the exports reached the peak of 7.2 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds skyrocketed to $46K in 2022. Overall, exports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 139% against the previous year. As a result, the exports reached the peak of $127K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan30.728.028.843.912.7%
ArmeniaN/A2.64.21.9-14.5%
Belarus22.695.5N/AN/A322.6%
OthersN/A1.1N/AN/A0%
Total53.312733.045.8-4.9%

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

  1. Kazakhstan (1566.0 kg)
  2. Armenia (81.0 kg)

Source: IndexBox Market Intelligence Platform

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