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

Contents:

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

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

The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $87,225 per ton in 2022, with an increase of 31% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vitamins; vitamin B2 and its derivatives, unmixeds increased by +172.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 107% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 China ($154,583 per ton), while the price for Poland ($21,129 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $64,462 per ton, picking up by 141% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 160% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($146,250 per ton), while the average price for exports to Croatia ($20,333 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+61.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of vitamins; vitamin B2 and its derivatives, unmixeds decreased by -15.9% to 4.3 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 132%. As a result, imports reached the peak of 14 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds rose remarkably to $375K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 59%. As a result, imports reached the peak of $436K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany17823728431821.3%
Netherlands9.25.410.415.418.7%
SpainN/A10.810.914.515.9%
Poland10.520.812.911.73.7%
Czech Republic14.546.010.47.2-20.8%
China36.9N/A1.11.9-62.8%
United KingdomN/A112N/AN/A0%
Others24.54.510.46.8-34.8%
Total27443634037511.0%

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

  1. Germany (3120.0 kg)
  2. Poland (552.0 kg)
  3. Netherlands (258.0 kg)
  4. Czech Republic (207.0 kg)
  5. Spain (118.0 kg)
  6. China (12.0 kg)

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

Exports of vitamins; vitamin B2 and its derivatives, unmixeds from Slovakia soared to 39 kg in 2022, picking up by 105% against 2021 figures. In general, exports posted a pronounced expansion. As a result, the exports attained 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 $2.5K in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Slovakia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/AN/AN/A8010%
HungaryN/AN/AN/A5850%
PolandN/A2551222692.7%
GermanyN/A29.087.0263201.1%
Czech RepublicN/A28.015.0249198.2%
SpainN/AN/A62.0124100.0%
RomaniaN/AN/AN/A90.00%
CroatiaN/AN/AN/A61.00%
UkraineN/A30.019.052.031.7%
United Kingdom1,031N/AN/AN/A0%
OthersN/AN/A20320.0-90.1%
Total1,0313425082,51434.6%

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

  1. Poland (7.0 kg)
  2. Germany (7.0 kg)
  3. Italy (6.0 kg)
  4. Czech Republic (5.0 kg)
  5. Hungary (4.0 kg)
  6. Croatia (3.0 kg)
  7. Ukraine (2.0 kg)
  8. Romania (2.0 kg)
  9. Spain (2.0 kg)

Source: IndexBox Market Intelligence Platform

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