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

Contents:

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

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

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $23,575 per ton, rising by 8.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 73% against the previous year. Over the period under review, average import prices reached the maximum at $32,687 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($95,573 per ton), while the price for France ($16,655 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $35,334 per ton, picking up by 23% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $43,596 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($129,348 per ton), while the average price for exports to Portugal ($15,619 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of vitamins; vitamin B2 and its derivatives, unmixeds decreased by -20.9% to 194 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 3.4% against the previous year. As a result, imports attained the peak of 251 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 dropped to $4.6M in 2022. In general, imports continue to indicate a abrupt shrinkage.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands6942,5252,5591,88039.4%
Germany7321,6751,4291,38923.8%
France2,152672867613-34.2%
China277455134274-0.4%
Italy70975520.8199-34.5%
India902188262190-40.5%
South Korea1,551N/AN/AN/A0%
Others68762.951.827.7-65.7%
Total7,7046,3335,3234,573-16.0%

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

  1. Netherlands (73.7 tons)
  2. Germany (64.9 tons)
  3. France (36.8 tons)
  4. Italy (10.0 tons)
  5. China (5.0 tons)
  6. India (2.0 tons)

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

For the third consecutive year, Spain recorded decline in shipments abroad of vitamins; vitamin B2 and its derivatives, unmixeds, which decreased by -18.5% to 20 tons in 2022. Over the period under review, exports recorded a abrupt downturn. The smallest decline of -0.6% was in 2020.

In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds amounted to $708K in 2022. Overall, exports saw a abrupt setback.

Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands18.14.827.4155104.6%
Italy199243163148-9.4%
Portugal38717219671.3-43.1%
Morocco88.454.243.460.8-11.7%
SerbiaN/AN/AN/A57.70%
Slovenia25.024.544.723.0-2.7%
Turkey2.816.622.219.591.0%
Algeria40.558.445.011.1-35.0%
Bolivia8.66.519.28.60.0%
Ecuador7.94.910.47.90.0%
Germany31.392.620.05.6-43.7%
Dominican Republic19.716.11.7N/A-70.6%
China189N/AN/AN/A0%
Others142282113140-0.5%
Total1,159975706708-15.2%

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

  1. Portugal (4.6 tons)
  2. Italy (3.4 tons)
  3. Morocco (3.4 tons)
  4. Netherlands (2.3 tons)
  5. Serbia (1.8 tons)
  6. Turkey (1.1 tons)
  7. Slovenia (0.6 tons)
  8. Bolivia (0.5 tons)
  9. Ecuador (0.4 tons)
  10. Germany (0.3 tons)
  11. Algeria (0.1 tons)

Source: IndexBox Market Intelligence Platform

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