Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand - 2024
Contents:
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand (CIF) - 2024
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand (FOB) - 2022
- Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand
- Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand (CIF) - 2024
The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $13,755 per ton in January 2024, waning by -8.4% against the previous month. Overall, the import price showed a mild decrease. The growth pace was the most rapid in May 2023 when the average import price increased by 21% month-to-month. Over the period under review, average import prices attained the peak figure at $16,170 per ton in June 2023; however, from July 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was South Korea ($16,771 per ton), while the price for China ($11,868 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced a decline.
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand (FOB) - 2022
The average export price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $19,002 per ton in 2022, jumping by 16% against the previous year. Overall, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 270%. Over the period under review, the average export prices reached the maximum at $90,606 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($54,515 per ton), while the average price for exports to Vietnam amounted to $15,629 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+34.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand
In 2022, the amount of vitamins; vitamin B2 and its derivatives, unmixeds imported into Thailand fell to 367 tons, waning by -9.9% compared with the previous year. In general, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 7.7%. As a result, imports attained the peak of 408 tons, and then reduced in the following year.
In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds fell to $5.6M in 2022. Overall, imports showed a dramatic slump.
| Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.9 | 4.2 | 2.9 | 2.6 | -31.0% |
| South Korea | 3.1 | 1.6 | 1.6 | 2.0 | -13.6% |
| China | 1.1 | 0.6 | 1.3 | 0.8 | -10.1% |
| Others | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Total | 12.3 | 6.6 | 6.0 | 5.6 | -23.1% |
Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Thailand in 2022:
- Germany (180.2 tons)
- South Korea (139.3 tons)
- China (44.7 tons)
Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand
In 2022, approx. 4.2 tons of vitamins; vitamin B2 and its derivatives, unmixeds were exported from Thailand; reducing by -6% against the previous year. In general, exports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,725% against the previous year. As a result, the exports attained the peak of 4.5 tons, and then fell in the following year.
In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds rose sharply to $80K in 2022. Overall, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2021 when exports increased by 299% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 62.4 | 0% |
| Australia | 33.6 | 4.0 | 5.8 | 7.1 | -40.4% |
| Myanmar | 1.0 | 1.6 | 2.1 | 1.6 | 17.0% |
| Philippines | 16.7 | N/A | 5.3 | N/A | -43.7% |
| Singapore | 0.8 | N/A | 42.9 | N/A | 632.3% |
| Bangladesh | N/A | N/A | 0.3 | N/A | 0% |
| Pakistan | 18.4 | N/A | 6.8 | N/A | -39.2% |
| Others | 5.3 | 12.7 | 9.6 | 8.4 | 16.6% |
| Total | 75.7 | 18.3 | 72.9 | 79.5 | 1.6% |
Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from Thailand in 2022:
- Vietnam (4.0 tons)
- Australia (0.1 tons)
1090
This report provides an in-depth analysis of the vitamin market in Thailand.
2741
This report provides an in-depth analysis of the global vitamin market.
1090
This report provides an in-depth analysis of the vitamin market in Thailand.
2741
This report provides an in-depth analysis of the global vitamin market.
235
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.
369
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.
1437
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
854
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
235
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.
369
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.
1437
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
854
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
