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

Contents:

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

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

The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $14,289 per ton in 2022, which is down by -11.4% against the previous year. In general, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 83% against the previous year. As a result, import price attained the peak level of $39,266 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($148,560 per ton), while the price for China ($13,174 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+57.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Imports of vitamins; vitamin B2 and its derivatives, unmixeds into Venezuela surged to 33 tons in 2022, growing by 190% against 2021. In general, imports continue to indicate a prominent expansion. 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 soared to $473K in 2022. Over the period under review, imports, however, showed a abrupt shrinkage.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China64.782.586.624856.5%
FranceN/AN/A26.083.5221.2%
Colombia1.416.839.931.9183.5%
Netherlands279N/AN/A1.0-84.7%
Others33838.531.8109-31.4%
Total683138184473-11.5%

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

  1. China (18.9 tons)
  2. France (6.0 tons)
  3. Colombia (2.0 tons)

Source: IndexBox Market Intelligence Platform

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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. 

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