Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia - 2024
Contents:
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia (CIF) - 2024
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia (FOB) - 2022
- Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia
- Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia (CIF) - 2024
The average import price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $33,414 per ton in January 2024, surging by 69% against the previous month. Over the period under review, the import price showed noticeable growth. The growth pace was the most rapid in May 2023 when the average import price increased by 129% m-o-m. As a result, import price reached the peak level of $44,725 per ton. From June 2023 to January 2024, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was China ($33,631 per ton), while the price for Hong Kong SAR totaled $30,344 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+4.2%).
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia (FOB) - 2022
The average export price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $8,636 per ton in 2022, shrinking by -44.1% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the peak figure at $36,517 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($23,133 per ton), while the average price for exports to China ($6,516 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 Myanmar (+95.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia
In 2022, imports of vitamins; vitamin B6 and its derivatives, unmixeds into Australia rose remarkably to 132 tons, picking up by 9.2% against 2021. The total import volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 14% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds soared to $3.6M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 3.1 | 2.3 | 3.4 | 3.1% |
| United States | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 3.3 | 3.2 | 2.5 | 3.6 | 2.9% |
Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to Australia in 2022:
- China (128.0 tons)
- United States (2.9 tons)
Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia
For the fourth consecutive year, Australia recorded growth in shipments abroad of vitamins; vitamin B6 and its derivatives, unmixeds, which increased by 34% to 223 tons in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 523%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of vitamins; vitamin B6 and its derivatives, unmixeds dropped dramatically to $1.9M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 343% against the previous year. As a result, the exports attained the peak of $2.6M, and then reduced notably in the following year.
| Export of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 17.2 | 777 | 1,271 | 496.1% |
| Hong Kong SAR | N/A | 10.8 | 129 | 169 | 295.6% |
| New Zealand | 285 | 545 | 208 | 147 | -19.8% |
| Taiwan (Chinese) | N/A | N/A | 24.2 | 83.2 | 243.8% |
| Singapore | 9.2 | 4.7 | 579 | 76.0 | 102.2% |
| Malaysia | 7.3 | 0.6 | 470 | 57.1 | 98.5% |
| Thailand | N/A | N/A | 179 | N/A | 0% |
| Others | 33.1 | 2.2 | 203 | 122 | 54.5% |
| Total | 340 | 581 | 2,570 | 1,924 | 78.2% |
Top Export Markets for Vitamins; Vitamin B6 and Its Derivatives, Unmixed from Australia in 2022:
- China (195.0 tons)
- Hong Kong SAR (7.7 tons)
- New Zealand (6.4 tons)
- Taiwan (Chinese) (5.6 tons)
- Singapore (3.5 tons)
- Malaysia (2.6 tons)
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This report provides an in-depth analysis of the vitamin market in Australia.
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This report provides an in-depth analysis of the global vitamin market.
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This report provides an in-depth analysis of the vitamin market in Australia.
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This report provides an in-depth analysis of the global vitamin market.
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In November 2022, the vitamin price stood at $2,605 per ton (FOB, Australia), declining by -91.2% against the previous month.
257
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.
389
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.
1461
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...
864
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...
263
In November 2022, the vitamin price stood at $2,605 per ton (FOB, Australia), declining by -91.2% against the previous month.
257
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.
389
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.
1461
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...
864
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...
