Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China - 2023
Contents:
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China (FOB) - 2023
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China (CIF) - 2022
- Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China
- Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China (FOB) - 2023
In December 2023, the average export price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $18,257 per ton, declining by -16.3% against the previous month. Overall, the export price saw a mild decline. The pace of growth appeared the most rapid in November 2023 an increase of 15% against the previous month. Over the period under review, the average export prices reached the maximum at $23,055 per ton in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($30,012 per ton), while the average price for exports to France ($15,713 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China (CIF) - 2022
The average import price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $70,981 per ton in 2022, with an increase of 54% against the previous year. Over the period under review, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 68%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($140,290 per ton), while the price for Switzerland ($19,270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China
In 2022, after three years of growth, there was significant decline in overseas shipments of vitamins; vitamin B6 and its derivatives, unmixeds, when their volume decreased by -6% to 7.4K tons. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year.
In value terms, exports of vitamins; vitamin B6 and its derivatives, unmixeds dropped slightly to $183M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of $190M, and then reduced in the following year.
| Export of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 48.7 | 37.8 | 46.0 | 49.2 | 0.3% |
| United States | 24.8 | 31.0 | 30.4 | 21.3 | -4.9% |
| Germany | 11.5 | 12.9 | 14.6 | 11.8 | 0.9% |
| India | 6.2 | 7.5 | 6.8 | 8.4 | 10.7% |
| Indonesia | 5.9 | 6.5 | 8.3 | 7.2 | 6.9% |
| Singapore | 8.7 | 11.6 | 9.3 | 7.1 | -6.5% |
| Thailand | 4.8 | 4.4 | 6.8 | 5.9 | 7.1% |
| Japan | 2.7 | 3.5 | 5.9 | 5.7 | 28.3% |
| Bangladesh | 5.4 | 3.6 | 4.8 | 5.2 | -1.3% |
| Turkey | 4.3 | 2.1 | 3.5 | 5.0 | 5.2% |
| Brazil | 4.1 | 3.9 | 5.2 | 4.5 | 3.2% |
| Egypt | 1.9 | 2.7 | 3.0 | 3.7 | 24.9% |
| Vietnam | 4.3 | 3.9 | 4.1 | 3.7 | -4.9% |
| Others | 37.1 | 37.2 | 40.9 | 44.0 | 5.9% |
| Total | 170 | 169 | 190 | 183 | 2.5% |
Top Export Markets for Vitamins; Vitamin B6 and Its Derivatives, Unmixed from China in 2022:
- Netherlands (1514.2 tons)
- United States (897.9 tons)
- Germany (561.7 tons)
- India (352.4 tons)
- Indonesia (329.7 tons)
- Thailand (275.1 tons)
- Singapore (240.5 tons)
- Bangladesh (237.5 tons)
- Brazil (228.9 tons)
- Japan (219.4 tons)
- Turkey (206.6 tons)
- Vietnam (196.8 tons)
- Egypt (163.8 tons)
Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China
In 2022, overseas purchases of vitamins; vitamin B6 and its derivatives, unmixeds decreased by -11% to 23 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 171%.
In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds skyrocketed to $1.6M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 116%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 258 | 603 | 916 | 1,432 | 77.1% |
| Japan | 30.4 | 21.7 | 170 | 164 | 75.4% |
| United States | 25.2 | 55.1 | 93.9 | 37.6 | 14.3% |
| Switzerland | 4.6 | N/A | 16.3 | 10.1 | 30.0% |
| Others | 2.0 | 12.0 | 3.3 | 4.5 | 31.0% |
| Total | 320 | 692 | 1,199 | 1,648 | 72.7% |
Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to China in 2022:
- Germany (20.6 tons)
- Japan (1.2 tons)
- United States (0.8 tons)
- Switzerland (0.5 tons)
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This report provides an in-depth analysis of the vitamin market in China.
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This report provides an in-depth analysis of the global vitamin market.
584
This report provides an in-depth analysis of the vitamin market in China.
2741
This report provides an in-depth analysis of the global vitamin market.
455
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
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...
455
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
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...
