Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia - 2022

Contents:

  1. Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia (CIF) - 2022
  2. Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia (FOB) - 2022
  3. Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia
  4. Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia

Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $20,632 per ton, which is down by -6.9% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 48% against the previous year. Over the period under review, average import prices reached the peak figure at $40,984 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($47,784 per ton), while the price for China amounted to $19,590 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced a decline.

Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia (FOB) - 2022

In 2022, the average export price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $27,770 per ton, with an increase of 25% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2016 when the average export price increased by 130% against the previous year. The export price peaked at $57,185 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($35,384 per ton), while the average price for exports to Guatemala ($18,693 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 Peru (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia

Imports of vitamins; vitamin B6 and its derivatives, unmixeds into Colombia surged to 116 tons in 2022, jumping by 46% on the previous year's figure. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds surged to $2.4M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,6151,5161,4242,21111.0%
Germany189222156146-8.2%
Others15110818243.4-34.0%
Total1,9551,8451,7622,4007.1%

Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to Colombia in 2022:

  1. China (112.9 tons)
  2. Germany (3.1 tons)

Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia

Exports of vitamins; vitamin B6 and its derivatives, unmixeds from Colombia skyrocketed to 3.4 tons in 2022, jumping by 185% on 2021. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vitamins; vitamin B6 and its derivatives, unmixeds soared to $95K in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Venezuela5.22.025.939.095.7%
Ecuador7.53.9N/A35.467.7%
PeruN/A0.2N/A17.9846.0%
GuatemalaN/A0.9N/A2.876.4%
NetherlandsN/A12.8N/AN/A0%
OthersN/AN/A0.7N/A0%
Total12.719.726.695.195.6%

Top Export Markets for Vitamins; Vitamin B6 and Its Derivatives, Unmixed from Colombia in 2022:

  1. Venezuela (1675.0 kg)
  2. Ecuador (1000.0 kg)
  3. Peru (600.0 kg)
  4. Guatemala (150.0 kg)

Source: IndexBox Market Intelligence Platform

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