Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines - 2023
Contents:
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines (CIF) - 2022
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines (FOB) - 2022
- Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines
- Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $24,104 per ton, with an increase of 30% against the previous year. Over the period under review, the import price posted modest growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 58%. As a result, import price reached the peak level of $38,012 per ton. From 2019 to 2022, the average import prices remained at a 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 the Netherlands ($46,638 per ton), while the price for France ($22,186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines (FOB) - 2022
The average export price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $25,000 per ton in 2022, increasing by 105% against the previous year. Overall, the export price, however, showed a abrupt contraction. The export price peaked at $66,125 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +23.6% per year.
Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines
In 2022, purchases abroad of vitamins; vitamin B6 and its derivatives, unmixeds decreased by -17.4% to 108 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 8.3%. As a result, imports attained the peak of 207 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds reached $2.6M in 2022. Over the period under review, imports faced a abrupt slump.
| Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,776 | 1,413 | 1,570 | 2,153 | 6.6% |
| Germany | 89.4 | 75.7 | 31.4 | 173 | 24.6% |
| Netherlands | 58.8 | 59.1 | 18.8 | 164 | 40.8% |
| France | 103 | 75.1 | 88.3 | 78.8 | -8.5% |
| Singapore | 1,699 | 522 | 152 | 24.8 | -75.6% |
| Hong Kong SAR | 106 | 80.7 | 66.0 | N/A | -21.1% |
| Switzerland | 501 | 397 | 339 | N/A | -17.7% |
| Spain | 115 | 361 | 132 | N/A | 7.1% |
| Others | 58.5 | 93.9 | 22.4 | 4.6 | -57.2% |
| Total | 4,507 | 3,077 | 2,419 | 2,598 | -16.8% |
Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to the Philippines in 2022:
- China (95.8 tons)
- Germany (3.7 tons)
- Netherlands (3.5 tons)
- France (3.5 tons)
- Singapore (1.0 tons)
Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines
In 2022, exports of vitamins; vitamin B6 and its derivatives, unmixeds from the Philippines contracted significantly to 2 kg, which is down by -60% compared with the year before. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 150% against the previous year. As a result, the exports attained the peak of 5 kg, and then reduced remarkably in the following year.
In value terms, exports of vitamins; vitamin B6 and its derivatives, unmixeds declined remarkably to $50 in 2022. Overall, exports recorded a abrupt contraction. The smallest decline of -12.9% was in 2021.
| Export of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 83.0 | 70.0 | 1.0 | 50.0 | -15.5% |
| Vietnam | N/A | N/A | 58.0 | N/A | 0% |
| Belgium | N/A | N/A | 1.0 | N/A | 0% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 83.0 | 70.0 | 61.0 | 50.0 | -15.5% |
Top Export Markets for Vitamins; Vitamin B6 and Its Derivatives, Unmixed from the Philippines in 2022:
- Canada (2.0 kg)
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This report provides an in-depth analysis of the vitamin market in the Philippines.
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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 the Philippines.
2747
This report provides an in-depth analysis of the global vitamin market.
237
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.
371
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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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...
856
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...
237
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.
371
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.
1438
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...
856
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...
