Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Russia - 2022

Contents:

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

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

In 2022, the average import price for vitamins; vitamin c and its derivatives, unmixeds amounted to $4,645 per ton, dropping by -14% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 72%. As a result, import price attained the peak level of $8,388 per ton. From 2018 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 United States ($10,837 per ton), while the price for China ($4,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vitamins; vitamin c and its derivatives, unmixeds stood at $6,915 per ton in 2022, with an increase of 12% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 52%. The export price peaked at $9,709 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Kyrgyzstan ($8,113 per ton), while the average price for exports to Azerbaijan ($5,165 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 Estonia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Russia

In 2022, approx. 4.3K tons of vitamins; vitamin c and its derivatives, unmixeds were imported into Russia; almost unchanged from 2021. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 +64.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds contracted to $20M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 107% against the previous year. As a result, imports reached the peak of $23M, and then fell in the following year.

Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.17.815.613.329.7%
Netherlands0.10.20.31.3135.1%
United StatesN/AN/A0.11.0900.0%
Germany0.50.92.00.711.9%
Belgium0.3N/A0.20.2-12.6%
Others1.82.24.73.423.6%
Total8.911.122.919.930.8%

Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to Russia in 2022:

  1. China (3153.2 tons)
  2. Netherlands (247.3 tons)
  3. Germany (154.0 tons)
  4. United States (95.3 tons)
  5. Belgium (39.0 tons)

Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Russia

In 2022, shipments abroad of vitamins; vitamin c and its derivatives, unmixeds decreased by -20.1% to 71 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 64%. As a result, the exports attained the peak of 89 tons, and then declined sharply in the following year.

In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds shrank to $491K in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 58%. As a result, the exports reached the peak of $551K, and then fell in the following year.

Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan15817839339735.9%
Kyrgyzstan0.625.05.939.7304.5%
Armenia14.034.864.936.737.9%
NetherlandsN/AN/A47.3N/A0%
Belarus22.673.9N/AN/A227.0%
Others34.035.939.818.1-19.0%
Total23034755149128.8%

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

  1. Kazakhstan (58.2 tons)
  2. Armenia (6.3 tons)
  3. Kyrgyzstan (4.9 tons)
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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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