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

Contents:

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

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

The average import price for vitamins; vitamin c and its derivatives, unmixeds stood at $5,621 per ton in 2022, shrinking by -15.7% against the previous year. Over the period under review, the import price showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 54%. Over the period under review, average import prices hit record highs at $7,842 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Singapore ($15,315 per ton), while the price for Germany ($5,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for vitamins; vitamin c and its derivatives, unmixeds stood at $1,000 per ton in 2022, which is down by -88.9% against the previous year. In general, the export price recorded a precipitous shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices attained the peak figure at $12,000 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 Maldives.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.1% per year.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of vitamins; vitamin c and its derivatives, unmixeds, when their volume decreased by -13.7% to 346 tons. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. As a result, imports attained the peak of 402 tons, and then dropped in the following year.

In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds dropped remarkably to $1.9M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 133% against the previous year. As a result, imports reached the peak of $2.7M, and then declined markedly in the following year.

Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6808122,1851,53031.0%
Malaysia1.80.80.9205384.7%
India56.787.513198.820.3%
Germany91.548.613.4N/A-61.7%
Others283203349114-26.1%
Total1,1131,1522,6791,94820.5%

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

  1. China (303.9 tons)
  2. Malaysia (27.6 tons)
  3. India (8.8 tons)

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

In 2022, exports of vitamins; vitamin c and its derivatives, unmixeds from Sri Lanka shrank markedly to 1 kg, declining by -99.9% on the previous year. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 0.2% against the previous year.

In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds reduced sharply to $1 in 2022. Over the period under review, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 9.1% against the previous year.

Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/A3.4N/A0%
Slovenia1.68.88.1N/A125.0%
India22.74.73.2N/A-62.5%
MaldivesN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total24.413.514.7N/A-22.4%

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

  1. Maldives (1.0 kg)
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