Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines - 2023
Contents:
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines (CIF) - 2023
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines (FOB) - 2022
- Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines
- Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines (CIF) - 2023
The average import price for vitamins; vitamin c and its derivatives, unmixeds stood at $5,583 per ton in December 2023, growing by 67% against the previous month. Over the period under review, import price indicated a modest increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for vitamins; vitamin c and its derivatives, unmixeds increased by +66.8% against November 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was France ($9,445 per ton), while the price for China totaled $4,807 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%).
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines (FOB) - 2022
In 2022, the average export price for vitamins; vitamin c and its derivatives, unmixeds amounted to $5,843 per ton, falling by -55.5% against the previous year. Overall, the export price continues to indicate a dramatic slump. The most prominent rate of growth was recorded in 2017 an increase of 2,061% against the previous year. The export price peaked at $105,988 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($20,942 per ton), while the average price for exports to Sierra Leone ($4,819 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 Nigeria (+84.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines
In 2022, overseas purchases of vitamins; vitamin c and its derivatives, unmixeds decreased by -27.1% to 3.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 94%. As a result, imports attained the peak of 5.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds declined markedly to $19M in 2022. In general, imports, however, saw temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of 89% against the previous year. As a result, imports attained the peak of $31M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.0 | 19.6 | 20.0 | 14.9 | 14.2% |
| United Kingdom | 2.0 | 9.1 | 7.7 | 2.8 | 11.9% |
| Others | 4.6 | 2.7 | 2.5 | 1.3 | -34.4% |
| Total | 16.6 | 31.4 | 30.3 | 19.0 | 4.6% |
Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to the Philippines in 2022:
- China (3.0K tons)
- United Kingdom (0.2K tons)
Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines
After two years of decline, shipments abroad of vitamins; vitamin c and its derivatives, unmixeds increased by 1,103% to 19 tons in 2022. Overall, exports, however, recorded a sharp contraction.
In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds surged to $113K in 2022. In general, exports, however, faced a precipitous slump.
| Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 0.1 | 81.3 | 81200.0% |
| Sierra Leone | N/A | N/A | N/A | 17.3 | 0% |
| Hong Kong SAR | 1.9 | N/A | N/A | 12.0 | 84.8% |
| Nigeria | 15.1 | 8.9 | N/A | N/A | -41.1% |
| Malaysia | 197 | 39.7 | N/A | N/A | -79.8% |
| Indonesia | N/A | 4.0 | N/A | N/A | 0% |
| United Arab Emirates | 3.2 | 50.7 | N/A | N/A | 1484.4% |
| Singapore | 2.6 | 150 | 15.4 | N/A | 143.4% |
| Others | N/A | 1.3 | 5.5 | 2.2 | 30.1% |
| Total | 220 | 254 | 21.1 | 113 | -19.9% |
Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from the Philippines in 2022:
- United States (15.1 tons)
- Sierra Leone (3.6 tons)
- Hong Kong SAR (0.6 tons)
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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.
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This report provides an in-depth analysis of the global vitamin market.
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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.
366
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.
1433
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...
851
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...
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.
366
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.
1433
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...
851
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...
