Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain - 2023

Contents:

  1. Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain (CIF) - 2023
  2. Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain (FOB) - 2023
  3. Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain
  4. Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain

Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain (CIF) - 2023

The average import price for vitamins; vitamin e and its derivatives, unmixeds stood at $13,940 per ton in November 2023, increasing by 61% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 68% month-to-month. As a result, import price reached the peak level of $23,338 per ton. From May 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($51,258 per ton), while the price for Lithuania ($8,115 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain (FOB) - 2023

The average export price for vitamins; vitamin e and its derivatives, unmixeds stood at $25,602 per ton in November 2023, increasing by 35% against the previous month. Overall, the export price, however, showed a noticeable decrease. The export price peaked at $40,983 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Norway ($74,020 per ton), while the average price for exports to Morocco ($7,954 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain

After three years of growth, overseas purchases of vitamins; vitamin e and its derivatives, unmixeds decreased by -14.1% to 4.6K tons in 2022. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 22%.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds soared to $76M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China18.018.521.134.824.6%
Germany7.311.521.618.837.1%
Netherlands1.210.912.412.0115.4%
India1.72.11.73.223.5%
Argentina1.51.31.52.823.1%
France1.61.51.81.95.9%
Belgium1.11.61.71.920.0%
Others6.30.30.40.6-54.3%
Total38.747.762.376.025.2%

Top Suppliers of Vitamins; Vitamin E and Its Derivatives, Unmixed to Spain in 2022:

  1. Germany (1806.3 tons)
  2. China (1159.2 tons)
  3. Netherlands (1091.3 tons)
  4. Belgium (167.3 tons)
  5. France (166.2 tons)
  6. India (95.8 tons)
  7. Argentina (81.0 tons)

Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain

In 2022, overseas shipments of vitamins; vitamin e and its derivatives, unmixeds decreased by -1.5% to 1.3K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 48% against the previous year. As a result, the exports attained the peak of 1.3K tons; afterwards, it flattened through to 2022.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds skyrocketed to $44M in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 48%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.44.54.98.334.6%
United States2.83.75.37.035.7%
France1.92.83.75.744.2%
Norway0.61.41.53.071.0%
Italy1.22.52.92.426.0%
South Korea0.51.01.02.058.7%
Netherlands0.90.90.81.928.3%
Portugal0.81.61.91.626.0%
United Kingdom0.50.81.11.440.9%
BelgiumN/A0.10.90.8182.8%
Morocco0.30.40.40.626.0%
Turkey0.10.30.50.571.0%
Russia0.10.40.20.226.0%
Others3.44.36.19.138.8%
Total16.624.631.344.438.8%

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

  1. Italy (151.3 tons)
  2. Germany (142.4 tons)
  3. France (127.2 tons)
  4. Norway (126.9 tons)
  5. Portugal (125.4 tons)
  6. United States (123.0 tons)
  7. Morocco (46.5 tons)
  8. United Kingdom (39.8 tons)
  9. Netherlands (38.0 tons)
  10. South Korea (29.7 tons)
  11. Turkey (24.2 tons)
  12. Belgium (20.7 tons)
  13. Russia (18.0 tons)

Source: IndexBox Market Intelligence Platform

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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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Free Data: Vitamins; vitamin E and its derivatives, unmixed - Spain