Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in the Dominican Republic - 2023

Contents:

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

Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in the Dominican Republic (CIF) - 2022

In 2022, the average import price for vitamins; vitamin e and its derivatives, unmixeds amounted to $12,930 per ton, surging by 23% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. Over the period under review, average import prices attained the peak figure at $19,018 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 the United States ($34,495 per ton), while the price for Germany ($10,618 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in the Dominican Republic (FOB) - 2022

In 2022, the average export price for vitamins; vitamin e and its derivatives, unmixeds amounted to $27,200 per ton, increasing by 50% against the previous year. Overall, the export price posted a prominent increase. The growth pace was the most rapid in 2019 an increase of 71% against the previous year. As a result, the export price reached the peak level of $37,909 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2016 to 2022, the rate of growth in terms of prices for Haiti amounted to -4.7% per year.

Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in the Dominican Republic

In 2022, imports of vitamins; vitamin e and its derivatives, unmixeds into the Dominican Republic expanded markedly to 148 tons, growing by 11% on the previous year. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds soared to $1.9M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany15243132073869.3%
Switzerland91.983.752963990.9%
China13410725025523.9%
United States65.610274.816536.0%
Belgium56.765.926.635.8-14.2%
Guatemala45.267.8N/AN/A50.0%
France307322176N/A-24.3%
Others66.188.826.783.07.9%
Total9181,2691,4031,91527.8%

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

  1. Germany (69.5 tons)
  2. Switzerland (51.1 tons)
  3. China (20.4 tons)
  4. United States (4.8 tons)
  5. Belgium (1.3 tons)

Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in the Dominican Republic

In 2022, shipments abroad of vitamins; vitamin e and its derivatives, unmixeds decreased by -94.1% to 15 kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,436%. As a result, the exports attained the peak of 389 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds dropped notably to $408 in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 1,595% against the previous year. As a result, the exports reached the peak of $7.1K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Haiti0.40.40.20.40.0%
GuatemalaN/A6.74.4N/A-34.3%
OthersN/AN/AN/AN/A0%
Total0.47.14.60.40.0%

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

  1. Haiti (15.0 kg)

Source: IndexBox Market Intelligence Platform

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