Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh - 2022

Contents:

  1. Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh (CIF) - 2022
  2. Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh (FOB) - 2022
  3. Imports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh
  4. Exports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh

Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh (CIF) - 2022

The average import price for vitamins; vitamins a and their derivatives, unmixeds stood at $57,622 per ton in 2022, declining by -22.5% against the previous year. Overall, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 58% against the previous year. Over the period under review, average import prices attained the peak figure at $78,562 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($196,192 per ton), while the price for Germany ($42,226 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh (FOB) - 2022

The average export price for vitamins; vitamins a and their derivatives, unmixeds stood at $66,339 per ton in 2022, growing by 4.7% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 78%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($67,777 per ton), while the average price for exports to Denmark stood at $65,660 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+38.0%).

Imports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh

In 2022, approx. 191 tons of vitamins; vitamins a and their derivatives, unmixeds were imported into Bangladesh; with an increase of 82% compared with 2021. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamins a and their derivatives, unmixeds skyrocketed to $11M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +72.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore4.02.41.93.1-8.1%
United Kingdom1.21.21.92.731.0%
Malaysia0.60.61.01.432.6%
China1.51.21.61.3-4.7%
Denmark0.50.50.70.921.6%
NetherlandsN/A0.10.10.7164.6%
Germany0.30.20.30.30.0%
Others0.30.20.30.518.6%
Total8.46.47.811.09.4%

Top Suppliers of Vitamins; Vitamins A and Their Derivatives, Unmixed to Bangladesh in 2022:

  1. Singapore (56.1 tons)
  2. United Kingdom (46.5 tons)
  3. China (28.6 tons)
  4. Malaysia (24.4 tons)
  5. Netherlands (14.6 tons)
  6. Germany (6.9 tons)
  7. Denmark (4.6 tons)

Exports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh

In 2022, after two years of growth, there was significant decline in shipments abroad of vitamins; vitamins a and their derivatives, unmixeds, when their volume decreased by -41.7% to 1 tons. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 209%. As a result, the exports reached the peak of 1.8 tons, and then contracted dramatically in the following year.

In value terms, exports of vitamins; vitamins a and their derivatives, unmixeds declined significantly to $70K in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 450%. As a result, the exports reached the peak of $114K, and then declined dramatically in the following year.

Export of Vitamins; Vitamins A and Their Derivatives, Unmixed in Bangladesh (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
DenmarkN/AN/A46.80%
Nepal20.762.822.84.9%
MalaysiaN/A51.1N/A0%
OthersN/AN/AN/A0%
Total20.711469.583.2%

Top Export Markets for Vitamins; Vitamins A and Their Derivatives, Unmixed from Bangladesh in 2022:

  1. Denmark (712.0 kg)
  2. Nepal (336.0 kg)
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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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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...

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