Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Serbia - 2024

Contents:

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

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

In 2022, the average import price for vitamins; vitamins a and their derivatives, unmixeds amounted to $54,501 per ton, waning by -22.9% against the previous year. Overall, the import price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the peak figure at $72,560 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Switzerland ($59,897 per ton), while the price for Germany ($38,938 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vitamins; vitamins a and their derivatives, unmixeds amounted to $56,559 per ton, which is down by -40.2% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 95%. As a result, the export price reached the peak level of $128,095 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($69,350 per ton), while the average price for exports to Bosnia and Herzegovina ($52,246 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 Croatia (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of vitamins; vitamins a and their derivatives, unmixeds into Serbia rose remarkably to 18 tons in 2022, growing by 11% compared with the previous year. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14% 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; vitamins a and their derivatives, unmixeds fell to $971K in 2022. In general, imports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 19%. As a result, imports attained the peak of $1.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Vitamins; Vitamins A and Their Derivatives, Unmixed in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland9291,053806739-7.3%
China7.7115244115146.3%
Germany73.727.243.289.66.7%
France27.031.824.720.6-8.6%
IndiaN/A2.3N/AN/A0%
Others26.133.718.07.1-35.2%
Total1,0631,2621,137971-3.0%

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

  1. Switzerland (12.3 tons)
  2. China (2.7 tons)
  3. Germany (2.3 tons)
  4. France (0.3 tons)

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

In 2022, shipments abroad of vitamins; vitamins a and their derivatives, unmixeds was finally on the rise to reach 653 kg after two years of decline. In general, exports, however, showed a dramatic curtailment.

In value terms, exports of vitamins; vitamins a and their derivatives, unmixeds contracted slightly to $37K in 2022. Overall, exports, however, faced a sharp slump.

Export of Vitamins; Vitamins A and Their Derivatives, Unmixed in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina43.649.029.218.9-24.3%
North Macedonia21.010.27.416.6-7.5%
AlbaniaN/AN/AN/A1.40%
Croatia45.126.4N/AN/A-41.5%
Slovenia138N/AN/AN/A0%
RomaniaN/A23.3N/AN/A0%
OthersN/A0.11.8N/A1700.0%
Total24710938.536.9-46.9%

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

  1. Bosnia and Herzegovina (362.0 kg)
  2. North Macedonia (270.0 kg)
  3. Albania (20.0 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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