Ecuador - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVitamin Price in Ecuador - 2022
Contents:
- Vitamin Price in Ecuador (CIF) - 2022
- Vitamin Price in Ecuador (FOB) - 2022
- Vitamin Imports in Ecuador
- Vitamin Exports in Ecuador
Vitamin Price in Ecuador (CIF) - 2022
The average vitamin import price stood at $9,075 per ton in 2022, with a decrease of -3.7% against the previous year. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $13,362 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($20,024 per ton), while the price for China ($5,396 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 (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Vitamin Price in Ecuador (FOB) - 2022
The average vitamin export price stood at $7,454 per ton in 2022, waning by -18.9% against the previous year. In general, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of 234% against the previous year. The export price peaked at $9,196 per ton in 2021, and then dropped markedly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($25,277 per ton), while the average price for exports to Venezuela ($3,054 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 the United States (+71.8%), while the prices for the other major destinations experienced more modest paces of growth.
Vitamin Imports in Ecuador
After three years of growth, overseas purchases of provitamins and vitamins decreased by less than 0.1% to 3K tons in 2022. The total import volume increased at an average annual rate of +8.4% over the period 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 2021 when imports increased by 18%. As a result, imports attained the peak of 3K tons, leveling off in the following year.
In value terms, vitamin imports contracted modestly to $27M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 8%. As a result, imports reached the peak of $28M, and then contracted in the following year.
| Import of Vitamin in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.4 | 11.2 | 10.4 | 10.1 | 2.4% |
| United States | 1.6 | 1.5 | 2.1 | 2.0 | 7.7% |
| France | 3.0 | 1.9 | 1.7 | 2.0 | -12.6% |
| Switzerland | 3.4 | 2.9 | 1.8 | 1.8 | -19.1% |
| Colombia | 1.7 | 1.5 | 1.8 | 1.5 | -4.1% |
| Germany | 1.9 | 1.3 | 0.9 | 0.9 | -22.0% |
| Netherlands | 0.2 | 0.5 | 0.7 | 0.8 | 58.7% |
| United Kingdom | 1.2 | 1.1 | 0.9 | 0.8 | -12.6% |
| Others | 3.4 | 4.3 | 8.0 | 7.4 | 29.6% |
| Total | 25.9 | 26.2 | 28.3 | 27.3 | 1.8% |
Top Suppliers of Vitamin to Ecuador in 2022:
- China (1870.1 tons)
- Colombia (229.6 tons)
- France (137.1 tons)
- Switzerland (131.2 tons)
- United States (99.0 tons)
- Netherlands (77.0 tons)
- Germany (58.8 tons)
- United Kingdom (49.9 tons)
Vitamin Exports in Ecuador
In 2022, exports of provitamins and vitamins from Ecuador rose markedly to 144 tons, increasing by 5.2% on the previous year. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, vitamin exports fell to $1.1M in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year.
| Export of Vitamin in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 118 | 213 | 439 | 297 | 36.0% |
| Venezuela | 177 | 164 | 245 | 257 | 13.2% |
| Costa Rica | 195 | 208 | 196 | 190 | -0.9% |
| Panama | 11.7 | 18.2 | 28.9 | 142 | 129.8% |
| Colombia | 29.2 | 49.0 | 105 | 48.6 | 18.5% |
| El Salvador | 0.2 | 16.3 | 7.5 | 33.3 | 450.1% |
| United States | 36.7 | 106 | 30.2 | 29.5 | -7.0% |
| Bolivia | 0.1 | 0.2 | 0.4 | 21.1 | 495.3% |
| Australia | N/A | 77.1 | N/A | N/A | 0% |
| Others | 28.0 | 38.8 | 209 | 58.1 | 27.5% |
| Total | 596 | 890 | 1,262 | 1,076 | 21.8% |
Top Export Markets for Vitamin from Ecuador in 2022:
- Venezuela (84.3 tons)
- Peru (17.6 tons)
- Costa Rica (14.3 tons)
- Panama (7.8 tons)
- Colombia (7.3 tons)
- Bolivia (5.3 tons)
- El Salvador (3.6 tons)
- United States (1.2 tons)
This report provides an in-depth analysis of the vitamin market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the vitamin market in Ecuador.
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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 Ecuador.
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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.
347
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.
1410
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...
832
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...
214
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.
347
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.
1410
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...
832
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...
