Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece - 2023

Contents:

  1. Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece (CIF) - 2022
  2. Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece (FOB) - 2022
  3. Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece
  4. Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece

Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $35,589 per ton, which is down by -14.2% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vitamins; vitamin B1 and its derivatives, unmixeds decreased by -36.7% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the maximum at $56,258 per ton in 2018; however, from 2019 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 Germany ($51,549 per ton), while the price for France ($18,704 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece (FOB) - 2022

In 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $11,345 per ton, approximately equating the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 74% against the previous year. As a result, the export price reached the peak level of $62,495 per ton. From 2017 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 Hungary.

From 2013 to 2022, the rate of growth in terms of prices for Cyprus amounted to +25.1% per year.

Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece

In 2022, after three years of growth, there was significant decline in overseas purchases of vitamins; vitamin B1 and its derivatives, unmixeds, when their volume decreased by -20.3% to 24 tons. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of 30 tons, and then reduced remarkably in the following year.

In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds plummeted to $848K in 2022. In general, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of $1.2M, and then fell dramatically in the following year.

Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands821762892422-19.9%
France23.620.612015386.5%
China13.740.10.9130111.7%
Germany52.653.621512934.9%
BelgiumN/A11.19.013.510.3%
Others2.48.71.90.1-65.3%
Total9138961,239848-2.4%

Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to Greece in 2022:

  1. Netherlands (9.0 tons)
  2. France (8.2 tons)
  3. China (3.6 tons)
  4. Germany (2.5 tons)
  5. Belgium (0.5 tons)

Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece

In 2022, exports of vitamins; vitamin B1 and its derivatives, unmixeds from Greece surged to 29 kg, increasing by 480% compared with 2021 figures. Overall, exports, however, saw a sharp contraction.

In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds surged to $329 in 2022. In general, exports, however, faced a sharp decline.

Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Greece (USD)
COUNTRY2019202020212022CAGR,
2019-2022
HungaryN/AN/AN/A3290%
Bulgaria2,346N/AN/AN/A0%
RomaniaN/AN/A57.0N/A0%
OthersN/AN/AN/AN/A0%
Total2,346N/A57.0329-48.0%

Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from Greece in 2022:

  1. Hungary (29.0 kg)
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