Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR - 2023
Contents:
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR (FOB) - 2022
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR (CIF) - 2022
- Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR
- Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR (FOB) - 2022
The average export price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $68,844 per ton in 2022, with an increase of 38% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 122% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($269,672 per ton), while the average price for exports to Israel ($30,303 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 Netherlands (+83.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $118,760 per ton, increasing by 136% against the previous year. Overall, the import price posted resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 China ($229,100 per ton), while the price for the Netherlands amounted to $91,175 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of vitamins; vitamin B2 and its derivatives, unmixeds, when their volume decreased by -82.3% to 499 kg. Over the period under review, exports saw a significant decline. The growth pace was the most rapid in 2020 with an increase of 76% against the previous year.
In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds fell sharply to $34K in 2022. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 149%. As a result, the exports attained the peak of $141K, and then dropped markedly in the following year.
| Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | N/A | N/A | N/A | 17.3 | 0% |
| Brazil | N/A | N/A | N/A | 9.4 | 0% |
| Israel | N/A | N/A | N/A | 7.0 | 0% |
| Austria | N/A | 6.6 | 29.7 | N/A | 350.0% |
| India | 37.5 | N/A | N/A | N/A | 0% |
| South Africa | N/A | N/A | 24.2 | N/A | 0% |
| Singapore | 3.2 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 51.9 | N/A | 0% |
| Others | 1.3 | 50.1 | 35.4 | 0.7 | -18.6% |
| Total | 42.1 | 56.7 | 141 | 34.4 | -6.5% |
Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from Hong Kong SAR in 2022:
- Israel (231.0 kg)
- Brazil (200.0 kg)
- Tanzania (64.0 kg)
Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR
In 2022, the amount of vitamins; vitamin B2 and its derivatives, unmixeds imported into Hong Kong SAR fell dramatically to 50 kg, shrinking by -96.9% compared with 2021. Over the period under review, imports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 269% against the previous year. As a result, imports attained the peak of 1.6 tons, and then dropped significantly in the following year.
In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds declined rapidly to $5.9K in 2022. In general, imports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 226% against the previous year. As a result, imports reached the peak of $80K, and then fell sharply in the following year.
| Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 3.6 | 0% |
| China | 53.9 | 0.1 | 14.0 | 2.3 | -65.1% |
| South Korea | N/A | N/A | 5.4 | N/A | 0% |
| United States | N/A | N/A | 52.5 | N/A | 0% |
| Canada | 10.0 | 4.1 | 4.1 | N/A | -36.0% |
| Others | 0.5 | 20.4 | 4.4 | N/A | 196.6% |
| Total | 64.4 | 24.6 | 80.2 | 5.9 | -54.9% |
Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Hong Kong SAR in 2022:
- Netherlands (40.0 kg)
- China (10.0 kg)
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This report provides an in-depth analysis of the vitamin market in Hong Kong SAR, China.
2748
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 Hong Kong SAR, China.
2748
This report provides an in-depth analysis of the global vitamin market.
238
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.
372
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.
1441
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...
856
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...
238
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.
372
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.
1441
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...
856
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...
