Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in China - 2023
Contents:
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in China (FOB) - 2023
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in China (CIF) - 2022
- Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in China
- Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in China
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in China (FOB) - 2023
In December 2023, the average export price for vitamins; vitamin c and its derivatives, unmixeds amounted to $2,641 per ton, with an increase of 6.3% against the previous month. Over the period under review, the export price, however, recorded a pronounced decline. The export price peaked at $3,520 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was South Korea ($3,392 per ton), while the average price for exports to Vietnam ($1,932 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.4%), while the prices for the other major destinations experienced a decline.
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in China (CIF) - 2022
The average import price for vitamins; vitamin c and its derivatives, unmixeds stood at $96,197 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 79%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($169,915 per ton), while the price for Sweden ($12,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in China
In 2022, approx. 192K tons of vitamins; vitamin c and its derivatives, unmixeds were exported from China; almost unchanged from the year before. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 207K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds contracted to $802M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year.
| Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 123 | 241 | 185 | 152 | 7.3% |
| Germany | 52.4 | 48.9 | 87.6 | 78.1 | 14.2% |
| Japan | 63.2 | 43.3 | 58.1 | 65.5 | 1.2% |
| Netherlands | 52.2 | 48.8 | 73.2 | 61.4 | 5.6% |
| India | 8.0 | 36.7 | 22.9 | 34.0 | 62.0% |
| Brazil | 18.6 | 24.0 | 39.5 | 31.5 | 19.2% |
| South Korea | 15.0 | 18.2 | 24.4 | 25.7 | 19.7% |
| Indonesia | 14.5 | 24.1 | 42.8 | 24.4 | 18.9% |
| Australia | 11.0 | 15.9 | 15.8 | 16.5 | 14.5% |
| Vietnam | 9.3 | 11.7 | 18.2 | 15.4 | 18.3% |
| Turkey | 7.6 | 8.6 | 12.3 | 14.9 | 25.2% |
| Poland | 12.0 | 14.9 | 29.8 | 13.9 | 5.0% |
| Chile | 5.6 | 6.4 | 10.6 | 10.9 | 24.9% |
| Others | 173 | 212 | 295 | 257 | 14.1% |
| Total | 565 | 755 | 915 | 802 | 12.4% |
Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from China in 2022:
- United States (37.7K tons)
- Germany (21.5K tons)
- Japan (14.3K tons)
- Netherlands (13.4K tons)
- India (8.5K tons)
- Brazil (8.1K tons)
- Indonesia (5.4K tons)
- South Korea (5.4K tons)
- Vietnam (4.3K tons)
- Turkey (4.1K tons)
- Poland (3.6K tons)
- Australia (3.5K tons)
- Chile (3.5K tons)
Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in China
In 2022, approx. 77 tons of vitamins; vitamin c and its derivatives, unmixeds were imported into China; declining by -11.8% against the previous year. Over the period under review, imports showed a sharp slump. The smallest decline of -6.1% was in 2021.
In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds declined to $7.4M in 2022. In general, imports, however, recorded a modest increase. The growth pace was the most rapid in 2021 when imports increased by 52%. As a result, imports reached the peak of $8.3M, and then shrank in the following year.
| Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,847 | 2,049 | 4,796 | 5,312 | 42.2% |
| United Kingdom | 1,029 | 506 | 643 | 580 | -17.4% |
| South Korea | 377 | 622 | 793 | 470 | 7.6% |
| United States | 1,982 | 863 | 1,192 | 294 | -47.1% |
| Denmark | 102 | 82.4 | 112 | 248 | 34.5% |
| Germany | 382 | 765 | 312 | 183 | -21.8% |
| Sweden | N/A | N/A | N/A | 15.7 | 0% |
| New Zealand | 324 | 91.2 | 2.5 | 3.9 | -77.1% |
| Others | 1,148 | 484 | 443 | 293 | -36.6% |
| Total | 7,190 | 5,463 | 8,294 | 7,400 | 1.0% |
Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to China in 2022:
- Japan (31.3 tons)
- United Kingdom (23.5 tons)
- Denmark (8.3 tons)
- South Korea (4.4 tons)
- United States (2.6 tons)
- Germany (2.1 tons)
- Sweden (1.3 tons)
- New Zealand (0.1 tons)
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This report provides an in-depth analysis of the vitamin market in China.
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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 China.
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This report provides an in-depth analysis of the global vitamin market.
454
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
235
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.
369
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.
1435
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...
854
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...
454
In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month.
235
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.
369
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.
1435
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...
854
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...
