Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in the UK - 2023

Contents:

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

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

The average import price for vitamins; vitamins a and their derivatives, unmixeds stood at $77,351 per ton in 2022, declining by -14.1% against the previous year. Overall, the import price, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 90% against the previous year. Over the period under review, average import prices hit record highs at $97,893 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the United States ($185,743 per ton), while the price for China ($31,857 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 (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vitamins; vitamins a and their derivatives, unmixeds amounted to $76,437 per ton, rising by 7.4% against the previous year. In general, the export price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2014 an increase of 61% against the previous year. As a result, the export price reached the peak level of $128,121 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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 Germany ($135,890 per ton), while the average price for exports to Antigua and Barbuda ($3,424 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 Bonaire (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamins A and Their Derivatives, Unmixed in the UK

Imports of vitamins; vitamins a and their derivatives, unmixeds into the UK reduced rapidly to 181 tons in 2022, waning by -38% on the year before. In general, imports faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 22%. As a result, imports attained the peak of 292 tons, and then fell rapidly in the following year.

In value terms, imports of vitamins; vitamins a and their derivatives, unmixeds fell notably to $14M in 2022. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of $26M, and then plummeted in the following year.

Import of Vitamins; Vitamins A and Their Derivatives, Unmixed in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.99.97.34.87.2%
Switzerland2.43.26.03.715.5%
China0.61.01.52.151.8%
France0.60.61.31.226.0%
United States0.30.30.60.944.2%
Netherlands11.17.68.70.4-67.0%
Denmark1.60.50.30.4-37.0%
Others1.40.40.50.6-24.6%
Total21.723.526.314.0-13.6%

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

  1. China (66.1 tons)
  2. Germany (36.1 tons)
  3. Switzerland (26.4 tons)
  4. France (23.8 tons)
  5. Denmark (10.3 tons)
  6. Netherlands (7.2 tons)
  7. United States (5.1 tons)

Exports of Vitamins; Vitamins A and Their Derivatives, Unmixed in the UK

In 2022, after three years of growth, there was significant decline in overseas shipments of vitamins; vitamins a and their derivatives, unmixeds, when their volume decreased by -28.6% to 114 tons. Overall, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year.

In value terms, exports of vitamins; vitamins a and their derivatives, unmixeds fell notably to $8.7M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 30% against the previous year.

Export of Vitamins; Vitamins A and Their Derivatives, Unmixed in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2,9394,9394,4414,94218.9%
Switzerland2,0883,3703,4671,320-14.2%
Germany1,68622.4279429-36.6%
VietnamN/A12.7316372441.2%
Netherlands8.51.829.2154162.6%
Ghana46.817.596.615147.8%
United Arab Emirates18.40.52.597.474.3%
China28679.041793.5-31.1%
EgyptN/AN/A4.170.81626.8%
Bonaire31.918.740.530.8-1.2%
Antigua and BarbudaN/AN/AN/A14.80%
JordanN/AN/A291N/A0%
TurkeyN/A380N/AN/A0%
Others1,5662,4341,9711,032-13.0%
Total8,67111,27511,3578,7080.1%

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

  1. France (40.0 tons)
  2. Switzerland (21.4 tons)
  3. Vietnam (15.0 tons)
  4. Ghana (4.9 tons)
  5. Antigua and Barbuda (4.3 tons)
  6. Germany (3.2 tons)
  7. United Arab Emirates (2.7 tons)
  8. Netherlands (2.5 tons)
  9. Egypt (2.5 tons)
  10. Bonaire (1.8 tons)
  11. China (1.6 tons)
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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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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...

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