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

Contents:

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

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

The average import price for vitamins; vitamins a and their derivatives, unmixeds stood at $51,255 per ton in 2022, declining by -29.5% against the previous year. Over the period under review, the import price, however, recorded measured growth. The pace of growth was the most pronounced in 2018 an increase of 88% against the previous year. The import price peaked at $72,700 per ton in 2021, and then contracted remarkably in the following year.

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 Spain ($293,333 per ton), while the price for the United States ($10,224 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+24.0%), 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 Dominican Republic (FOB) - 2022

In 2022, the average export price for vitamins; vitamins a and their derivatives, unmixeds amounted to $69,728 per ton, declining by -54.5% against the previous year. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in 2017 an increase of 106%. The export price peaked at $765,333 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Cuba ($215,939 per ton), while the average price for exports to the Netherlands ($2,333 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 (-1.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of vitamins; vitamins a and their derivatives, unmixeds increased by 50% to 32 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamins a and their derivatives, unmixeds rose remarkably to $1.7M in 2022. Over the period under review, imports, however, showed a abrupt descent.

Import of Vitamins; Vitamins A and Their Derivatives, Unmixed in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France532305484432-6.7%
China615672483428-11.4%
Germany16824528626416.3%
Mexico10389.213018020.5%
India67.21450.815331.6%
Switzerland223219111107-21.7%
United States1826.617.285.7-22.2%
Others83.511149.45.0-60.9%
Total1,9751,7931,5611,654-5.7%

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

  1. United States (8.4 tons)
  2. China (7.2 tons)
  3. France (6.2 tons)
  4. Germany (5.4 tons)
  5. India (2.2 tons)
  6. Switzerland (1.6 tons)
  7. Mexico (1.3 tons)

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

For the third consecutive year, the Dominican Republic recorded growth in overseas shipments of vitamins; vitamins a and their derivatives, unmixeds, which increased by 102% to 279 kg in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,500%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of vitamins; vitamins a and their derivatives, unmixeds contracted to $19K in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 821%. As a result, the exports attained the peak of $21K, and then fell in the following year.

Export of Vitamins; Vitamins A and Their Derivatives, Unmixed in the Dominican Republic (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Haiti0.25.710.9638.2%
CubaN/A15.47.1-53.9%
United StatesN/AN/A1.00%
NetherlandsN/AN/AN/A0%
Others2.0N/A0.4-55.3%
Total2.321.119.5191.2%

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

  1. Haiti (152.0 kg)
  2. United States (85.0 kg)
  3. Cuba (33.0 kg)
  4. Netherlands (6.0 kg)
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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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