Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam - 2022
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam (CIF) - 2022
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam (FOB) - 2022
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam (CIF) - 2022
The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $28,166 per ton in 2022, increasing by 3.4% against the previous year. In general, the import price enjoyed modest growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 88% against the previous year. The import price peaked at $55,792 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($28,166 per ton), while the price for Germany amounted to $28,166 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $26,386 per ton, dropping by -30.1% against the previous year. Over the period under review, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2016 an increase of 85% against the previous year. The export price peaked at $51,227 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Myanmar ($26,429 per ton) and Indonesia ($26,393 per ton), while the average price for exports to Lao People's Democratic Republic ($26,363 per ton) and Cambodia ($26,384 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+47.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam
After three years of growth, purchases abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -4.9% to 241 tons in 2022. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 10% against the previous year. As a result, imports reached the peak of 254 tons, and then declined slightly in the following year.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds reduced modestly to $6.8M in 2022. In general, imports showed a mild setback. The most prominent rate of growth was recorded in 2020 when imports increased by 5.9%. As a result, imports reached the peak of $7.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | 6.3 | 6.3 | 6.2 | -2.1% |
| Germany | 0.4 | 1.1 | 0.5 | 0.5 | 7.7% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 7.0 | 7.4 | 6.9 | 6.8 | -1.0% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to Vietnam in 2022:
- China (220.8 tons)
- Germany (18.6 tons)
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam
In 2022, shipments abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -61.9% to 4.3 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 290% against the previous year.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds reduced notably to $113K in 2022. Overall, exports, however, showed pronounced growth. The pace of growth was the most pronounced in 2020 when exports increased by 240%.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 39.7 | 107 | 48.0 | 76.8 | 24.6% |
| Indonesia | 38.8 | 52.8 | 26.8 | 27.0 | -11.4% |
| Lao People's Democratic Republic | 1.4 | N/A | 7.3 | 5.6 | 58.7% |
| Myanmar | N/A | 9.4 | 2.4 | 3.7 | -37.3% |
| Thailand | N/A | 26.8 | 55.7 | N/A | 107.8% |
| Belgium | N/A | N/A | 210 | N/A | 0% |
| United Arab Emirates | N/A | 38.5 | N/A | N/A | 0% |
| Singapore | N/A | 77.6 | N/A | N/A | 0% |
| Australia | N/A | N/A | 73.9 | N/A | 0% |
| Others | 25.2 | 45.3 | N/A | N/A | 79.8% |
| Total | 105 | 357 | 424 | 113 | 2.5% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from Vietnam in 2022:
- Cambodia (2.9 tons)
- Indonesia (1.0 tons)
- Lao People's Democratic Republic (0.2 tons)
- Myanmar (0.1 tons)
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This report provides an in-depth analysis of the vitamin market in Vietnam.
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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 Vietnam.
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This report provides an in-depth analysis of the global vitamin market.
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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.
428
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.
1518
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...
901
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...
318
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.
428
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.
1518
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...
901
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...
