Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Azerbaijan - 2023
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Azerbaijan (CIF) - 2022
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Azerbaijan
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Azerbaijan (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $16,115 per ton, jumping by 45% against the previous year. Over the period under review, the import price continues to indicate measured growth. The import price peaked at $16,920 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bulgaria ($18,811 per ton) and Turkey ($16,534 per ton), while the price for Georgia ($13,529 per ton) and Uzbekistan ($13,784 per ton) were amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+40.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Azerbaijan
In 2022, overseas purchases of vitamins; vitamin B12 and its derivatives, unmixeds decreased by -4.1% to 746 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 837% against the previous year. As a result, imports reached the peak of 778 kg, and then shrank slightly in the following year.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds surged to $12K in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 1,251% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 0.1 | 2.9 | 6.4 | 700.0% |
| Uzbekistan | N/A | N/A | N/A | 3.9 | 0% |
| Bulgaria | 0.1 | 0.2 | 2.8 | 0.7 | 91.3% |
| Belarus | 0.1 | 0.1 | 1.4 | 0.3 | 44.2% |
| Georgia | 0.1 | 0.1 | 1.1 | 0.2 | 26.0% |
| Others | N/A | 0.1 | 0.4 | 0.5 | 123.6% |
| Total | 0.3 | 0.6 | 8.6 | 12.0 | 242.0% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Azerbaijan in 2022:
- Turkey (386.0 kg)
- Uzbekistan (282.0 kg)
- Bulgaria (37.0 kg)
- Belarus (21.0 kg)
- Georgia (17.0 kg)
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This report provides an in-depth analysis of the vitamin market in Azerbaijan.
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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 Azerbaijan.
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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.
404
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.
1483
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...
874
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...
278
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.
404
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.
1483
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...
874
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...
