Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR - 2023
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR (FOB) - 2022
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR (CIF) - 2022
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $1,396,211 per ton, approximately reflecting the previous year. Over the period under review, the export price, however, showed moderate growth. The growth pace was the most rapid in 2021 an increase of 265%. Over the period under review, the average export prices hit record highs at $2,877,500 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($2,034,800 per ton), while the average price for exports to El Salvador ($859,750 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 Peru (+2,394.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $3,159,250 per ton, growing by 3.9% against the previous year. Over the period under review, the import price showed a strong increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 236%. The import price peaked at $4,054,250 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +4.4% per year.
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR
In 2022, overseas shipments of vitamins; vitamin B12 and its derivatives, unmixeds decreased by -11.8% to 90 kg, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 25,600% against the previous year. As a result, the exports attained the peak of 257 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds reduced to $126K in 2022. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 28,594% against the previous year.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | 3.7 | 61.9 | 1573.0% |
| Indonesia | 0.3 | 15.0 | 63.3 | 40.7 | 413.8% |
| El Salvador | N/A | 11.6 | N/A | 10.3 | -5.8% |
| Netherlands | N/A | 2.2 | N/A | 7.0 | 78.4% |
| Venezuela | N/A | N/A | 7.2 | 3.6 | -50.0% |
| Ecuador | N/A | 12.6 | N/A | N/A | 0% |
| Peru | N/A | 30.2 | 9.0 | N/A | -70.2% |
| Jordan | N/A | 2.4 | N/A | N/A | 0% |
| Guatemala | N/A | 9.3 | N/A | N/A | 0% |
| United States | N/A | 3.2 | 3.5 | N/A | 9.4% |
| India | N/A | N/A | 53.0 | N/A | 0% |
| Brazil | N/A | 3.1 | N/A | N/A | 0% |
| Others | N/A | 9.2 | 3.4 | 2.2 | -51.1% |
| Total | 0.3 | 98.7 | 143 | 126 | 648.9% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Hong Kong SAR in 2022:
- Canada (49.0 kg)
- Indonesia (20.0 kg)
- El Salvador (12.0 kg)
- Netherlands (4.0 kg)
- Venezuela (4.0 kg)
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR
After three years of growth, purchases abroad of vitamins; vitamin B12 and its derivatives, unmixeds decreased by -14.3% to 24 kg in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 460%. As a result, imports reached the peak of 28 kg, and then declined in the following year.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds declined to $76K in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 484%. As a result, imports reached the peak of $85K, and then contracted in the following year.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 14.6 | 85.1 | 75.8 | 162.3% |
| Netherlands | 10.0 | N/A | N/A | N/A | 0% |
| United States | 2.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.2 | 14.6 | 85.1 | 75.8 | 67.3% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Hong Kong SAR in 2022:
- China (24.0 kg)
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This report provides an in-depth analysis of the vitamin market in Hong Kong SAR, 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 Hong Kong SAR, China.
2813
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.
414
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...
883
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...
291
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.
414
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.
1495
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...
883
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...
