Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary - 2023
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary (FOB) - 2023
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary (CIF) - 2022
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary (FOB) - 2023
The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $364K per ton in October 2023, declining by -5.4% against the previous month. Overall, the export price, however, recorded a modest increase. The most prominent rate of growth was recorded in April 2023 an increase of 18% against the previous month. Over the period under review, the average export prices hit record highs at $394K per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Romania.
From November 2022 to October 2023, the rate of growth in terms of prices for Romania amounted to +1.0% per month.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $9,840 per ton, reducing by -9.3% against the previous year. Overall, the import price, however, posted moderate growth. The growth pace was the most rapid in 2018 when the average import price increased by 44%. Over the period under review, average import prices reached the peak figure at $10,851 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($53,805 per ton), while the price for Belgium ($2,102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary
In 2022, shipments abroad of vitamins; vitamin B12 and its derivatives, unmixeds decreased by -38.4% to 11 tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 336,625%. As a result, the exports reached the peak of 67 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds surged to $3.4M in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 111,702% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | 0.4 | 2.9 | 3.4 | 191.5% |
| Serbia | N/A | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 0.5 | 2.9 | 3.4 | 160.8% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Hungary in 2022:
- Romania (10.3 tons)
- Serbia (0.2 tons)
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary
Imports of vitamins; vitamin B12 and its derivatives, unmixeds into Hungary shrank slightly to 31 tons in 2022, reducing by -4.9% compared with the previous year's figure. In general, imports saw a abrupt contraction.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds contracted to $301K in 2022. Overall, imports faced a deep contraction.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 390 | 263 | 183 | 165 | -24.9% |
| Germany | 58.3 | 63.7 | 45.6 | 60.3 | 1.1% |
| Belgium | 56.0 | 40.1 | 39.8 | 33.5 | -15.7% |
| France | 44.4 | 12.4 | 52.7 | 30.4 | -11.9% |
| Others | 12.3 | 34.1 | 28.7 | 11.8 | -1.4% |
| Total | 561 | 413 | 350 | 301 | -18.7% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Hungary in 2022:
- Belgium (15.9 tons)
- Netherlands (12.2 tons)
- Germany (1.7 tons)
- France (0.6 tons)
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This report provides an in-depth analysis of the vitamin market in Hungary.
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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 Hungary.
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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.
406
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.
1484
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.
406
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.
1484
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...
