Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland - 2023

Contents:

  1. Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland (CIF) - 2022
  2. Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland (FOB) - 2022
  3. Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland
  4. Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland (CIF) - 2022

The average import price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $14,243 per ton in 2022, with an increase of 29% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 59%. As a result, import price attained the peak level of $15,871 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($41,950 per ton), while the price for Germany ($6,180 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland (FOB) - 2022

The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $29,814 per ton in 2022, increasing by 8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 296% against the previous year. As a result, the export price reached the peak level of $123,309 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($124,388 per ton), while the average price for exports to Germany ($22,879 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 Austria (+166.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland

In 2022, the amount of vitamins; vitamin B12 and its derivatives, unmixeds imported into Poland was estimated at 206 tons, growing by 5.6% against the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, imports reached the peak of 214 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds surged to $2.9M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands8461,1331,4261,57122.9%
China675464397668-0.3%
Germany5531,005200462-5.8%
BelgiumN/A28.620.474.461.3%
Others646171107162-36.9%
Total2,7202,8012,1502,9372.6%

Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Poland in 2022:

  1. Netherlands (105.4 tons)
  2. Germany (74.7 tons)
  3. China (15.9 tons)
  4. Belgium (6.2 tons)

Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland

In 2022, the amount of vitamins; vitamin B12 and its derivatives, unmixeds exported from Poland skyrocketed to 20 tons, jumping by 387% on the previous year. In general, exports showed a notable expansion.

In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds skyrocketed to $596K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Poland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany96.420640.936956.4%
Czech Republic0.10.26.558.2734.9%
Italy0.10.12.532.7588.9%
Spain0.23.713.515.5326.4%
Austria4.93.20.610.026.8%
FranceN/A13.90.18.0-24.1%
Russia46.61.80.6N/A-88.7%
Others98.810248.31031.4%
Total24733211359634.1%

Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Poland in 2022:

  1. Germany (16.1 tons)
  2. Czech Republic (1.3 tons)
  3. Italy (0.8 tons)
  4. Spain (0.4 tons)
  5. France (0.2 tons)
  6. Austria (0.1 tons)
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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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