Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore - 2023
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore (CIF) - 2022
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore (FOB) - 2022
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $42,571 per ton, with an increase of 2.1% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2015 an increase of 36%. Over the period under review, average import prices hit record highs at $94,343 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($437,868 per ton), while the price for Thailand ($4,456 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+38.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore (FOB) - 2022
The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $41,634 per ton in 2022, growing by 22% against the previous year. Over the period under review, the export price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum at $106,827 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($180,631 per ton), while the average price for exports to Australia ($23,977 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 the Philippines (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore
In 2022, imports of vitamins; vitamin B12 and its derivatives, unmixeds into Singapore shrank dramatically to 42 tons, with a decrease of -31.8% against the year before. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 61 tons, and then reduced rapidly in the following year.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds reduced remarkably to $1.8M in 2022. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 3.6%.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,493 | 939 | 1,401 | 532 | -29.1% |
| China | 683 | 546 | 652 | 439 | -13.7% |
| Germany | 0.2 | 1.5 | 99.1 | 380 | 1138.6% |
| United States | 25.6 | 288 | 42.0 | 91.6 | 53.0% |
| Malaysia | 6.3 | 11.8 | 3.7 | 55.2 | 106.2% |
| Netherlands | 43.9 | 82.2 | 33.4 | 50.7 | 4.9% |
| United Kingdom | N/A | N/A | 3.4 | 33.4 | 882.4% |
| Thailand | N/A | N/A | N/A | 8.7 | 0% |
| Others | 515 | 597 | 320 | 187 | -28.7% |
| Total | 2,766 | 2,465 | 2,555 | 1,779 | -13.7% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Singapore in 2022:
- Switzerland (13.6 tons)
- China (11.2 tons)
- Germany (7.5 tons)
- Netherlands (3.9 tons)
- Thailand (1.9 tons)
- United Kingdom (1.2 tons)
- Malaysia (1.1 tons)
- United States (0.9 tons)
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore
In 2022, approx. 27 tons of vitamins; vitamin B12 and its derivatives, unmixeds were exported from Singapore; declining by -41.8% against the previous year's figure. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, the exports reached the peak of 47 tons, and then contracted remarkably in the following year.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds fell dramatically to $1.1M in 2022. Over the period under review, exports faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 9.2% against the previous year.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 274 | 330 | 188 | 232 | -5.4% |
| Hong Kong SAR | 196 | 201 | 163 | 228 | 5.2% |
| Philippines | 275 | 59.3 | 49.9 | 111 | -26.1% |
| Malaysia | 42.7 | 152 | 179 | 104 | 34.5% |
| Thailand | 213 | 75.7 | 51.4 | 92.1 | -24.4% |
| Bangladesh | 189 | 27.1 | 139 | 86.7 | -22.9% |
| New Zealand | 40.9 | 62.0 | 41.1 | 58.8 | 12.9% |
| India | 350 | 99.7 | 538 | 32.4 | -54.8% |
| Australia | 64.3 | 66.0 | 72.8 | 14.8 | -38.7% |
| Others | 452 | 399 | 185 | 179 | -26.6% |
| Total | 2,098 | 1,472 | 1,607 | 1,139 | -18.4% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Singapore in 2022:
- Hong Kong SAR (8.7 tons)
- Indonesia (8.0 tons)
- Malaysia (2.1 tons)
- New Zealand (1.7 tons)
- Bangladesh (1.5 tons)
- Philippines (1.3 tons)
- Thailand (1.0 tons)
- India (0.9 tons)
- Australia (0.6 tons)
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This report provides an in-depth analysis of the vitamin market in Singapore.
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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 Singapore.
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This report provides an in-depth analysis of the global vitamin market.
290
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...
290
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...
