Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Sri Lanka - 2022

Contents:

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

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

The average import price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $83,456 per ton in 2022, with an increase of 21% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. The growth pace was the most rapid in 2013 when the average import price increased by 97%. As a result, import price reached the peak level of $203,082 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($85,004 per ton), while the price for India ($53,111 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2021, the average export price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $8,000 per ton, falling by -44.6% against the previous year. Overall, the export price continues to indicate a precipitous curtailment. The export price peaked at $14,438 per ton in 2020, and then dropped notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($12,000 per ton), while the average price for exports to Canada amounted to $5,333 per ton.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of vitamins; vitamin B12 and its derivatives, unmixeds imported into Sri Lanka shrank notably to 2.5 tons, with a decrease of -76.9% compared with the year before. Over the period under review, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 70%. As a result, imports reached the peak of 11 tons, and then dropped rapidly in the following year.

In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds fell notably to $206K in 2022. Overall, imports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 150%.

Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China582269714191-31.0%
Singapore58.84.10.55.6-54.3%
India10216.414.24.3-65.2%
Others5.04.85.24.4-4.2%
Total748294734206-34.9%

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

  1. China (2251.0 kg)
  2. India (81.0 kg)
  3. Singapore (81.0 kg)

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

In 2021, the amount of vitamins; vitamin B12 and its derivatives, unmixeds exported from Sri Lanka shrank sharply to 10 kg, declining by -37.5% compared with the year before. In general, exports faced a dramatic curtailment.

In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds reduced rapidly to $80 in 2021. Over the period under review, exports faced a sharp descent.

Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Sri Lanka (USD)
COUNTRY20202021CAGR,
2020-2021
FranceN/A48.00%
CanadaN/A32.00%
Oman131N/A0%
Seychelles100N/A0%
OthersN/AN/A0%
Total23180.0-65.4%

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

  1. Canada (6.0 kg)
  2. France (4.0 kg)
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