Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile - 2024

Contents:

  1. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile (CIF) - 2022
  2. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile (FOB) - 2022
  3. Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile
  4. Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $16,325 per ton, reducing by -7% against the previous year. Overall, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $37,895 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($16,636 per ton) and China ($16,434 per ton), while the price for Denmark ($13,725 per ton) and France ($14,942 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+42.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile (FOB) - 2022

The average export price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $61,274 per ton in 2022, dropping by -5.7% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 64%. Over the period under review, the average export prices attained the peak figure at $65,371 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +14.0% per year.

Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile

In 2022, imports of vitamins; vitamin B2 and its derivatives, unmixeds into Chile skyrocketed to 100 tons, with an increase of 47% compared with 2021. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds surged to $1.6M in 2022. In general, imports continue to indicate a relatively flat trend pattern.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6035001676120.5%
South Korea32079364545912.8%
Germany426157103374-4.2%
DenmarkN/AN/A33.454.964.4%
South Africa0.20.20.332.2444.0%
France14010399.922.6-45.6%
Argentina18.520.019.5N/A2.7%
United Kingdom17.150.847.2N/A66.1%
Others67.880.470.171.31.7%
Total1,5911,7041,1851,6260.7%

Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Chile in 2022:

  1. China (37.2 tons)
  2. South Korea (29.0 tons)
  3. Germany (24.5 tons)
  4. Denmark (4.0 tons)
  5. South Africa (1.9 tons)
  6. France (1.5 tons)

Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile

For the fourth consecutive year, Chile recorded growth in shipments abroad of vitamins; vitamin B2 and its derivatives, unmixeds, which increased by 9.4% to 350 kg in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 94%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds stood at $21K in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 106%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina4.89.914.921.464.6%
Peru0.92.03.3N/A91.5%
Bolivia0.81.62.3N/A69.6%
Others0.20.20.3N/A22.5%
Total6.713.720.821.447.3%

Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from Chile in 2022:

  1. Argentina (350.0 kg)

Source: IndexBox Market Intelligence Platform

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