Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Iran - 2022

Contents:

  1. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Iran (CIF) - 2022
  2. Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Iran

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

The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $21,918 per ton in 2022, with a decrease of -35.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 63%. Over the period under review, average import prices attained the peak figure at $52,652 per ton in 2019; however, from 2020 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 India ($110,547 per ton), while the price for Germany ($14,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, supplies from abroad of vitamins; vitamin B2 and its derivatives, unmixeds decreased by -24.9% to 69 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 27%. As a result, imports reached the peak of 94 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds shrank significantly to $1.5M in 2022. Overall, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 6.8% against the previous year. As a result, imports attained the peak of $4.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands47.5117N/A25976.0%
FranceN/AN/A406196-51.7%
India4581,228575182-26.5%
Germany554389476129-38.5%
China1,2651,08628970.7-61.8%
BelgiumN/AN/A9.447.5405.3%
Italy153N/A15.325.8-44.8%
Others1,4111,3301,362605-24.6%
Total3,8884,1513,1321,514-27.0%

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

  1. Netherlands (13.3 tons)
  2. France (9.7 tons)
  3. Germany (8.9 tons)
  4. China (2.5 tons)
  5. Belgium (2.4 tons)
  6. India (1.6 tons)
  7. Italy (1.4 tons)

Source: IndexBox Market Intelligence Platform

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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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