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

Contents:

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

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

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $30,282 per ton, with an increase of 83% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 85% against the previous year. The import price peaked at $52,003 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 country with the highest price was Switzerland ($30,299 per ton), while the price for France stood at $30,279 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+81.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Imports of vitamins; vitamin B2 and its derivatives, unmixeds into Oman dropped rapidly to 1.1 tons in 2022, which is down by -22.8% compared with the year before. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 132%. As a result, imports attained the peak of 1.4 tons, and then shrank dramatically in the following year.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds surged to $33K in 2022. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 104%.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France31.11.02.729.0-2.3%
SwitzerlandN/AN/AN/A3.50%
Jordan4.31.5N/AN/A-65.1%
United Kingdom9.41.83.4N/A-39.9%
Netherlands1.40.20.3N/A-53.7%
Saudi Arabia1.62.97.1N/A110.7%
TurkeyN/A2.0N/AN/A0%
Others5.11.99.6N/A37.2%
Total52.911.323.032.6-14.9%

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

  1. France (959.0 kg)
  2. Switzerland (117.0 kg)

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. 

Which Country Imports the Most Provitamins and Vitamins in the World?
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