Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Egypt - 2023

Contents:

  1. Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Egypt (CIF) - 2022
  2. Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Egypt

Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Egypt (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $24,134 per ton, growing by 12% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2013 an increase of 63% against the previous year. As a result, import price reached the peak level of $45,896 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($24,134 per ton), while the price for Switzerland ($24,131 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.8%), while the prices for the other major suppliers experienced a decline.

Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Egypt

In 2022, overseas purchases of vitamins; vitamin B6 and its derivatives, unmixeds were finally on the rise to reach 181 tons after two years of decline. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds surged to $4.4M in 2022. In general, imports, however, showed a deep contraction.

Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3,2451,8232,1313,8535.9%
Germany1,5971,399476447-34.6%
Switzerland10090.076.572.8-10.0%
Belgium50.8130122N/A55.0%
France70.659.982.9N/A8.4%
Others125171158N/A12.4%
Total5,1883,6733,0464,373-5.5%

Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to Egypt in 2022:

  1. China (159.7 tons)
  2. Germany (18.5 tons)
  3. Switzerland (3.0 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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