Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea - 2022
Contents:
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea (CIF) - 2022
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea (FOB) - 2022
- Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea
- Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $47,264 per ton, growing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The import price peaked at $52,521 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($52,248 per ton), while the price for China totaled $39,204 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $36,042 per ton, falling by -12.8% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vitamins; vitamin B6 and its derivatives, unmixeds increased by +19.8% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 52%. The export price peaked at $44,422 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($114,000 per ton), while the average price for exports to Thailand ($20,879 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea
In 2022, supplies from abroad of vitamins; vitamin B6 and its derivatives, unmixeds decreased by -1.2% to 213 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of 218 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds surged to $10M in 2022. The total import value increased at an average annual rate of +14.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 4.2 | 4.4 | 5.7 | 14.5% |
| Germany | 2.2 | 2.9 | 2.6 | 3.2 | 13.3% |
| Others | 0.8 | 0.8 | 1.3 | 1.1 | 11.2% |
| Total | 6.7 | 7.9 | 8.3 | 10.1 | 14.7% |
Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to South Korea in 2022:
- China (146.4 tons)
- Germany (61.8 tons)
Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea
In 2022, exports of vitamins; vitamin b6 and its derivatives, unmixeds from South Korea surged to 283 kg, increasing by 405% on 2021. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of vitamins; vitamin B6 and its derivatives, unmixeds soared to $10K in 2022. Over the period under review, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 3.9 | 0.7 | 2.1 | 6.3 | 17.3% |
| Thailand | 0.3 | N/A | N/A | 2.9 | 113.0% |
| Singapore | 0.1 | N/A | N/A | 0.7 | 91.3% |
| Indonesia | 1.1 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.3 | 0.2 | 0.2 | -30.7% |
| Total | 6.0 | 0.9 | 2.3 | 10.2 | 19.3% |
Top Export Markets for Vitamins; Vitamin B6 and Its Derivatives, Unmixed from South Korea in 2022:
- Thailand (141.0 kg)
- Uzbekistan (114.0 kg)
- Singapore (24.0 kg)
592
This report provides an in-depth analysis of the vitamin market in Republic of Korea.
2830
This report provides an in-depth analysis of the global vitamin market.
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This report provides an in-depth analysis of the vitamin market in Republic of Korea.
2830
This report provides an in-depth analysis of the global vitamin market.
317
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
428
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.
1518
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
901
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
317
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
428
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.
1518
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
901
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
