Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Ecuador - 2022

Contents:

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

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

In 2022, the average import price for vitamins; vitamin e and its derivatives, unmixeds amounted to $10,460 per ton, picking up by 24% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37% against the previous year. The import price peaked at $13,685 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($11,637 per ton) and China ($10,849 per ton), while the price for France ($9,281 per ton) and the United States ($9,888 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vitamins; vitamin e and its derivatives, unmixeds stood at $11,049 per ton in 2022, declining by -11.3% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 a decrease of -1.8% against the previous year. The export price peaked at $19,708 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($13,410 per ton), while the average price for exports to Peru stood at $11,012 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Ecuador

For the fourth year in a row, Ecuador recorded growth in purchases abroad of vitamins; vitamin e and its derivatives, unmixeds, which increased by 12% to 504 tons in 2022. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds soared to $5.3M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2676701,0371,74086.8%
Switzerland9009604731,42316.5%
United States41.71627571,004188.8%
Colombia19818722170552.7%
Germany29221545.0233-7.2%
France43725025755.8-49.6%
Netherlands13.5137308N/A377.6%
Others581420681109-42.8%
Total2,7303,0013,7805,26924.5%

Top Suppliers of Vitamins; Vitamin E and Its Derivatives, Unmixed to Ecuador in 2022:

  1. China (160.4 tons)
  2. Switzerland (142.1 tons)
  3. United States (101.5 tons)
  4. Colombia (66.1 tons)
  5. Germany (20.0 tons)
  6. France (6.0 tons)

Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Ecuador

In 2022, exports of vitamins; vitamin e and its derivatives, unmixeds from Ecuador declined to 5.7 tons, waning by -7.4% compared with the previous year. Overall, exports recorded a deep slump. The smallest decline of -5.1% was in 2020.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds dropped significantly to $63K in 2022. In general, exports continue to indicate a deep setback. The smallest decline of -9.4% was in 2021.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PeruN/AN/AN/A61.70%
Costa RicaN/AN/AN/A1.30%
Colombia93.584.71.5N/A-87.3%
United StatesN/AN/A75.2N/A0%
OthersN/AN/AN/AN/A0%
Total93.584.776.763.0-12.3%

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

  1. Peru (5.6 tons)
  2. Costa Rica (0.1 tons)

Source: IndexBox Market Intelligence Platform

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