Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Greece - 2023

Contents:

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

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

The average import price for vitamins; vitamin e and its derivatives, unmixeds stood at $10,776 per ton in 2022, growing by 11% against the previous year. In general, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 37% against the previous year. Over the period under review, average import prices attained the peak figure at $15,173 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the UK ($54,000 per ton), while the price for the Netherlands ($8,996 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 (+14.0%), while the prices for the other major suppliers experienced a decline.

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

The average export price for vitamins; vitamin e and its derivatives, unmixeds stood at $15,757 per ton in 2022, which is down by -11.2% against the previous year. Overall, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 74% against the previous year. The export price peaked at $31,690 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($29,000 per ton), while the average price for exports to Albania ($12,710 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 Italy (+66.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 337 tons of vitamins; vitamin e and its derivatives, unmixeds were imported into Greece; waning by -22.7% compared with the previous year's figure. Overall, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, imports reached the peak of 436 tons, and then reduced remarkably in the following year.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds dropped to $3.6M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of $4.2M, and then dropped in the following year.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1.31.82.01.67.2%
Germany0.80.91.31.420.5%
France0.20.30.50.535.7%
Others0.10.20.50.226.0%
Total2.33.14.23.616.1%

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

  1. Netherlands (172.3 tons)
  2. Germany (112.0 tons)
  3. France (49.2 tons)

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

For the fourth year in a row, Greece recorded growth in shipments abroad of vitamins; vitamin e and its derivatives, unmixeds, which increased by 2.3% to 11 tons in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 116%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds reduced to $166K in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 99% against the previous year. As a result, the exports attained the peak of $183K, and then fell in the following year.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland39.165.614811342.4%
SerbiaN/AN/A6.823.6247.1%
Bulgaria6.71.22.920.244.5%
Romania15.514.79.86.1-26.7%
Others1.210.415.33.948.1%
Total62.491.918316638.6%

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

  1. Poland (7.8 tons)
  2. Serbia (1.5 tons)
  3. Bulgaria (0.8 tons)
  4. Romania (0.3 tons)

Source: IndexBox Market Intelligence Platform

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