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

Contents:

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

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

In 2022, the average import price for vitamins; vitamin e and its derivatives, unmixeds amounted to $10,827 per ton, surging by 8.8% against the previous year. Overall, the import price, however, recorded a deep slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $18,331 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 France ($29,311 per ton), while the price for Germany ($9,004 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for vitamins; vitamin e and its derivatives, unmixeds amounted to $11,675 per ton, growing by 12% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $18,741 per ton in 2012; however, from 2013 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 South Korea ($24,067 per ton), while the average price for exports to Sri Lanka ($10,096 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 Pakistan (-2.9%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of vitamins; vitamin e and its derivatives, unmixeds imported into Singapore soared to 6K tons, picking up by 21% compared with the previous year. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 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 skyrocketed to $65M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +49.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany14.79.712.221.413.3%
China4.17.314.018.565.2%
Switzerland10.99.910.513.47.1%
France5.37.17.36.88.7%
United States8.96.73.62.5-34.5%
Others2.22.41.42.0-3.1%
Total46.143.149.064.611.9%

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

  1. Germany (2378.5 tons)
  2. China (2041.5 tons)
  3. Switzerland (1147.0 tons)
  4. France (232.9 tons)
  5. United States (98.5 tons)

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

In 2022, overseas shipments of vitamins; vitamin e and its derivatives, unmixeds were finally on the rise to reach 5K tons after two years of decline. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds skyrocketed to $59M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand6.77.57.310.817.3%
Indonesia9.510.06.19.91.4%
India6.36.17.68.811.8%
Vietnam2.92.34.25.725.3%
Philippines1.81.93.14.030.5%
Malaysia3.13.93.63.43.1%
Bangladesh1.72.01.52.513.7%
Australia1.82.62.32.26.9%
China0.91.00.22.132.6%
South Korea0.61.21.12.151.8%
Sri Lanka0.80.90.91.933.4%
Pakistan1.21.41.61.712.3%
New Zealand1.30.80.91.79.4%
Others2.21.72.12.20.0%
Total41.043.442.358.912.8%

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

  1. Thailand (1031.2 tons)
  2. Indonesia (855.1 tons)
  3. India (832.3 tons)
  4. Vietnam (506.1 tons)
  5. Philippines (312.8 tons)
  6. Bangladesh (223.2 tons)
  7. Malaysia (211.4 tons)
  8. China (195.9 tons)
  9. Sri Lanka (190.3 tons)
  10. Australia (156.2 tons)
  11. Pakistan (155.5 tons)
  12. New Zealand (131.1 tons)
  13. South Korea (87.8 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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Free Data: Vitamins; vitamin E and its derivatives, unmixed - Singapore