Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea - 2022
Contents:
- Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea (CIF) - 2022
- Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea (FOB) - 2022
- Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea
- Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea
Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea (CIF) - 2022
In 2022, the average import price for vitamins; vitamin e and its derivatives, unmixeds amounted to $16,599 per ton, increasing by 21% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2020 an increase of 28% against the previous year. Over the period under review, average import prices reached the peak figure at $21,591 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 United States ($60,305 per ton), while the price for China ($12,727 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the prices for the other major suppliers experienced a decline.
Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea (FOB) - 2022
In 2022, the average export price for vitamins; vitamin e and its derivatives, unmixeds amounted to $21,301 per ton, jumping by 63% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $26,948 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($36,269 per ton), while the average price for exports to Singapore ($5,714 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 Vietnam (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea
In 2022, imports of vitamins; vitamin e and its derivatives, unmixeds into South Korea declined to 2.7K tons, waning by -8% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a mild expansion. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, imports attained the peak of 2.9K tons, and then reduced in the following year.
In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds rose sharply to $45M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 29%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.9 | 11.6 | 18.7 | 21.9 | 35.0% |
| Switzerland | 7.0 | 8.9 | 7.3 | 8.4 | 6.3% |
| United States | 2.4 | 3.2 | 5.0 | 4.8 | 26.0% |
| Germany | 2.3 | 1.8 | 2.0 | 2.8 | 6.8% |
| France | 1.6 | 3.1 | 2.8 | 2.7 | 19.1% |
| Others | 3.2 | 2.7 | 4.6 | 4.3 | 10.4% |
| Total | 25.3 | 31.3 | 40.4 | 44.9 | 21.1% |
Top Suppliers of Vitamins; Vitamin E and Its Derivatives, Unmixed to South Korea in 2022:
- China (1720.2 tons)
- Switzerland (563.2 tons)
- Germany (182.1 tons)
- United States (79.1 tons)
- France (67.3 tons)
Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea
In 2022, overseas shipments of vitamins; vitamin e and its derivatives, unmixeds decreased by -47.6% to 63 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 141% against the previous year. As a result, the exports reached the peak of 120 tons, and then shrank sharply in the following year.
In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds declined to $1.3M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. As a result, the exports attained the peak of $1.6M, and then contracted in the following year.
| Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 730 | 723 | 861 | 1,062 | 13.3% |
| China | 87.4 | 125 | 181 | 98.0 | 3.9% |
| Japan | 1.0 | 1.2 | 89.0 | 78.3 | 327.8% |
| Vietnam | 54.6 | 19.8 | 37.6 | 76.8 | 12.0% |
| Thailand | 0.8 | 0.5 | 50.9 | 2.8 | 51.8% |
| Singapore | N/A | N/A | 328 | 1.0 | -99.7% |
| Belgium | N/A | 36.0 | N/A | N/A | 0% |
| Others | 14.1 | 116 | 16.6 | 17.9 | 8.3% |
| Total | 888 | 1,021 | 1,565 | 1,337 | 14.6% |
Top Export Markets for Vitamins; Vitamin E and Its Derivatives, Unmixed from South Korea in 2022:
- United States (53.4 tons)
- Vietnam (3.3 tons)
- China (2.8 tons)
- Japan (2.2 tons)
- Thailand (0.3 tons)
- Singapore (0.2 tons)
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This report provides an in-depth analysis of the vitamin market in Republic of Korea.
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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.
2792
This report provides an in-depth analysis of the global vitamin market.
278
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.
404
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.
1482
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...
873
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...
278
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.
404
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.
1482
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...
873
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...
