Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Thailand - 2024

Contents:

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

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

In 2022, the average import price for vitamins; vitamin e and its derivatives, unmixeds amounted to $10,758 per ton, jumping by 20% against the previous year. In general, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39% against the previous year. The import price peaked at $15,681 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 ($39,094 per ton), while the price for France ($6,373 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-2.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for vitamins; vitamin e and its derivatives, unmixeds amounted to $11,176 per ton, growing by 13% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 109%. The export price peaked at $23,420 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($206,200 per ton), while the average price for exports to the Philippines ($10,249 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 (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of vitamins; vitamin e and its derivatives, unmixeds decreased by -13.1% to 3.8K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 31%.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds stood at $40M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.7% 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 +75.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8.112.621.219.834.7%
Germany4.94.15.97.314.2%
Switzerland5.65.94.76.55.1%
United States2.02.52.52.811.9%
Belgium1.82.42.92.613.0%
France0.11.40.4N/A100.0%
Others0.60.91.21.432.6%
Total23.029.738.740.420.7%

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

  1. China (2067.6 tons)
  2. Germany (720.3 tons)
  3. Switzerland (612.9 tons)
  4. Belgium (258.1 tons)
  5. United States (72.0 tons)
  6. France (5.0 tons)

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

For the third consecutive year, Thailand recorded decline in shipments abroad of vitamins; vitamin e and its derivatives, unmixeds, which decreased by -9.1% to 15 tons in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -8.8% was in 2020.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds rose slightly to $168K in 2022. In general, exports faced a significant decrease.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MyanmarN/A73.877.676.41.7%
PhilippinesN/AN/A1.148.74327.3%
Taiwan (Chinese)N/AN/AN/A41.30%
Vietnam37.025.01.01.0-70.0%
New Zealand3.583.3N/AN/A2280.0%
JapanN/A88.5N/AN/A0%
Belgium0.158.4N/AN/A58300.0%
India171N/AN/AN/A0%
Singapore223N/AN/AN/A0%
Australia130N/AN/AN/A0%
PakistanN/AN/A58.4N/A0%
Others12.7N/A24.90.2-74.9%
Total577329163168-33.7%

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

  1. Myanmar (6.6 tons)
  2. Philippines (4.8 tons)
  3. Taiwan (Chinese) (3.6 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Vitamins; vitamin E and its derivatives, unmixed - Thailand