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

Contents:

  1. Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Venezuela (CIF) - 2022
  2. Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Venezuela

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

In 2022, the average import price for vitamins; vitamin e and its derivatives, unmixeds amounted to $10,967 per ton, surging by 8.3% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. The import price peaked at $25,973 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($33,903 per ton), while the price for France ($8,866 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

After two years of decline, purchases abroad of vitamins; vitamin e and its derivatives, unmixeds increased by 113% to 323 tons in 2022. Overall, imports recorded buoyant growth. 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 $3.5M in 2022. Over the period under review, imports enjoyed a significant increase. 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 Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1782167352,304134.8%
Colombia17519327554546.0%
United States11420.67.923126.5%
France246454258151-15.0%
Netherlands4106.1N/AN/A-98.5%
Others673481258313-22.5%
Total1,7961,3701,5353,54425.4%

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

  1. China (228.3 tons)
  2. Colombia (47.6 tons)
  3. France (17.0 tons)
  4. United States (6.8 tons)

Source: IndexBox Market Intelligence Platform

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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.

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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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