Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK - 2024
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK (CIF) - 2022
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK (FOB) - 2022
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK (CIF) - 2022
The average import price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $17,056 per ton in 2022, surging by 23% against the previous year. Over the period under review, the import price recorded a strong increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 108% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
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 China ($37,787 per ton), while the price for Denmark ($1,960 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $29,139 per ton, picking up by 20% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vitamins; vitamin B12 and its derivatives, unmixeds increased by +30.5% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($281,430 per ton), while the average price for exports to Tanzania ($4,913 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 Switzerland (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK
For the third consecutive year, the UK recorded decline in overseas purchases of vitamins; vitamin B12 and its derivatives, unmixeds, which decreased by -7% to 206 tons in 2022. Over the period under review, imports recorded a dramatic decrease.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds expanded significantly to $3.5M in 2022. Overall, imports continue to indicate a drastic downturn.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,254 | 2,028 | 1,611 | 2,148 | 19.6% |
| Germany | 114 | 33.4 | 25.9 | 379 | 49.2% |
| Switzerland | N/A | N/A | 145 | 254 | 75.2% |
| United States | 549 | 80.4 | 125 | 205 | -28.0% |
| Denmark | 231 | 326 | 182 | 192 | -6.0% |
| India | N/A | 28.8 | N/A | 128 | 110.8% |
| Greece | 0.1 | N/A | N/A | 51.2 | 700.0% |
| Italy | 212 | 135 | 149 | 17.6 | -56.4% |
| Netherlands | 1,231 | 1,149 | 663 | 6.3 | -82.8% |
| Belgium | 894 | 278 | 4.2 | 6.0 | -81.1% |
| Others | 136 | 186 | 156 | 128 | -2.0% |
| Total | 4,620 | 4,245 | 3,062 | 3,514 | -8.7% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to the UK in 2022:
- Denmark (97.8 tons)
- China (56.8 tons)
- Germany (10.8 tons)
- Switzerland (10.2 tons)
- Greece (9.2 tons)
- United States (8.2 tons)
- India (3.5 tons)
- Italy (3.1 tons)
- Belgium (2.3 tons)
- Netherlands (0.6 tons)
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK
In 2022, approx. 53 tons of vitamins; vitamin B12 and its derivatives, unmixeds were exported from the UK; waning by -23.1% against 2021. Over the period under review, exports saw a dramatic descent. The smallest decline of -11.6% was in 2021.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds dropped to $1.5M in 2022. In general, exports continue to indicate a deep reduction.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 28.0 | 23.2 | 114 | 328 | 127.1% |
| Netherlands | 287 | 51.5 | 136 | 240 | -5.8% |
| Germany | 225 | 417 | 249 | 229 | 0.6% |
| Switzerland | 1.5 | 31.4 | 28.2 | 224 | 430.5% |
| Ireland | 118 | 71.9 | 171 | 100 | -5.4% |
| Poland | 218 | 138 | 93.7 | 60.1 | -34.9% |
| Finland | 230 | 104 | 36.1 | 60.0 | -36.1% |
| Turkey | 166 | N/A | 10.4 | 50.2 | -32.9% |
| Tanzania | N/A | N/A | N/A | 47.7 | 0% |
| United States | 29.3 | 10.9 | 390 | 11.2 | -27.4% |
| Slovakia | 136 | 159 | 24.2 | 2.3 | -74.3% |
| Macao SAR | 90.6 | 107 | N/A | N/A | 18.1% |
| Israel | 725 | 397 | N/A | N/A | -45.2% |
| Others | 401 | 582 | 425 | 195 | -21.4% |
| Total | 2,657 | 2,093 | 1,676 | 1,548 | -16.5% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from the UK in 2022:
- Ireland (13.3 tons)
- Tanzania (9.7 tons)
- France (4.2 tons)
- Germany (2.9 tons)
- Netherlands (2.0 tons)
- Poland (0.9 tons)
- United States (0.8 tons)
- Switzerland (0.8 tons)
- Finland (0.7 tons)
- Turkey (0.5 tons)
- Slovakia (0.1 tons)
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This report provides an in-depth analysis of the vitamin market in the UK.
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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 the UK.
2746
This report provides an in-depth analysis of the global vitamin market.
237
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.
370
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.
1438
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...
856
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...
237
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.
370
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.
1438
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...
856
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...
