Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Estonia - 2023

Contents:

  1. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Estonia (CIF) - 2022
  2. Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Estonia

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Estonia (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $55,497 per ton, which is down by -16.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 93%. The import price peaked at $81,565 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($91,698 per ton), while the price for the Netherlands stood at $53,871 per ton.

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

Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Estonia

In 2022, purchases abroad of vitamins; vitamin B2 and its derivatives, unmixeds decreased by -9% to 1 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.5% 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 with an increase of 34%. As a result, imports reached the peak of 1.3 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds declined sharply to $58K in 2022. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 104% against the previous year. As a result, imports attained the peak of $86K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/A61.665.653.9-6.5%
Germany1.03.03.53.957.4%
China41.22.2N/AN/A-94.7%
FinlandN/A18.02.0N/A-88.9%
OthersN/A1.35.50.1-72.3%
Total42.286.276.557.911.1%

Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Estonia in 2022:

  1. Netherlands (1000.0 kg)
  2. Germany (43.0 kg)

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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