Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia - 2022

Contents:

  1. Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia (CIF) - 2022
  2. Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia (FOB) - 2022
  3. Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia
  4. Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia

Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $21,791 per ton, growing by 6.2% against the previous year. Overall, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 39%. Over the period under review, average import prices reached the peak figure at $39,754 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($24,636 per ton) and Germany ($23,096 per ton), while the price for Spain ($17,236 per ton) and France ($19,483 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%), while the prices for the other major suppliers experienced a decline.

Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia (FOB) - 2022

The average export price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $23,079 per ton in 2022, growing by 49% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $53,333 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($34,240 per ton), while the average price for exports to Azerbaijan ($8,471 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 Armenia (+65.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia

In 2022, overseas purchases of vitamins; vitamin B6 and its derivatives, unmixeds decreased by -4.8% to 275 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +41.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of 289 tons, and then dropped slightly in the following year.

In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds totaled $6M in 2022. The total import value increased at an average annual rate of +7.6% 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 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9571,4351,2382,50037.7%
Netherlands13419045182483.2%
Germany770434834567-9.7%
Belgium444237123138-32.3%
SpainN/AN/A309120-61.2%
Poland3.5N/A35.683.2187.5%
France22935222055.2-37.8%
Others2,2672,1002,7131,702-9.1%
Total4,8054,7495,9245,9907.6%

Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to Russia in 2022:

  1. China (123.1 tons)
  2. Netherlands (33.4 tons)
  3. Germany (24.6 tons)
  4. Belgium (7.0 tons)
  5. Spain (7.0 tons)
  6. Poland (3.8 tons)
  7. France (2.8 tons)

Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia

After three years of growth, overseas shipments of vitamins; vitamin B6 and its derivatives, unmixeds decreased by -73.7% to 932 kg in 2022. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 51%.

In value terms, exports of vitamins; vitamin B6 and its derivatives, unmixeds declined dramatically to $22K in 2022. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. As a result, the exports attained the peak of $94K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan12.714.612.416.69.3%
ArmeniaN/A1.340.52.641.4%
AzerbaijanN/AN/A2.11.9-9.5%
Belarus36.277.8N/AN/A114.9%
OthersN/A0.5N/A0.4-10.6%
Total48.994.355.021.5-24.0%

Top Export Markets for Vitamins; Vitamin B6 and Its Derivatives, Unmixed from Russia in 2022:

  1. Kazakhstan (626.0 kg)
  2. Azerbaijan (227.0 kg)
  3. Armenia (75.0 kg)

Source: IndexBox Market Intelligence Platform

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