Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India - 2023
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India (FOB) - 2022
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India (CIF) - 2023
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $86,845 per ton, picking up by 9.6% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% 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 B1 and its derivatives, unmixeds decreased by -2.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $89,130 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($135,758 per ton), while the average price for exports to Nepal ($13,503 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 Thailand (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India (CIF) - 2023
The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $20,263 per ton in November 2023, growing by 29% against the previous month. Overall, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in June 2023 an increase of 36% against the previous month. As a result, import price attained the peak level of $24,993 per ton. From July 2023 to November 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was China ($20,182 per ton), while the price for Singapore stood at $18,376 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.5%).
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India
Exports of vitamins; vitamin B1 and its derivatives, unmixeds from India surged to 360 tons in 2022, jumping by 20% against the previous year. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds surged to $31M in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 57%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 2.2 | 2.7 | 7.7 | 9.1 | 60.5% |
| United States | 1.4 | 1.0 | 1.9 | 8.2 | 80.3% |
| Austria | 3.8 | 3.5 | 4.3 | 5.0 | 9.6% |
| South Korea | 3.8 | 5.1 | 6.5 | 4.5 | 5.8% |
| Thailand | 0.9 | 0.8 | 0.7 | 0.9 | 0.0% |
| Pakistan | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Iran | 1.1 | 0.4 | 0.2 | 0.3 | -35.2% |
| Bangladesh | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Nepal | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 1.6 | 1.5 | 1.9 | 2.5 | 16.0% |
| Total | 15.2 | 15.1 | 23.8 | 31.2 | 27.1% |
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from India in 2022:
- Egypt (128.6 tons)
- United States (64.4 tons)
- Austria (52.9 tons)
- South Korea (46.3 tons)
- Pakistan (11.4 tons)
- Nepal (9.1 tons)
- Thailand (7.7 tons)
- Bangladesh (4.6 tons)
- Iran (2.2 tons)
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India
In 2022, approx. 843 tons of vitamins; vitamin B1 and its derivatives, unmixeds were imported into India; increasing by 4.7% compared with the year before. The total import volume increased at an average annual rate of +9.9% 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 with an increase of 33% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds fell markedly to $20M in 2022. In general, imports, however, continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by 42%. As a result, imports reached the peak of $24M, and then contracted rapidly in the following year.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.0 | 12.1 | 16.5 | 17.7 | 10.8% |
| Singapore | 6.8 | 3.2 | 7.1 | 1.8 | -35.8% |
| Hong Kong SAR | 1.1 | 0.5 | N/A | N/A | -54.5% |
| Netherlands | 0.3 | 1.2 | 0.4 | N/A | 15.5% |
| Others | 1.2 | 0.1 | 0.2 | 0.5 | -25.3% |
| Total | 22.4 | 17.0 | 24.1 | 20.1 | -3.5% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to India in 2022:
- China (755.8 tons)
- Singapore (77.1 tons)
- Netherlands (2.0 tons)
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This report provides an in-depth analysis of the vitamin market in India.
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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 India.
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This report provides an in-depth analysis of the global vitamin market.
254
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.
386
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.
1458
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...
864
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...
254
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.
386
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.
1458
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...
864
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...
