Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru - 2022

Contents:

  1. Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru (CIF) - 2022
  2. Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru (FOB) - 2022
  3. Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru
  4. Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $49,390 per ton, with a decrease of -34.2% against the previous year. In general, the import price saw a noticeable descent. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum at $77,169 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($742,818 per ton), while the price for France ($28,543 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru (FOB) - 2022

The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $45,209 per ton in 2022, with a decrease of -16.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 88%. The export price peaked at $65,609 per ton in 2014; however, from 2015 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 Venezuela ($241,000 per ton), while the average price for exports to Costa Rica ($1,000 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 Chile (+41.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru

In 2022, the amount of vitamins; vitamin B12 and its derivatives, unmixeds imported into Peru expanded to 15 tons, rising by 3% compared with the previous year's figure. Over the period under review, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.3% against the previous year.

In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds reduced dramatically to $760K in 2022. Overall, imports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. As a result, imports reached the peak of $1.1M, and then declined significantly in the following year.

Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China596382661279-22.4%
France1611681361814.0%
Germany175168216145-6.1%
Austria14.829.250.282.677.4%
Denmark1.51.714.821.4142.5%
Hong Kong SAR22.222.03.315.8-10.7%
Chile8.08.67.55.6-11.2%
Others76.035.731.529.8-26.8%
Total1,0548151,120760-10.3%

Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Peru in 2022:

  1. China (6.6 tons)
  2. France (6.3 tons)
  3. Denmark (0.5 tons)
  4. Austria (0.5 tons)
  5. Germany (0.5 tons)
  6. Hong Kong SAR (0.3 tons)
  7. Chile (0.2 tons)

Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru

In 2022, the amount of vitamins; vitamin B12 and its derivatives, unmixeds exported from Peru totaled 1.3 tons, growing by 14% against the year before. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds reduced to $59K in 2022. In general, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 135% against the previous year. As a result, the exports attained the peak of $63K, and then declined modestly in the following year.

Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile25.83.10.134.710.4%
Free Zones21.24.454.523.43.3%
Costa RicaN/A7.0N/AN/A0%
MexicoN/A11.2N/AN/A0%
ColombiaN/A0.64.3N/A616.7%
Others1.70.43.61.4-6.3%
Total48.726.662.659.56.9%

Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Peru in 2022:

  1. Chile (1057.0 kg)
  2. Free Zones (252.0 kg)
  3. Costa Rica (1.0 kg)
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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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