Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR - 2023
Contents:
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR (CIF) - 2023
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR (FOB) - 2022
- Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR
- Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for vitamins; vitamin c and its derivatives, unmixeds amounted to $4,599 per ton, falling by -62.9% against the previous month. Overall, the import price faced a deep slump. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 621% month-to-month. As a result, import price reached the peak level of $41,224 per ton. From August 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($106K per ton), while the price for China ($2,144 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for vitamins; vitamin c and its derivatives, unmixeds amounted to $50,474 per ton, increasing by 292% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($69,736 per ton), while the average price for exports to Thailand ($5,393 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 Taiwan (Chinese) (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR
In 2022, overseas purchases of vitamins; vitamin c and its derivatives, unmixeds decreased by -53.1% to 62 tons, falling for the second consecutive year after two years of growth. In general, imports faced a dramatic slump. The pace of growth was the most pronounced in 2020 when imports increased by 13%. As a result, imports attained the peak of 150 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds reduced rapidly to $677K in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 609 | 764 | 959 | 411 | -12.3% |
| Netherlands | 33.7 | 95.4 | 74.2 | 75.9 | 31.1% |
| Canada | 76.8 | 171 | 88.6 | 52.7 | -11.8% |
| United States | 231 | 279 | 101 | 44.3 | -42.3% |
| Germany | 177 | 7.1 | 0.8 | 1.1 | -81.6% |
| Others | 107 | 70.6 | 59.3 | 91.6 | -5.0% |
| Total | 1,234 | 1,386 | 1,283 | 677 | -18.1% |
Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to Hong Kong SAR in 2022:
- China (51.3 tons)
- Canada (4.4 tons)
- Netherlands (3.5 tons)
- United States (1.5 tons)
- Germany (0.1 tons)
Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of vitamins; vitamin c and its derivatives, unmixeds, which decreased by -27.6% to 4.2 tons in 2022. Over the period under review, exports continue to indicate a sharp decline.
In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds skyrocketed to $213K in 2022. Overall, exports faced a sharp decline.
| Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 548 | 391 | 39.9 | 170 | -32.3% |
| Taiwan (Chinese) | N/A | N/A | N/A | 29.9 | 0% |
| Thailand | N/A | N/A | N/A | 5.4 | 0% |
| United States | N/A | 2.1 | 0.9 | 2.2 | 2.4% |
| Indonesia | N/A | N/A | 19.7 | N/A | 0% |
| Mexico | 34.9 | 14.2 | 14.7 | N/A | -35.1% |
| Iran | 41.3 | N/A | N/A | N/A | 0% |
| Others | 2.9 | N/A | N/A | 5.8 | 26.0% |
| Total | 627 | 408 | 75.2 | 213 | -30.2% |
Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from Hong Kong SAR in 2022:
- China (2439.0 kg)
- Thailand (1000.0 kg)
- Taiwan (Chinese) (600.0 kg)
- United States (178.0 kg)
473
This report provides an in-depth analysis of the vitamin market in Hong Kong SAR, China.
2760
This report provides an in-depth analysis of the global vitamin market.
473
This report provides an in-depth analysis of the vitamin market in Hong Kong SAR, China.
2760
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...
