Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria - 2023
Contents:
- Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria (CIF) - 2022
- Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria (FOB) - 2022
- Imports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria
- Exports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria
Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria (CIF) - 2022
In 2022, the average import price for vitamins; vitamins a and their derivatives, unmixeds amounted to $10,487 per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63% against the previous year. The import price peaked at $29,267 per ton in 2015; however, from 2016 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 China ($22,749 per ton), while the price for Greece ($5,736 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria (FOB) - 2022
In 2021, the average export price for vitamins; vitamins a and their derivatives, unmixeds amounted to $25,000 per ton, dropping by -63.8% against the previous year. In general, the export price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 56%. The export price peaked at $69,000 per ton in 2020, and then shrank notably in the following year.
Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($26,000 per ton), while the average price for exports to South Africa amounted to $24,000 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria
In 2022, supplies from abroad of vitamins; vitamins a and their derivatives, unmixeds decreased by -64.8% to 481 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 243% against the previous year. As a result, imports attained the peak of 1.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vitamins; vitamins a and their derivatives, unmixeds contracted markedly to $5M in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 217%. As a result, imports attained the peak of $19M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | N/A | N/A | 1.1 | 0% |
| Denmark | 1.0 | 1.4 | 1.6 | 1.0 | 0.0% |
| China | 0.8 | 1.0 | 0.8 | 0.8 | 0.0% |
| Germany | 1.4 | 10.2 | 6.0 | 0.7 | -20.6% |
| United States | 0.3 | 0.7 | 0.9 | 0.3 | 0.0% |
| Switzerland | 0.3 | 0.1 | N/A | 0.3 | 0.0% |
| South Africa | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| France | 0.4 | 0.4 | 0.3 | N/A | -13.4% |
| Turkey | 1.1 | 4.1 | 2.3 | N/A | 44.6% |
| Others | 0.7 | 1.2 | 0.7 | 0.6 | -5.0% |
| Total | 6.1 | 19.4 | 12.9 | 5.0 | -6.4% |
Top Suppliers of Vitamins; Vitamins A and Their Derivatives, Unmixed to Nigeria in 2022:
- Greece (192.0 tons)
- Germany (75.2 tons)
- Denmark (54.2 tons)
- South Africa (38.1 tons)
- Switzerland (37.8 tons)
- China (34.2 tons)
- United States (25.8 tons)
- France (1.4 tons)
Exports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria
Exports of vitamins; vitamins a and their derivatives, unmixeds from Nigeria totaled 2 kg in 2021, remaining relatively unchanged against 2020. Overall, exports faced a significant contraction. The smallest decline of -75% was in 2020.
In value terms, exports of vitamins; vitamins a and their derivatives, unmixeds fell markedly to $50 in 2021. In general, exports faced a dramatic shrinkage.
| Export of Vitamins; Vitamins A and Their Derivatives, Unmixed in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Canada | N/A | N/A | 26.0 | 0% | |
| South Africa | N/A | N/A | 24.0 | 0% | |
| Botswana | 32.0 | N/A | N/A | 0% | |
| Kenya | N/A | 138 | N/A | 0% | |
| Lesotho | 391 | N/A | N/A | 0% | |
| India | 21.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 444 | 138 | 50.0 | -66.4% | |
Top Export Markets for Vitamins; Vitamins A and Their Derivatives, Unmixed from Nigeria in 2022:
- Canada (1.0 kg)
- South Africa (1.0 kg)
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This report provides an in-depth analysis of the vitamin market in Nigeria.
2738
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 Nigeria.
2738
This report provides an in-depth analysis of the global vitamin market.
235
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.
369
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.
1435
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...
854
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...
235
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.
369
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.
1435
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...
854
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...
