Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia - 2022

Contents:

  1. Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia (CIF) - 2022
  2. Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia (FOB) - 2022
  3. Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia
  4. Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia

Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia (CIF) - 2022

The average import price for vitamins; vitamin B1 and its derivatives, unmixeds stood at $32,429 per ton in February 2022, picking up by 3.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in December 2021 an increase of 27% against the previous month. As a result, import price reached the peak level of $36,571 per ton. From January 2022 to February 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($45,930 per ton), while the price for Germany totaled $24,194 per ton.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%).

Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia (FOB) - 2022

In 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $56,677 per ton, with an increase of 34% against the previous year. In general, the export price posted prominent growth. The pace of growth was the most pronounced in 2015 an increase of 61% against the previous year. Over the period under review, the average export prices reached the maximum at $68,926 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($223,819 per ton), while the average price for exports to Guatemala ($22,326 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 Brazil (+154.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia

In 2022, supplies from abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -3.1% to 138 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 7.8% against the previous year. As a result, imports reached the peak of 165 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds dropped to $4M in 2022. In general, imports recorded a noticeable setback. The growth pace was the most rapid in 2020 with an increase of 5.9%. As a result, imports attained the peak of $4.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.63.43.32.93.7%
Germany1.81.20.91.0-17.8%
Others0.10.2N/AN/A100.0%
Total4.54.74.24.0-3.9%

Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to Colombia in 2022:

  1. China (102.7 tons)
  2. Germany (35.1 tons)

Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia

In 2022, exports of vitamins; vitamin b1 and its derivatives, unmixeds from Colombia soared to 2.1 tons, jumping by 134% compared with 2021. Over the period under review, exports, however, continue to indicate a mild downturn.

In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds surged to $120K in 2022. In general, exports, however, recorded a deep slump.

Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States34.6144N/A56.918.0%
Peru4.110.48.924.381.0%
Venezuela0.69.04.714.3187.8%
Ecuador2.530.922.111.666.8%
BrazilN/AN/AN/A9.40%
GuatemalaN/A12.1N/A3.9-43.2%
Mexico100N/AN/AN/A0%
OthersN/AN/A2.7N/A0%
Total14220738.5120-5.5%

Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from Colombia in 2022:

  1. Peru (810.0 kg)
  2. Venezuela (500.0 kg)
  3. United States (254.0 kg)
  4. Brazil (225.0 kg)
  5. Guatemala (175.0 kg)
  6. Ecuador (160.0 kg)
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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.

COVID Pandemic Instigates Global Vitamin Trade Growth
Feb 8, 2022
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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. 

Which Country Imports the Most Provitamins and Vitamins in the World?
May 28, 2018
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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...

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May 28, 2018
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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...

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