Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary - 2023

Contents:

  1. Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary (CIF) - 2022
  2. Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary (FOB) - 2022
  3. Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary
  4. Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary

Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B6 and its derivatives, unmixeds amounted to $17,519 per ton, with an increase of 20% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2016 an increase of 27%. Over the period under review, average import prices attained the peak figure at $37,675 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($28,564 per ton), while the price for Germany ($13,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary (FOB) - 2022

The average export price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $22,130 per ton in 2022, falling by -28.4% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs at $72,950 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2012 to 2022, the rate of growth in terms of prices for Serbia amounted to -4.4% per year.

Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary

In 2022, supplies from abroad of vitamins; vitamin B6 and its derivatives, unmixeds decreased by -4.4% to 51 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of 53 tons, and then reduced slightly in the following year.

In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds expanded notably to $889K in 2022. Over the period under review, imports saw a perceptible slump.

Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands412443387347-5.6%
Germany2141451712586.4%
China10716210819722.6%
Belgium83.968.555.258.7-11.2%
France50.136.339.925.1-20.6%
Others87.416.716.12.6-69.0%
Total954872777889-2.3%

Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to Hungary in 2022:

  1. Netherlands (19.6 tons)
  2. Germany (19.4 tons)
  3. China (6.9 tons)
  4. Belgium (3.6 tons)
  5. France (1.3 tons)

Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary

In 2022, exports of vitamins; vitamin B6 and its derivatives, unmixeds from Hungary skyrocketed to 200 kg, rising by 190% against 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 12,360% against the previous year. As a result, the exports reached the peak of 3.1 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vitamins; vitamin B6 and its derivatives, unmixeds skyrocketed to $4.4K in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 4,840% against the previous year. As a result, the exports reached the peak of $57K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SerbiaN/A4.31.54.41.2%
NetherlandsN/A51.7N/AN/A0%
Others1.10.80.6N/A-26.1%
Total1.156.72.14.458.7%

Top Export Markets for Vitamins; Vitamin B6 and Its Derivatives, Unmixed from Hungary in 2022:

  1. Serbia (200.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Vitamins; vitamin B6 and its derivatives, unmixed - Hungary