Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria - 2023
Contents:
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria (CIF) - 2022
- Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria (FOB) - 2022
- Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria
- Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria (CIF) - 2022
The average import price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $4,964 per ton in 2022, increasing by 41% against the previous year. Over the period under review, the import price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2014 an increase of 117% against the previous year. As a result, import price reached the peak level of $15,595 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 India ($9,004 per ton), while the price for South Korea ($429 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+30.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria (FOB) - 2022
The average export price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $23,000 per ton in 2021, remaining stable against the previous year. Overall, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $56,500 per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2015 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.
Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria
In 2022, purchases abroad of vitamins; vitamin B6 and its derivatives, unmixeds decreased by -12.7% to 37 tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 102% against the previous year. As a result, imports reached the peak of 59 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds surged to $183K in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 65% against the previous year. As a result, imports reached the peak of $298K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 55.1 | 160 | 80.8 | 147 | 38.7% |
| Israel | N/A | 30.4 | 9.6 | 16.4 | -26.6% |
| France | N/A | 8.0 | N/A | 8.2 | 1.2% |
| India | 13.3 | 40.2 | 12.8 | 7.4 | -17.8% |
| South Korea | N/A | N/A | N/A | 4.1 | 0% |
| Germany | 42.8 | 20.3 | 4.5 | 0.3 | -80.9% |
| Spain | N/A | N/A | 1.2 | N/A | 0% |
| Belgium | 12.0 | 2.4 | 7.1 | N/A | -23.1% |
| Georgia | N/A | N/A | 5.1 | N/A | 0% |
| Others | 57.2 | 37.0 | 27.3 | N/A | -30.9% |
| Total | 180 | 298 | 148 | 183 | 0.6% |
Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to Nigeria in 2022:
- China (21.9 tons)
- South Korea (9.6 tons)
- Israel (3.3 tons)
- France (1.3 tons)
- India (0.8 tons)
- Germany (0.1 tons)
Exports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria
In 2021, the amount of vitamins; vitamin B6 and its derivatives, unmixeds exported from Nigeria amounted to 1 kg, flattening at 2020 figures. Over the period under review, exports recorded a sharp decrease. The smallest decline of 99.9% was in 2020.
In value terms, exports of vitamins; vitamin B6 and its derivatives, unmixeds stood at $23 in 2021. In general, exports saw a sharp decrease. The smallest decline of 99.9% was in 2020.
| Export of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Canada | N/A | N/A | 23.0 | 0% | |
| Ireland | 18.0 | N/A | N/A | 0% | |
| Others | 18.0 | N/A | N/A | 0% | |
| Total | 36.0 | N/A | 23.0 | -20.1% | |
Top Export Markets for Vitamins; Vitamin B6 and Its Derivatives, Unmixed from Nigeria in 2022:
- Canada (1.0 kg)
744
This report provides an in-depth analysis of the vitamin market in Nigeria.
2733
This report provides an in-depth analysis of the global vitamin market.
744
This report provides an in-depth analysis of the vitamin market in Nigeria.
2733
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.
366
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.
1433
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...
851
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.
366
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.
1433
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...
851
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...
