Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Greece - 2023

Contents:

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

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

In 2022, the average import price for vitamins; vitamin c and its derivatives, unmixeds amounted to $4,973 per ton, waning by -5.9% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vitamins; vitamin c and its derivatives, unmixeds increased by +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 66%. Over the period under review, average import prices attained the maximum at $6,479 per ton in 2018; however, from 2019 to 2022, 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 the UK ($12,538 per ton), while the price for Spain ($1,928 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 (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vitamins; vitamin c and its derivatives, unmixeds stood at $5,479 per ton in 2022, dropping by -20.4% against the previous year. In general, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 71% against the previous year. The export price peaked at $7,356 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($8,753 per ton), while the average price for exports to Albania ($3,822 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 Romania (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Greece

In 2022, imports of vitamins; vitamin c and its derivatives, unmixeds into Greece surged to 1.1K tons, picking up by 19% on the year before. The total import volume increased at an average annual rate of +15.1% 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 2020 with an increase of 35%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds rose markedly to $5.3M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,4621,8402,5803,21730.1%
Germany87.521525251380.3%
Netherlands22735659836717.4%
Bulgaria296181374280-1.8%
Poland31421.0175119-27.6%
Spain85.728.952.878.6-2.8%
Others1,623335681693-24.7%
Total4,0962,9774,7115,2688.7%

Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to Greece in 2022:

  1. China (714.8 tons)
  2. Germany (100.6 tons)
  3. Netherlands (88.8 tons)
  4. Bulgaria (61.9 tons)
  5. Spain (40.8 tons)
  6. Poland (24.3 tons)

Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Greece

In 2022, shipments abroad of vitamins; vitamin c and its derivatives, unmixeds decreased by -34.2% to 23 tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. As a result, the exports attained the peak of 42 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds reduced dramatically to $125K in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 59%.

Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cyprus27.337.476.253.925.5%
North MacedoniaN/AN/A28.236.529.4%
Albania49.110.632.323.1-22.2%
Romania49.928.952.96.1-50.4%
Bulgaria17.959.332.95.4-32.9%
United KingdomN/A4.99.5N/A93.9%
Serbia1.849.25.7N/A78.0%
Others0.442.71.0N/A58.1%
Total146233239125-5.0%

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

  1. Cyprus (10.7 tons)
  2. Albania (6.0 tons)
  3. North Macedonia (4.2 tons)
  4. Romania (1.0 tons)
  5. Bulgaria (0.9 tons)
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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. 

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