Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States - 2023
Contents:
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States (CIF) - 2023
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States (FOB) - 2022
- Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States
- Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States (CIF) - 2023
In December 2023, the average import price for vitamins; vitamin c and its derivatives, unmixeds amounted to $2,890 per ton, dropping by -14.5% against the previous month. Overall, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in May 2023 when the average import price increased by 16% m-o-m. Over the period under review, average import prices reached the maximum at $5,230 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($13,561 per ton), while the price for China stood at $2,660 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+0.2%).
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States (FOB) - 2022
The average export price for vitamins; vitamin c and its derivatives, unmixeds stood at $12,961 per ton in 2022, with a decrease of -3.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The export price peaked at $13,468 per ton in 2021, and then shrank slightly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($29,916 per ton), while the average price for exports to Canada ($7,087 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 Japan (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States
In 2022, approx. 45K tons of vitamins; vitamin c and its derivatives, unmixeds were imported into the United States; remaining relatively unchanged against 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 80%. As a result, imports reached the peak of 60K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds dropped slightly to $229M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 71%. As a result, imports reached the peak of $264M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 115 | 225 | 187 | 177 | 15.5% |
| United Kingdom | 32.8 | 30.3 | 38.5 | 40.4 | 7.2% |
| Others | 6.5 | 8.1 | 12.1 | 11.7 | 21.6% |
| Total | 154 | 264 | 238 | 229 | 14.1% |
Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to the United States in 2022:
- China (41.2K tons)
- United Kingdom (3.3K tons)
Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States
In 2022, shipments abroad of vitamins; vitamin c and its derivatives, unmixeds decreased by -6.8% to 8.4K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 40%.
In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds dropped to $109M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year.
| Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.9 | 22.2 | 25.3 | 25.9 | 17.7% |
| South Korea | 15.1 | 22.2 | 22.8 | 21.0 | 11.6% |
| Singapore | 2.0 | 3.4 | 0.9 | 9.1 | 65.7% |
| Netherlands | 3.8 | 5.5 | 6.3 | 6.0 | 16.4% |
| New Zealand | 5.1 | 5.5 | 5.6 | 5.2 | 0.6% |
| Japan | 3.7 | 3.5 | 7.8 | 5.0 | 10.6% |
| Malaysia | 1.1 | 5.1 | 10.1 | 4.2 | 56.3% |
| Mexico | 1.6 | 0.9 | 7.8 | 3.5 | 29.8% |
| United Kingdom | 2.5 | 5.8 | 4.0 | 2.5 | 0.0% |
| China | 1.9 | 0.5 | 0.7 | 2.1 | 3.4% |
| Colombia | 0.3 | 0.6 | 0.7 | 1.4 | 67.1% |
| Philippines | 0.7 | 3.2 | 4.2 | 1.2 | 19.7% |
| Ireland | 3.3 | 2.5 | 0.2 | 0.3 | -55.0% |
| Others | 12.0 | 22.9 | 25.3 | 21.7 | 21.8% |
| Total | 68.9 | 104 | 122 | 109 | 16.5% |
Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from the United States in 2022:
- Canada (3657.9 tons)
- South Korea (1195.5 tons)
- Singapore (473.2 tons)
- Mexico (438.7 tons)
- Netherlands (296.6 tons)
- New Zealand (207.3 tons)
- United Kingdom (203.2 tons)
- Japan (166.5 tons)
- Malaysia (159.3 tons)
- Colombia (140.4 tons)
- China (128.6 tons)
- Philippines (82.1 tons)
- Ireland (29.6 tons)
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This report provides an in-depth analysis of the vitamin market in the U.S..
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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 the U.S..
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This report provides an in-depth analysis of the global vitamin market.
465
In August 2022, the vitamin price per ton amounted to $14.7K (CIF, US), surging by 3% against the previous month.
253
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.
386
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.
1458
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...
864
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...
465
In August 2022, the vitamin price per ton amounted to $14.7K (CIF, US), surging by 3% against the previous month.
253
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.
386
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.
1458
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...
864
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...
