Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Ethiopia - 2022

Contents:

  1. Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Ethiopia (CIF) - 2022
  2. Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Ethiopia

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

In 2022, the average import price for vitamins; vitamin e and its derivatives, unmixeds amounted to $27,333 per ton, surging by 40% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 46%. As a result, import price reached the peak level of $36,098 per ton. From 2016 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 China ($41,600 per ton), while the price for Germany amounted to $9,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Ethiopia

In 2022, the amount of vitamins; vitamin e and its derivatives, unmixeds imported into Ethiopia soared to 18 kg, rising by 38% compared with the previous year's figure. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 3,564%. As a result, imports reached the peak of 403 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds skyrocketed to $492 in 2022. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 3,161%. As a result, imports reached the peak of $11K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/A3.30.10.4-65.2%
GermanyN/A0.4N/A0.1-50.0%
India0.17.10.2N/A41.4%
Others0.2N/AN/AN/A0%
Total0.310.80.30.518.6%

Top Suppliers of Vitamins; Vitamin E and Its Derivatives, Unmixed to Ethiopia in 2022:

  1. China (10.0 kg)
  2. Germany (8.0 kg)

Source: IndexBox Market Intelligence Platform

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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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