Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand - 2022

Contents:

  1. Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand (CIF) - 2022
  2. Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand (FOB) - 2022
  3. Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand
  4. Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B12 and its derivatives, unmixeds amounted to $69,684 per ton, which is down by -36.6% against the previous year. Overall, the import price showed a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 69%. The import price peaked at $384,824 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Switzerland ($202,672 per ton), while the price for Australia ($26,430 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.6%), while the prices for the other major suppliers experienced a decline.

Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand (FOB) - 2022

The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $39,567 per ton in 2022, growing by 17% against the previous year. In general, the export price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2017 an increase of 267% against the previous year. Over the period under review, the average export prices attained the maximum at $50,574 per ton in 2013; however, from 2014 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 Australia ($62,778 per ton), while the average price for exports to France ($15,000 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 Argentina (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand

In 2022, imports of vitamins; vitamin b12 and its derivatives, unmixeds into New Zealand surged to 16 tons, jumping by 38% on the previous year's figure. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 144%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds fell to $1.1M in 2022. Overall, imports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, imports attained the peak of $1.3M, and then shrank in the following year.

Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China455282267266-16.4%
Argentina276278536252-3.0%
Australia57.012812819450.4%
United States61.457.415619146.0%
India59.734.377.047.9-7.1%
Switzerland83.240.535.639.5-22.0%
Singapore26.75.813.33.5-49.2%
Others15344.668.5127-6.0%
Total1,1728701,2811,122-1.4%

Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to New Zealand in 2022:

  1. Australia (7.3 tons)
  2. United States (6.0 tons)
  3. China (1.5 tons)
  4. India (0.4 tons)
  5. Switzerland (0.2 tons)
  6. Singapore (0.1 tons)
  7. Argentina (0.1 tons)

Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand

In 2022, approx. 575 kg of vitamins; vitamin B12 and its derivatives, unmixeds were exported from New Zealand; growing by 24% against the previous year. In general, exports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2020 when exports increased by 164%. As a result, the exports attained the peak of 1.6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds skyrocketed to $23K in 2022. Overall, exports saw a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of 216% against the previous year. As a result, the exports attained the peak of $69K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom5.35.84.07.713.3%
Argentina3.711.99.06.721.9%
China0.30.60.35.0155.4%
Singapore1.99.71.42.25.0%
Australia10.340.50.60.6-61.2%
FijiN/AN/AN/A0.40%
Others0.20.20.60.1-20.6%
Total21.768.715.822.81.7%

Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from New Zealand in 2022:

  1. United Kingdom (191.0 kg)
  2. Argentina (167.0 kg)
  3. China (125.0 kg)
  4. Singapore (54.0 kg)
  5. Fiji (20.0 kg)
  6. Australia (9.0 kg)
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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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