Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Angola - 2022

Contents:

  1. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Angola (CIF) - 2022
  2. Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Angola

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Angola (CIF) - 2022

The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $1,819 per ton in 2022, reducing by -23.2% against the previous year. Over the period under review, the import price recorded a sharp downturn. The most prominent rate of growth was recorded in 2019 an increase of 39%. The import price peaked at $55,426 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($7,687 per ton), while the price for India amounted to $1,694 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-24.8%), while the prices for the other major suppliers experienced a decline.

Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Angola

In 2022, imports of vitamins; vitamin b2 and its derivatives, unmixeds into Angola surged to 22 tons, picking up by 907% on 2021. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds skyrocketed to $39K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Angola (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India4.15.33.935.7105.7%
PortugalN/AN/A0.13.53400.0%
ChinaN/A1.21.2N/A0.0%
Others3.9N/AN/AN/A0%
Total8.06.55.139.269.8%

Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Angola in 2022:

  1. India (21.1 tons)
  2. Portugal (0.5 tons)

Source: IndexBox Market Intelligence Platform

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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.

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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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