Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea - 2022
Contents:
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea (FOB) - 2022
- Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea (CIF) - 2022
- Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea
- Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea (FOB) - 2022
In December 2022, the average export price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $18,154 per ton, rising by 5.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 27% month-to-month. As a result, the export price reached the peak level of $22,600 per ton. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($25,968 per ton), while the average price for exports to Japan ($12,661 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea (CIF) - 2022
The average import price for vitamins; vitamin B2 and its derivatives, unmixeds stood at $107K per ton in December 2022, picking up by 81% against the previous month. In general, the import price recorded a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($238K per ton), while the price for China ($51,971 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.0%), while the prices for the other major suppliers experienced a decline.
Exports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of vitamins; vitamin B2 and its derivatives, unmixeds, when their volume decreased by -18.6% to 2.4K tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of 2.9K tons, and then shrank rapidly in the following year.
In value terms, exports of vitamins; vitamin B2 and its derivatives, unmixeds contracted to $45M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, the exports attained the peak of $49M, and then reduced in the following year.
| Export of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.9 | 15.6 | 19.2 | 18.9 | -1.7% |
| United States | 6.9 | 7.1 | 8.5 | 6.9 | 0.0% |
| Singapore | 7.4 | 5.8 | 6.2 | 5.9 | -7.3% |
| China | 2.5 | 1.4 | 1.7 | 2.7 | 2.6% |
| India | 0.9 | 3.2 | 3.8 | 2.6 | 42.4% |
| Japan | 2.1 | 1.9 | 2.4 | 2.0 | -1.6% |
| Brazil | N/A | 1.2 | 2.3 | 1.6 | 15.5% |
| Mexico | N/A | 0.5 | 1.6 | 1.6 | 78.9% |
| Argentina | N/A | 0.6 | 0.9 | 1.3 | 47.2% |
| Others | 0.1 | 0.8 | 1.9 | 1.3 | 135.1% |
| Total | 39.8 | 38.0 | 48.6 | 44.8 | 4.0% |
Top Export Markets for Vitamins; Vitamin B2 and Its Derivatives, Unmixed from South Korea in 2022:
- Germany (1019.0 tons)
- United States (365.0 tons)
- Singapore (294.1 tons)
- China (152.0 tons)
- India (106.0 tons)
- Brazil (100.0 tons)
- Japan (96.9 tons)
- Mexico (77.5 tons)
- Argentina (77.5 tons)
Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea
In 2022, the amount of vitamins; vitamin B2 and its derivatives, unmixeds imported into South Korea reduced to 149 tons, shrinking by -14.4% compared with the year before. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 13%.
In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds dropped to $7.7M in 2022. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 8.7%.
| Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 3.9 | 3.6 | 3.6 | -10.4% |
| Germany | 3.8 | 3.0 | 4.0 | 2.9 | -8.6% |
| France | 0.7 | 0.4 | 0.6 | 0.8 | 4.6% |
| Taiwan (Chinese) | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Others | 0.6 | 0.3 | 0.2 | 0.2 | -30.7% |
| Total | 10.3 | 8.0 | 8.7 | 7.7 | -9.2% |
Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to South Korea in 2022:
- China (71.3 tons)
- Germany (68.0 tons)
- Taiwan (Chinese) (4.0 tons)
- France (3.7 tons)
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This report provides an in-depth analysis of the vitamin market in Republic of Korea.
2747
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 Republic of Korea.
2747
This report provides an in-depth analysis of the global vitamin market.
237
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.
371
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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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...
856
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...
237
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.
371
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.
1438
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...
856
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...
