Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Tanzania - 2022

Contents:

  1. Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Tanzania (CIF) - 2022
  2. Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Tanzania

Price for Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Tanzania (CIF) - 2022

The average import price for vitamins; vitamin B6 and its derivatives, unmixeds stood at $44,182 per ton in 2022, falling by -12.3% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 129% against the previous year. The import price peaked at $67,735 per ton in 2018; however, from 2019 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 China ($48,250 per ton), while the price for the Netherlands ($26,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Tanzania

For the third consecutive year, Tanzania recorded decline in purchases abroad of vitamins; vitamin B6 and its derivatives, unmixeds, which decreased by -62.1% to 11 kg in 2022. Overall, imports saw a sharp setback. The smallest decline of -17.1% was in 2021.

In value terms, imports of vitamins; vitamin B6 and its derivatives, unmixeds reduced dramatically to $486 in 2022. Over the period under review, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 5.1%.

Import of Vitamins; Vitamin B6 and Its Derivatives, Unmixed in Tanzania (USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.021.047.0386300.7%
India6121971.074.0-50.6%
Netherlands3.06.09.026.0105.4%
Belgium59.0104129N/A47.9%
Germany3887491,021N/A62.2%
Kenya180254254N/A18.8%
Curacao5,695N/AN/AN/A0%
Others3.059.0N/AN/A1866.7%
Total6,9461,3901,461486-58.8%

Top Suppliers of Vitamins; Vitamin B6 and Its Derivatives, Unmixed to Tanzania in 2022:

  1. China (8.0 kg)
  2. India (2.0 kg)
  3. Netherlands (1.0 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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