Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea - 2022
Contents:
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea (CIF) - 2022
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea (FOB) - 2022
- Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea
- Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea (CIF) - 2022
The average import price for vitamins; vitamin c and its derivatives, unmixeds stood at $11,450 per ton in December 2022, rising by 12% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in October 2022 an increase of 49% m-o-m. As a result, import price attained the peak level of $12,902 per ton. From November 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the UK ($20,770 per ton), while the price for China totaled $4,122 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.3%).
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea (FOB) - 2022
In 2022, the average export price for vitamins; vitamin c and its derivatives, unmixeds amounted to $99,332 per ton, approximately reflecting the previous year. Over the period under review, the export price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 82%. Over the period under review, the average export prices hit record highs at $111,636 per ton in 2020; however, from 2021 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 Thailand ($214,822 per ton), while the average price for exports to Mongolia ($15,503 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 Thailand (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea
In 2022, the amount of vitamins; vitamin c and its derivatives, unmixeds imported into South Korea soared to 7.5K tons, jumping by 23% compared with the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds surged to $74M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 38%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 26.2 | 39.0 | 34.0 | 41.5 | 16.6% |
| China | 15.7 | 19.4 | 26.1 | 28.0 | 21.3% |
| Others | 1.8 | 2.0 | 1.9 | 4.2 | 32.6% |
| Total | 43.8 | 60.4 | 61.9 | 73.7 | 18.9% |
Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to South Korea in 2022:
- China (5.2K tons)
- United Kingdom (2.1K tons)
Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea
In 2022, the amount of vitamins; vitamin c and its derivatives, unmixeds exported from South Korea reduced to 63 tons, waning by -11.4% against 2021. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year.
In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds dropped to $6.3M in 2022. The total export value increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $7.1M, and then fell in the following year.
| Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,752 | 2,061 | 2,829 | 2,493 | 12.5% |
| Indonesia | 709 | 956 | 971 | 951 | 10.3% |
| Germany | 757 | 746 | 561 | 853 | 4.1% |
| China | 731 | 508 | 658 | 720 | -0.5% |
| India | 154 | 277 | 914 | 498 | 47.9% |
| Pakistan | 144 | 0.2 | 143 | 144 | 0.0% |
| Thailand | 288 | 114 | 126 | 138 | -21.7% |
| Mongolia | N/A | N/A | N/A | 103 | 0% |
| Malaysia | 78.1 | 61.1 | 192 | 32.6 | -25.3% |
| Others | 313 | 470 | 729 | 343 | 3.1% |
| Total | 4,927 | 5,194 | 7,122 | 6,275 | 8.4% |
Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from South Korea in 2022:
- United States (17.6 tons)
- China (13.1 tons)
- Germany (7.4 tons)
- Mongolia (6.7 tons)
- Pakistan (5.4 tons)
- Indonesia (4.9 tons)
- India (2.7 tons)
- Malaysia (1.1 tons)
- Thailand (0.6 tons)
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This report provides an in-depth analysis of the vitamin market in Republic of Korea.
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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.
370
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...
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.
370
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...
