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Mexico - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: May 20, 2023

Vitamin Price in Mexico Slumps 14% to $10.5 per kg After Four Consecutive Months of Decline

Mexico Vitamin Import Price in January 2023

In January 2023, the vitamin price amounted to $10,469 per ton (CIF, Mexico), waning by -13.7% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when the average import price increased by 27% against the previous month. Over the period under review, average import prices reached the maximum at $15,035 per ton in June 2022; however, from July 2022 to January 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($130K per ton), while the price for China ($9,380 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRY	Import Price of Vitamin in Mexico (USD per ton)
COUNTRY	Jan 2022	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023
India	N/A	123,658	N/A	7,643	N/A	N/A	N/A	10,025	N/A	9,152	N/A	8,262	130,235
United States	10,811	16,520	14,834	15,880	18,295	34,138	31,004	20,809	18,232	23,590	12,959	23,801	14,279
Germany	15,517	15,861	25,171	N/A	29,151	13,637	19,130	16,443	49,757	18,325	29,427	70,761	12,901
Switzerland	127,145	7,139	16,012	26,697	15,852	14,081	8,011	9,827	8,776	14,381	11,452	12,865	10,067
China	9,604	11,276	11,260	9,965	10,313	12,790	12,181	10,283	11,368	7,816	10,625	8,754	9,380
United Kingdom	N/A	N/A	N/A	12,032	N/A	21,547	N/A	N/A	22,759	40,305	28,235	N/A	N/A
Average	10,194	11,252	14,323	11,343	12,863	15,035	13,281	11,690	14,307	13,470	12,774	12,129	10,469

Mexico Vitamin Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was vitamins; vitamin B12 and its derivatives, unmixed ($367K per ton), while the price for vitamins; vitamin c and its derivatives, unmixed ($5,261 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by vitamins; vitamin B2 and its derivatives, unmixed (+5.1%), while the prices for the other products experienced more modest paces of growth.

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Mexico Vitamin Imports

In January 2023, supplies from abroad of provitamins and vitamins was finally on the rise to reach 1.3K tons after three months of decline. In general, total imports indicated a notable expansion from January 2022 to January 2023: its volume increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, imports increased by +117.8% against December 2022 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vitamin imports surged to $14M (IndexBox estimates) in January 2023. Over the period under review, total imports indicated a notable expansion from January 2022 to January 2023: its value increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, imports increased by +88.0% against December 2022 indices.

Mexico Vitamin Imports by Type

Vitamins; vitamin e and its derivatives, unmixed (468 tons), vitamins; vitamin c and its derivatives, unmixed (416 tons) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (231 tons) were the main products of vitamin imports to Mexico, together comprising 84% of total imports. These products were followed by vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; n.e.s. in heading no. 2936, including natural concentrates and vitamins; vitamin B12 and its derivatives, unmixed, which together accounted for a further 16%.

From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed (with a CAGR of +22.9%), while imports for the other products experienced more modest paces of growth.

In value terms, vitamins; vitamin e and its derivatives, unmixed ($4.7M), vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($2.3M) and vitamins; vitamin c and its derivatives, unmixed ($2.2M) constituted the most imported types of provitamins and vitamins in Mexico, with a combined 66% share of total imports. Vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed, vitamins; vitamin B12 and its derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed and vitamins; n.e.s. in heading no. 2936, including natural concentrates lagged somewhat behind, together comprising a further 34%.

Mexico Vitamin Imports by Country

In January 2023, China (969 tons) constituted the largest supplier of vitamin to Mexico, with a 73% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, the United States (169 tons), sixfold. The third position in this ranking was taken by Germany (123 tons), with a 9.2% share.

From January 2022 to January 2023, the average monthly growth rate of volume from China stood at +2.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+1.4% per month) and Germany (+12.4% per month).

In value terms, China ($9.1M) constituted the largest supplier of vitamin to Mexico, comprising 65% of total imports. The second position in the ranking was held by the United States ($2.4M), with a 17% share of total imports. It was followed by Germany, with an 11% share.

From January 2022 to January 2023, the average monthly growth rate of value from China totaled +2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+3.7% per month) and Germany (+10.7% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vitamin market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Mexico - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights

Vitamin Price in Mexico Slumps 14% to $10.5 per kg After Four Consecutive Months of Decline

Mexico Vitamin Import Price in January 2023

Mexico Vitamin Import Prices by Type

Join Us at HANNOVER MESSE 2024

Mexico Vitamin Imports

Mexico Vitamin Imports by Type

Mexico Vitamin Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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