Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia - 2023
Contents:
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia (CIF) - 2023
- Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia (FOB) - 2022
- Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia
- Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia (CIF) - 2023
The average import price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $2,392 per ton in December 2023, which is down by -95% against the previous month. Over the period under review, the import price recorded a deep contraction. The pace of growth was the most pronounced in February 2023 an increase of 172% m-o-m. The import price peaked at $47,454 per ton in November 2023, and then reduced dramatically in the following month.
As there is only one major supplying country, the average price level is determined by prices for Denmark.
From December 2022 to December 2023, the rate of growth in terms of prices for Lithuania amounted to +12.9% per month.
Price for Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia (FOB) - 2022
The average export price for vitamins; vitamin B12 and its derivatives, unmixeds stood at $105,300 per ton in 2022, dropping by -4.1% against the previous year. Over the period under review, the export price saw a sharp decline. The pace of growth appeared the most rapid in 2017 an increase of 106% against the previous year. The export price peaked at $5,117,000 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($436,000 per ton), while the average price for exports to Russia ($42,833 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-21.7%), while the prices for the other major destinations experienced a decline.
Imports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia
For the fourth year in a row, Latvia recorded growth in supplies from abroad of vitamins; vitamin B12 and its derivatives, unmixeds, which increased by 27% to 43 tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.3% 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 +82.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of vitamins; vitamin B12 and its derivatives, unmixeds soared to $678K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 131 | 62.4 | 177 | 438 | 49.5% |
| Spain | N/A | 25.0 | 22.2 | 138 | 134.9% |
| Poland | 58.7 | 11.3 | 20.7 | 45.3 | -8.3% |
| Denmark | 73.7 | 54.8 | 53.8 | 31.2 | -24.9% |
| Czech Republic | 7.4 | 39.7 | 3.3 | 14.8 | 26.0% |
| Estonia | 11.2 | 26.1 | 19.1 | 1.5 | -48.8% |
| United Kingdom | 54.0 | 48.2 | N/A | N/A | -10.7% |
| Others | 0.8 | 29.8 | 24.4 | 9.4 | 127.3% |
| Total | 336 | 297 | 321 | 678 | 26.4% |
Top Suppliers of Vitamins; Vitamin B12 and Its Derivatives, Unmixed to Latvia in 2022:
- Lithuania (20.7 tons)
- Denmark (13.2 tons)
- Spain (6.6 tons)
- Poland (1.6 tons)
- Czech Republic (0.7 tons)
- Estonia (0.1 tons)
Exports of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia
In 2022, shipments abroad of vitamins; vitamin B12 and its derivatives, unmixeds decreased by -95.5% to 10 kg, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 9,625% against the previous year. As a result, the exports attained the peak of 389 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vitamins; vitamin B12 and its derivatives, unmixeds dropped notably to $1.1K in 2022. In general, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2020 with an increase of 139% against the previous year. As a result, the exports attained the peak of $39K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Vitamins; Vitamin B12 and Its Derivatives, Unmixed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 15.9 | 37.6 | 22.5 | 0.4 | -70.7% |
| Russia | 0.1 | 0.3 | 0.9 | 0.3 | 44.2% |
| Germany | 0.3 | 0.8 | 0.7 | 0.2 | -12.6% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 16.2 | 38.7 | 24.1 | 1.1 | -59.2% |
Top Export Markets for Vitamins; Vitamin B12 and Its Derivatives, Unmixed from Latvia in 2022:
- Russia (6.0 kg)
- Germany (3.0 kg)
- Lithuania (1.0 kg)
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This report provides an in-depth analysis of the vitamin market in Latvia.
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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 Latvia.
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This report provides an in-depth analysis of the global vitamin market.
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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.
386
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.
1458
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...
864
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...
254
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.
386
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.
1458
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...
864
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...
