Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Ukraine - 2023

Contents:

  1. Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Ukraine (CIF) - 2022
  2. Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Ukraine

Price for Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Ukraine (CIF) - 2022

In 2022, the average import price for vitamins; vitamin B2 and its derivatives, unmixeds amounted to $17,684 per ton, waning by -17.7% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $41,934 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($22,539 per ton), while the price for South Korea ($14,374 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.3%), while the prices for the other major suppliers experienced a decline.

Imports of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Ukraine

Imports of vitamins; vitamin B2 and its derivatives, unmixeds into Ukraine surged to 19 tons in 2022, rising by 30% compared with 2021. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% 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 decreased by -19.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, imports attained the peak of 23 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vitamins; vitamin B2 and its derivatives, unmixeds expanded remarkably to $329K in 2022. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 8.9% against the previous year. As a result, imports reached the peak of $471K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Vitamins; Vitamin B2 and Its Derivatives, Unmixed in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea46.565.341.314646.4%
Germany13113167.0117-3.7%
Poland1.32.61.821.7155.6%
China17.621.124.616.8-1.5%
Switzerland0.20.63.88.3246.2%
Netherlands7.15.53.63.2-23.3%
Italy18.927.429.1N/A24.1%
Others21021713615.6-58.0%
Total432471307329-8.7%

Top Suppliers of Vitamins; Vitamin B2 and Its Derivatives, Unmixed to Ukraine in 2022:

  1. South Korea (10.2 tons)
  2. Germany (5.4 tons)
  3. Poland (1.2 tons)
  4. China (0.7 tons)
  5. Switzerland (0.5 tons)
  6. Netherlands (0.2 tons)

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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