Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala - 2023
Contents:
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala (CIF) - 2023
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala (FOB) - 2022
- Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala
- Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala (CIF) - 2023
The average import price for vitamins; vitamin c and its derivatives, unmixeds stood at $2,179 per ton in December 2023, which is down by -1.7% against the previous month. Over the period under review, the import price saw a perceptible slump. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 19% against the previous month. Over the period under review, average import prices reached the maximum at $3,069 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to -4.3% per month.
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala (FOB) - 2022
In 2022, the average export price for vitamins; vitamin c and its derivatives, unmixeds amounted to $5,255 per ton, with a decrease of -4.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 48% against the previous year. The export price peaked at $6,020 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 the Dominican Republic ($7,679 per ton), while the average price for exports to Nicaragua ($4,066 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 El Salvador (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala
For the fourth consecutive year, Guatemala recorded growth in purchases abroad of vitamins; vitamin c and its derivatives, unmixeds, which increased by 8.9% to 2.3K tons in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +59.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds totaled $9.8M in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 86%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 3.4 | 7.1 | 9.2 | 40.7% |
| Mexico | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
| Germany | 0.1 | 0.3 | 0.5 | N/A | 123.6% |
| Others | 0.6 | 0.8 | 0.8 | 0.5 | -5.9% |
| Total | 4.2 | 4.6 | 8.7 | 9.8 | 32.6% |
Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to Guatemala in 2022:
- China (2189.3 tons)
- Mexico (33.6 tons)
- Germany (3.9 tons)
Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala
In 2022, shipments abroad of vitamins; vitamin c and its derivatives, unmixeds decreased by -4.4% to 261 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of 273 tons, and then declined modestly in the following year.
In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds shrank to $1.4M in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 89%. As a result, the exports attained the peak of $1.5M, and then reduced in the following year.
| Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 259 | 335 | 604 | 410 | 16.5% |
| Honduras | 214 | 140 | 491 | 320 | 14.4% |
| Costa Rica | 119 | 76.4 | 115 | 298 | 35.8% |
| Dominican Republic | 75.4 | 78.0 | 133 | 145 | 24.4% |
| Panama | 59.2 | 31.2 | 16.0 | 138 | 32.6% |
| Nicaragua | 35.1 | 22.5 | 22.0 | 23.7 | -12.3% |
| Ecuador | 5.9 | 27.9 | 40.7 | N/A | 162.6% |
| Others | 53.3 | 81.5 | 76.6 | 39.3 | -9.7% |
| Total | 821 | 793 | 1,498 | 1,373 | 18.7% |
Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from Guatemala in 2022:
- Costa Rica (72.8 tons)
- Honduras (66.9 tons)
- El Salvador (65.9 tons)
- Panama (28.6 tons)
- Dominican Republic (18.8 tons)
- Nicaragua (5.8 tons)
91
This report provides an in-depth analysis of the vitamin market in Guatemala.
2756
This report provides an in-depth analysis of the global vitamin market.
91
This report provides an in-depth analysis of the vitamin market in Guatemala.
2756
This report provides an in-depth analysis of the global vitamin market.
251
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.
385
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.
1455
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...
251
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.
385
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.
1455
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...
