Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan - 2023

Contents:

  1. Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan (CIF) - 2023
  2. Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan (FOB) - 2022
  3. Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan
  4. Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan

Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan (CIF) - 2023

In November 2023, the average import price for vitamins; vitamin c and its derivatives, unmixeds amounted to $4,709 per ton, with an increase of 17% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 24% against the previous month. As a result, import price reached the peak level of $6,066 per ton. From August 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($14,528 per ton), while the price for China totaled $4,114 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.0%).

Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan (FOB) - 2022

In 2022, the average export price for vitamins; vitamin c and its derivatives, unmixeds amounted to $164,839 per ton, with a decrease of -16.6% against the previous year. In general, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2015 an increase of 22% against the previous year. The export price peaked at $241,323 per ton in 2016; however, from 2017 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 South Korea ($503,235 per ton), while the average price for exports to Taiwan (Chinese) ($24,749 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 the Philippines (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan

Imports of vitamins; vitamin c and its derivatives, unmixeds into Japan surged to 15K tons in 2022, rising by 20% against 2021 figures. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds rose markedly to $81M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China58.644.356.863.92.9%
United Kingdom9.110.110.112.410.9%
IndiaN/AN/A0.71.9171.4%
Others3.23.13.62.7-5.5%
Total70.957.571.381.04.5%

Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to Japan in 2022:

  1. China (14.4K tons)
  2. United Kingdom (0.7K tons)
  3. India (0.2K tons)

Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan

After three years of growth, overseas shipments of vitamins; vitamin c and its derivatives, unmixeds decreased by -24.3% to 187 tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of 247 tons, and then reduced remarkably in the following year.

In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds declined rapidly to $31M in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $49M, and then dropped notably in the following year.

Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States14.822.126.512.1-6.5%
China3.82.75.95.311.7%
France3.53.03.23.2-2.9%
Taiwan (Chinese)0.50.80.91.544.2%
Netherlands1.82.03.01.4-8.0%
Spain0.10.10.70.9108.0%
Thailand1.10.70.60.6-18.3%
Ireland0.60.71.20.4-12.6%
Germany0.50.50.80.4-7.2%
India0.20.30.30.20.0%
Others4.55.55.94.92.9%
Total31.238.448.930.8-0.4%

Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from Japan in 2022:

  1. Taiwan (Chinese) (59.0 tons)
  2. United States (51.0 tons)
  3. China (21.1 tons)
  4. France (20.6 tons)
  5. Netherlands (5.3 tons)
  6. Spain (5.0 tons)
  7. India (2.3 tons)
  8. Ireland (2.2 tons)
  9. Germany (2.2 tons)
  10. Thailand (2.2 tons)
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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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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...

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