Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria - 2023
Contents:
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria (CIF) - 2023
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria (FOB) - 2022
- Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria
- Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria (CIF) - 2023
The average import price for vitamins; vitamin c and its derivatives, unmixeds stood at $5,167 per ton in December 2023, rising by 35% against the previous month. Overall, the import price posted modest growth. The most prominent rate of growth was recorded in May 2023 an increase of 117% month-to-month. The import price peaked in December 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to December 2023, the rate of growth in terms of prices for Singapore amounted to +26.9% per month.
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria (FOB) - 2022
The average export price for vitamins; vitamin c and its derivatives, unmixeds stood at $579 per ton in 2022, dropping by -87.7% against the previous year. Over the period under review, the export price faced a sharp slump. The most prominent rate of growth was recorded in 2021 an increase of 294%. The export price peaked at $11,807 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($9,000 per ton), while the average price for exports to Canada amounted to $443 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+1.3%), while the prices for the other major destinations experienced a decline.
Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria
In 2022, purchases abroad of vitamins; vitamin c and its derivatives, unmixeds decreased by -20.1% to 1.2K tons, falling for the second consecutive year after two years of growth. In general, imports showed a slight decline. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds shrank dramatically to $5.5M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year.
| Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,592 | 3,103 | 5,438 | 5,002 | 24.5% |
| Germany | 521 | 753 | 80.3 | 301 | -16.7% |
| India | 13.8 | 27.7 | 50.1 | 163 | 127.7% |
| France | 10.9 | 245 | 119 | 5.0 | -22.9% |
| Belgium | 48.8 | 103 | 98.0 | 2.4 | -63.4% |
| United States | 151 | 161 | 154 | 0.1 | -91.3% |
| Others | 1,062 | 1,612 | 1,639 | 65.4 | -60.5% |
| Total | 4,399 | 6,005 | 7,579 | 5,538 | 8.0% |
Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to Nigeria in 2022:
- China (1031.8 tons)
- Germany (56.6 tons)
- India (50.7 tons)
- Belgium (1.0 tons)
- France (0.7 tons)
Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria
In 2022, shipments abroad of vitamins; vitamin c and its derivatives, unmixeds was finally on the rise to reach 152 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a precipitous setback.
In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds contracted markedly to $88 in 2022. Over the period under review, exports, however, continue to indicate a sharp descent. The smallest decline of -31.9% was in 2021.
| Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,204 | 108 | 1.0 | 66.0 | -68.9% |
| Ireland | 1,377 | 8.0 | 1.0 | 9.0 | -81.3% |
| Others | N/A | 132 | 167 | 13.0 | -68.6% |
| Total | 3,581 | 248 | 169 | 88.0 | -70.9% |
Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from Nigeria in 2022:
- Canada (149.0 kg)
- Ireland (1.0 kg)
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This report provides an in-depth analysis of the vitamin market in Nigeria.
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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 Nigeria.
2747
This report provides an in-depth analysis of the global vitamin market.
237
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.
371
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.
1438
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...
856
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...
237
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.
371
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.
1438
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...
856
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...
