Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Estonia - 2023

Contents:

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

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

In 2022, the average import price for vitamins; vitamin e and its derivatives, unmixeds amounted to $22,956 per ton, increasing by 58% against the previous year. In general, the import price enjoyed a pronounced increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Poland ($43,256 per ton), while the price for Germany ($10,197 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+43.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vitamins; vitamin e and its derivatives, unmixeds amounted to $14,996 per ton, reducing by -44.6% against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 71% against the previous year. The export price peaked at $59,644 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Russia ($47,528 per ton), while the average price for exports to Norway ($13,449 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 Russia (+4.0%).

Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Estonia

Imports of vitamins; vitamin e and its derivatives, unmixeds into Estonia dropped notably to 15 tons in 2022, with a decrease of -47.4% on the previous year's figure. Over the period under review, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 95%. As a result, imports attained the peak of 29 tons, and then fell notably in the following year.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds dropped notably to $345K in 2022. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 148%. As a result, imports reached the peak of $414K, and then shrank markedly in the following year.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain23.27.9122244119.1%
Netherlands7.695.614651.188.7%
Germany19.053.012119.40.7%
Poland0.63.34.115.7196.9%
Lithuania17.12.92.811.8-11.6%
China1701.2N/A0.2-89.4%
Denmark16.7N/AN/AN/A0%
Others7.03.217.73.2-23.0%
Total2611674143459.7%

Top Suppliers of Vitamins; Vitamin E and Its Derivatives, Unmixed to Estonia in 2022:

  1. Spain (10.0 tons)
  2. Germany (1.9 tons)
  3. Netherlands (1.8 tons)
  4. Lithuania (0.8 tons)
  5. Poland (0.4 tons)

Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Estonia

Exports of vitamins; vitamin e and its derivatives, unmixeds from Estonia surged to 2.6 tons in 2022, picking up by 219% compared with 2021 figures. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds soared to $38K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NorwayN/AN/AN/A28.00%
UzbekistanN/AN/AN/A8.80%
Russia21.023.121.51.7-56.7%
Others3.20.80.3N/A-69.4%
Total24.223.921.838.516.7%

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

  1. Norway (2080.0 kg)
  2. Uzbekistan (450.0 kg)
  3. Russia (36.0 kg)

Source: IndexBox Market Intelligence Platform

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