Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Vietnam - 2022

Contents:

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

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

The average import price for vitamins; vitamin e and its derivatives, unmixeds stood at $14,663 per ton in 2022, surging by 33% against the previous year. Overall, the import price, however, showed a noticeable contraction. The growth pace was the most rapid in 2018 an increase of 91%. Over the period under review, average import prices attained the maximum at $19,392 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($14,666 per ton) and the United States ($14,663 per ton), while the price for China ($14,663 per ton) and Switzerland ($14,663 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for vitamins; vitamin e and its derivatives, unmixeds amounted to $13,318 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2017 an increase of 51%. Over the period under review, the average export prices attained the peak figure at $18,762 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($13,320 per ton), while the average price for exports to Myanmar ($13,317 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 Cambodia (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of vitamins; vitamin e and its derivatives, unmixeds, when their volume decreased by -17.7% to 2.3K tons. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 93% against the previous year.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds rose rapidly to $34M in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 57% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8.018.523.728.853.3%
Switzerland2.41.94.12.3-1.4%
Germany2.71.32.01.5-17.8%
United States0.60.50.70.75.3%
Others0.90.90.70.8-3.9%
Total14.623.031.334.232.8%

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

  1. China (1961.7 tons)
  2. Switzerland (159.8 tons)
  3. Germany (104.4 tons)
  4. United States (50.1 tons)

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

In 2022, overseas shipments of vitamins; vitamin e and its derivatives, unmixeds decreased by -85.1% to 12 tons, falling for the second consecutive year after two years of growth. In general, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, the exports reached the peak of 90 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds reduced dramatically to $155K in 2022. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia28930238776.0-35.9%
Myanmar17.4N/A15668.858.1%
Cambodia0.5N/AN/A10.3174.1%
South KoreaN/AN/A303N/A0%
Japan289253196N/A-17.6%
BelgiumN/A736N/AN/A0%
Taiwan (Chinese)10874.0N/AN/A-31.5%
Netherlands20055.0N/AN/A-72.5%
Others66.92056.2N/A-69.6%
Total9701,6241,048155-45.7%

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

  1. Indonesia (5.7 tons)
  2. Myanmar (5.2 tons)
  3. Cambodia (0.8 tons)

Source: IndexBox Market Intelligence Platform

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