Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia - 2024

Contents:

  1. Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia (FOB) - 2022
  2. Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia (CIF) - 2024
  3. Exports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia
  4. Imports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia

Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia (FOB) - 2022

The average export price for vitamins; vitamins a and their derivatives, unmixeds stood at $71,166 per ton in 2022, picking up by 22% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 78% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($104,777 per ton), while the average price for exports to Japan ($44,269 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 Vietnam (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia (CIF) - 2024

The average import price for vitamins; vitamins a and their derivatives, unmixeds stood at $16,753 per ton in January 2024, waning by -81.6% against the previous month. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in December 2023 an increase of 93% month-to-month. As a result, import price reached the peak level of $90,805 per ton, and then contracted rapidly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($246K per ton), while the price for China ($10,014 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia

In 2022, overseas shipments of vitamins; vitamins a and their derivatives, unmixeds decreased by -23.7% to 110 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year.

In value terms, exports of vitamins; vitamins a and their derivatives, unmixeds shrank to $7.9M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year.

Export of Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore1.50.60.93.330.1%
Denmark1.84.45.43.018.6%
Japan1.41.31.91.40.0%
PakistanN/AN/AN/A0.10%
Others0.20.70.3N/A22.5%
Total4.97.08.57.917.3%

Top Export Markets for Vitamins; Vitamins A and Their Derivatives, Unmixed from Malaysia in 2022:

  1. Denmark (44.4 tons)
  2. Japan (31.9 tons)
  3. Singapore (31.8 tons)
  4. Pakistan (1.9 tons)

Imports of Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia

In 2022, the amount of vitamins; vitamins a and their derivatives, unmixeds imported into Malaysia expanded markedly to 117 tons, increasing by 10% compared with the previous year. In general, imports, however, faced a deep slump.

In value terms, imports of vitamins; vitamins a and their derivatives, unmixeds rose notably to $5.6M in 2022. Over the period under review, imports showed modest growth. The growth pace was the most rapid in 2020 with an increase of 13%. As a result, imports attained the peak of $6.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Vitamins; Vitamins A and Their Derivatives, Unmixed in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,1232,1911,8121,138-18.8%
United States8541,4801,3399704.3%
Netherlands7.31.2200959408.4%
Switzerland9531,335891911-1.5%
Germany820497245623-8.8%
Singapore20982.320.341225.4%
India12418226518313.9%
Others3804245154324.4%
Total5,4696,1945,2885,6281.0%

Top Suppliers of Vitamins; Vitamins A and Their Derivatives, Unmixed to Malaysia in 2022:

  1. United States (26.3 tons)
  2. China (26.0 tons)
  3. Netherlands (20.3 tons)
  4. Switzerland (15.8 tons)
  5. Germany (11.0 tons)
  6. Singapore (7.5 tons)
  7. India (4.3 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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