Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria - 2023
Contents:
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria (CIF) - 2022
- Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria (FOB) - 2022
- Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria
- Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria (CIF) - 2022
In 2022, the average import price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $7,635 per ton, reducing by -15.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 114% against the previous year. As a result, import price reached the peak level of $24,179 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,475 per ton), while the price for South Korea ($237 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria (FOB) - 2022
In 2022, the average export price for vitamins; vitamin B1 and its derivatives, unmixeds amounted to $24,000 per ton, growing by 2.1% against the previous year. Overall, the export price, however, recorded a abrupt descent. Over the period under review, the average export prices hit record highs at $64,182 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ireland.
From 2015 to 2022, the rate of growth in terms of prices for Ghana amounted to +28.4% per year.
Imports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria
In 2022, supplies from abroad of vitamins; vitamin B1 and its derivatives, unmixeds decreased by -32.6% to 37 tons, falling for the second year in a row after two years of growth. In general, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 73%. As a result, imports reached the peak of 60 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vitamins; vitamin B1 and its derivatives, unmixeds dropped markedly to $281K in 2022. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 17%. As a result, imports attained the peak of $587K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 164 | 312 | 219 | 231 | 12.1% |
| Israel | 150 | 48.1 | 25.2 | 20.3 | -48.7% |
| Belgium | 4.6 | 20.3 | 13.3 | 15.0 | 48.3% |
| Germany | 28.6 | 15.4 | 33.3 | 7.7 | -35.4% |
| United Kingdom | 5.0 | 0.8 | 1.8 | 2.8 | -17.6% |
| India | 17.0 | 29.4 | 33.6 | 2.2 | -49.4% |
| South Korea | N/A | N/A | N/A | 0.9 | 0% |
| South Africa | 73.3 | 87.4 | 74.6 | N/A | 0.9% |
| Georgia | N/A | 8.1 | N/A | N/A | 0% |
| Others | 60.2 | 65.8 | 91.2 | 1.1 | -73.7% |
| Total | 503 | 587 | 492 | 281 | -17.6% |
Top Suppliers of Vitamins; Vitamin B1 and Its Derivatives, Unmixed to Nigeria in 2022:
- China (25.7 tons)
- South Korea (3.8 tons)
- Israel (3.3 tons)
- Belgium (2.5 tons)
- United Kingdom (0.6 tons)
- Germany (0.6 tons)
- India (0.2 tons)
Exports of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria
In 2022, approx. 2 kg of vitamins; vitamin B1 and its derivatives, unmixeds were exported from Nigeria; declining by -75% compared with the year before. In general, exports saw a significant decline.
In value terms, exports of vitamins; vitamin B1 and its derivatives, unmixeds shrank remarkably to $48 in 2022. Over the period under review, exports recorded a precipitous descent.
| Export of Vitamins; Vitamin B1 and Its Derivatives, Unmixed in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Ireland | N/A | 24.0 | 0% | ||
| Canada | 188 | N/A | 0% | ||
| Others | N/A | 24.0 | 0% | ||
| Total | 188 | 48.0 | -74.5% | ||
Top Export Markets for Vitamins; Vitamin B1 and Its Derivatives, Unmixed from Nigeria in 2022:
- 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.
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This report provides an in-depth analysis of the global vitamin market.
254
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.
386
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.
1458
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...
864
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...
254
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.
386
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.
1458
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...
864
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...
