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Canada - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Canada - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights

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Sep 2, 2023

Price of Vitamins Drops Significantly to $12.8 per kg in Canada

Canada Vitamin Import Price in June 2023

In June 2023, the vitamin price amounted to $12,803 per ton (CIF, Canada), with a decrease of -15.2% against the previous month. Overall, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in February 2023 an increase of 19% m-o-m. Over the period under review, average import prices attained the peak figure at $19,863 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($22,481 per ton), while the price for China ($11,033 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.0%), while the prices for the other major suppliers experienced a decline.

Canada Vitamin Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Vitamin in Canada (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
Germany22,39525,99237,47729,71825,27219,35521,77721,83118,99526,84615,46315,38422,481
United Kingdom21,77623,67127,46023,79021,64924,29131,29429,27329,83625,33331,68825,61821,756
India14,98198,85944,28019,41126,7566,39919,20512,7844,46210,95440,86618,55713,922
France15,00022,29212,32728,18529,98840,23918,07628,45242,09329,37518,28514,95512,857
United States17,49423,07820,53722,14517,58820,56616,88519,37021,03319,14018,74220,11512,759
Switzerland25,45665,67549,69434,50727,26026,67127,35318,75424,45916,73621,78517,99211,694
China12,78711,73511,95912,48412,59813,44610,0179,88313,06410,0209,94210,67611,033
Average16,21618,11417,70019,86317,27418,87514,91315,94918,98115,66714,85115,10112,803

Canada Vitamin Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was vitamins; vitamin B12 and its derivatives, unmixed ($49,525 per ton), while the price for vitamins; vitamin c and its derivatives, unmixed ($4,287 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by vitamins; vitamin B12 and its derivatives, unmixed (+6.7%), while the prices for the other products experienced more modest paces of growth.

Canada Vitamin Imports

In June 2023, purchases abroad of provitamins and vitamins was finally on the rise to reach 1.3K tons after two months of decline. In general, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in March 2023 when imports increased by 19% against the previous month.

In value terms, vitamin imports reached $17M (IndexBox estimates) in June 2023. Over the period under review, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in January 2023 with an increase of 17% against the previous month.

Canada Vitamin Imports by Type

Vitamins; vitamin c and its derivatives, unmixed (443 tons), vitamins; vitamin e and its derivatives, unmixed (303 tons) and vitamins; n.e.s. in heading no. 2936, including natural concentrates (299 tons) were the main products of vitamin imports to Canada, together accounting for 78% of total imports.

From June 2022 to June 2023, the biggest increases were in vitamins; n.e.s. in heading no. 2936, including natural concentrates (with a CAGR of +4.9%), while purchases for the other products experienced a decline.

In value terms, vitamins; n.e.s. in heading no. 2936, including natural concentrates ($4.6M), vitamins; vitamin e and its derivatives, unmixed ($4.4M) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($3.8M) constituted the most imported types of provitamins and vitamins in Canada, with a combined 75% share of total imports.

Canada Vitamin Imports by Country

The United States (614 tons), China (420 tons) and France (113 tons) were the main suppliers of vitamin imports to Canada, together accounting for 86% of total imports. These countries were followed by Switzerland, India, Germany and the UK, which together accounted for a further 11%.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +3.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest vitamin suppliers to Canada were the United States ($7.8M), China ($4.6M) and France ($1.5M), together accounting for 81% of total imports. These countries were followed by India, Switzerland, Germany and the UK, which together accounted for a further 14%.

In terms of the main suppliers, India, with a CAGR of +2.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vitamin market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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