We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
China - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Jun 26, 2023

China's Vitamin Price Drops Slightly to $8,432 per Ton

China Vitamin Export Price in April 2023

In April 2023, the vitamin price stood at $8,432 per ton (FOB, China), which is down by -3.7% against the previous month. In general, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in March 2023 an increase of 9.3% against the previous month. Over the period under review, the average export prices hit record highs at $11,706 per ton in June 2022; however, from July 2022 to April 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In April 2023, the country with the highest price was the United States ($10,564 per ton), while the average price for exports to Turkey ($5,345 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.3%), while the prices for the other major destinations experienced a decline.

COUNTRYExport Price of Vitamin in China (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
United States10,63512,80312,41913,14513,31411,35211,03110,89411,01811,7279,53312,15210,564
Netherlands12,24311,40812,60710,9539,5148,89810,1328,1739,2358,4999,98210,20910,531
India11,47715,40513,94415,13818,5708,9759,95511,6509,15810,7256,1539,77410,507
Belgium15,72213,56517,53010,72613,4068,6229,22810,3076,82210,9397,7069,10510,459
Singapore13,65112,27312,36010,16210,27611,6389,2819,37311,5949,0439,9598,2919,809
Thailand11,58513,38010,98310,1768,5139,2898,9689,0549,35910,1057,2997,9328,558
South Korea7,80210,18213,2889,9987,98911,5049,17210,6967,3649,1078,3078,6038,110
Germany10,1168,49011,21710,2917,4866,4528,7599,0947,1188,1508,0506,6877,988
Vietnam8,3139,38910,5269,9198,2817,6987,1196,3908,0597,3195,9386,9666,569
Brazil12,2097,9469,2278,2719,3737,6908,0379,3287,4497,0677,4998,0436,409
Japan7,1948,4218,5757,9836,6787,3787,1586,0257,4467,3217,8638,6446,032
Indonesia9,26210,55810,7449,7959,1987,0107,8637,6826,8258,1557,1267,7695,666
Turkey6,1038,9647,4938,8128,9777,7956,4515,7477,2925,9346,0796,2115,345
Average10,23410,91711,70610,63910,0128,9289,1518,5498,3808,9638,0048,7528,432

China Vitamin Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In April 2023, the product with the highest price was vitamins; vitamin B12 and its derivatives, unmixed ($219K per ton), while the average price for exports of vitamins; vitamin c and its derivatives, unmixed ($3,336 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for the following types: vitamins; vitamin e and its derivatives, unmixed (-0.0%), while the prices for the other products experienced a decline.

China Vitamin Exports

In April 2023, vitamin exports from China reduced to 28K tons, waning by -14.9% on the month before. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when exports increased by 23% month-to-month.

In value terms, vitamin exports declined significantly to $240M (IndexBox estimates) in April 2023. Over the period under review, exports continue to indicate a slight contraction. The growth pace was the most rapid in March 2023 when exports increased by 35% against the previous month.

China Vitamin Exports by Type

Vitamins; vitamin c and its derivatives, unmixed (15K tons) was the largest type of vitamin exported from China, accounting for a 53% share of total exports. Moreover, vitamins; vitamin c and its derivatives, unmixed exceeded the volume of the second product type, vitamins; vitamin e and its derivatives, unmixed (5.8K tons), threefold. The third position in this ranking was held by vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (3.4K tons), with a 12% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of export of vitamins; vitamin c and its derivatives, unmixed was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: vitamins; vitamin e and its derivatives, unmixed (-0.4% per month) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (+2.8% per month).

In value terms, the most traded types of provitamins and vitamins in China were vitamins; vitamin e and its derivatives, unmixed ($72M), vitamins; vitamin c and its derivatives, unmixed ($50M) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($35M), together accounting for 66% of total exports. Vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; vitamin B12 and its derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed and vitamins; n.e.s. in heading no. 2936, including natural concentrates lagged somewhat behind, together accounting for a further 34%.

Among the main product categories, vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, with a CAGR of +2.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

China Vitamin Exports by Country

the United States (6K tons) was the main destination for vitamin exports from China, accounting for a 21% share of total exports. Moreover, vitamin exports to the United States exceeded the volume sent to the second major destination, Germany (2.5K tons), twofold. The third position in this ranking was taken by the Netherlands (2.1K tons), with a 7.5% share.

From April 2022 to April 2023, the average monthly growth rate of volume to the United States totaled -1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (-3.0% per month) and the Netherlands (+1.7% per month).

In value terms, the United States ($64M) remains the key foreign market for vitamin exports from China, comprising 26% of total exports. The second position in the ranking was held by the Netherlands ($22M), with a 9.3% share of total exports. It was followed by Germany, with an 8.4% share.

From April 2022 to April 2023, the average monthly growth rate of value to the United States amounted to -1.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (+0.4% per month) and Germany (-4.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vitamin market in China. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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

Recommended posts

Free Data: Provitamins And Vitamins - China
Table
Provitamins And Vitamins - China - Table
Dashboard
Provitamins And Vitamins - China - Dashboard
Report
Provitamins And Vitamins - China - Report