Germany - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVitamin Prices in Germany Drop 6% to $12.6 per Kilogram
Germany Vitamin Import Price in December 2022
In December 2022, the vitamin price amounted to $12.6 per kg (CIF, Germany), shrinking by -5.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 29% month-to-month. As a result, import price attained the peak level of $15.9 per kg. From September 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($42.6 per kg), while the price for China ($9.5 per kg) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD Per Kg | |||||||||||||
| Netherlands | 13.1 | 20.4 | 13.5 | 18.9 | 13.8 | 14.7 | 15.9 | 15.7 | 12.0 | 13.7 | 16.0 | 12.9 | 10.8 |
| Denmark | 15.8 | 10.1 | 8.3 | 10.7 | 9.6 | 10.8 | 11.9 | 9.5 | 10.3 | 11.3 | 7.3 | 14.7 | 42.6 |
| Belgium | 7.5 | 8.2 | 16.1 | 8.2 | 12.3 | 21.6 | 14.1 | 11.8 | 15.0 | 12.6 | 11.8 | 17.4 | 23.8 |
| China | 9.5 | 9.2 | 8.9 | 8.4 | 8.8 | 11.3 | 9.4 | 8.9 | 13.3 | 11.3 | 8.0 | 10.5 | 9.5 |
| Switzerland | 16.4 | 16.6 | 18.3 | 16.7 | 16.6 | 19.6 | 19.6 | 20.1 | 27.1 | 15.3 | 18.7 | 15.5 | 18.1 |
| South Korea | 15.2 | 15.0 | 17.1 | 19.2 | 17.6 | 18.2 | 20.5 | 21.5 | 21.1 | 24.4 | 19.9 | 24.4 | 21.4 |
| Average | 11.4 | 11.5 | 11.2 | 10.8 | 10.9 | 13.6 | 13.4 | 12.3 | 15.9 | 13.9 | 12.0 | 13.3 | 12.6 |
Germany Vitamin Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In December 2022, the product with the highest price was vitamins; vitamin b12 and its derivatives, unmixed ($96.7 per kg), while the price for vitamins; vitamin c and its derivatives, unmixed ($3.8 per kg) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by vitamins; vitamin b12 and its derivatives, unmixed (+9.3%), while the prices for the other products experienced more modest paces of growth.
Germany Vitamin Imports
Vitamin imports into Germany skyrocketed to 4.9K tons in December 2022, rising by 19% compared with the previous month. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when imports increased by 41% m-o-m. Imports peaked at 8.4K tons in March 2022; however, from April 2022 to December 2022, imports stood at a somewhat lower figure.
In value terms, vitamin imports expanded rapidly to $62M (IndexBox estimates) in December 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in January 2022 with an increase of 41% m-o-m. Over the period under review, imports reached the peak figure at 91K tons in March 2022; however, from April 2022 to December 2022, imports failed to regain momentum.
Germany Vitamin Imports by Type
Vitamins; vitamin e and its derivatives, unmixed (2.1K tons), vitamins; vitamin c and its derivatives, unmixed (1.5K tons) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (606 tons) were the main products of vitamin imports to Germany, with a combined 86% share of total imports. These products were followed by vitamins; vitamins a and their derivatives, unmixed, vitamins; n.e.s. in heading no. 2936, including natural concentrates, vitamins; vitamin b2 and its derivatives, unmixed, vitamins; d- or DL-pantothenic acid (vitamin b3 or vitamin b5) and its derivatives, unmixed, vitamins; vitamin b6 and its derivatives, unmixed, vitamins; vitamin b1 and its derivatives, unmixed and vitamins; vitamin b12 and its derivatives, unmixed, which together accounted for a further 14%.
From December 2021 to December 2022, the biggest increases were in vitamins; vitamins a and their derivatives, unmixed (with a CAGR of +4.8%), while purchases for the other products experienced more modest paces of growth.
In value terms, vitamins; vitamin e and its derivatives, unmixed ($25M) constituted the largest type of vitamin supplied to Germany, comprising 40% of total imports. The second position in the ranking was taken by vitamins; vitamins a and their derivatives, unmixed ($11M), with a 17% share of total imports. It was followed by vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed, with a 17% share.
Germany Vitamin Imports by Country
In December 2022, China (3.1K tons) constituted the largest supplier of vitamin to Germany, with a 63% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (762 tons), fourfold. Switzerland (555 tons) ranked third in terms of total imports with an 11% share.
From December 2021 to December 2022, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (+1.0% per month) and Switzerland (+0.7% per month).
In value terms, China ($29M) constituted the largest supplier of vitamin to Germany, comprising 47% of total imports. The second position in the ranking was held by Switzerland ($10M), with a 16% share of total imports. It was followed by the Netherlands, with a 13% share.
From December 2021 to December 2022, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Switzerland (+1.6% per month) and the Netherlands (-0.7% per month).
This report provides an in-depth analysis of the vitamin market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
