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

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

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Jul 27, 2023

Slight Increase in Netherlands' Price for Vitamins to $17.8 per kg

Netherlands Vitamin Export Price in April 2023

In April 2023, the vitamin price stood at $17,763 per ton (FOB, Netherlands), rising by 3.4% against the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in November 2022 an increase of 8.2% month-to-month. Over the period under review, the average export prices attained the maximum at $18,835 per ton in January 2023; however, from February 2023 to April 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In April 2023, the country with the highest price was the United States ($29,562 per ton), while the average price for exports to Thailand ($9,889 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 the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Vitamin in Netherlands (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
United States16,35717,61919,94621,18521,52120,33921,25922,27223,17321,59420,50321,51829,562
Hungary15,03615,2487,58116,73110,57811,3057,99713,36620,87821,82019,12511,32926,555
China21,94423,00214,60916,77118,68421,44617,76520,96922,04425,08719,37419,24125,106
Singapore20,51824,17626,35216,37116,93217,93917,28222,63919,57521,47928,63221,58323,915
Spain13,99017,26218,53214,64114,91214,54112,80316,91620,10917,54121,40418,41016,615
Poland18,11419,06618,82016,10521,63415,61115,72418,56713,86420,83818,75519,15415,839
Germany13,75012,97412,85513,01613,48714,40115,54714,24514,62218,32314,75913,81615,076
Turkey38,23712,42825,30121,27017,93333,39618,82817,42116,01014,71714,49416,54914,409
United Kingdom12,97313,42816,50012,52716,72117,54513,00713,44215,63014,53015,94214,55714,042
France14,05911,70710,68811,80312,3849,94311,40911,63813,62212,08613,71612,62613,582
Belgium13,42215,13813,69412,44911,65312,16811,65012,30412,83711,98811,87013,16812,998
Italy14,58414,22615,68813,24915,59816,66213,82516,40925,03119,03422,31014,07612,581
Thailand15,2829,85315,97123,42729,95126,39218,08814,58516,37414,32319,13219,8739,889
Average15,69816,01016,54915,75116,65115,65115,88217,18017,69318,83518,39017,17117,763

Netherlands 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 ($88,408 per ton), while the average price for exports of vitamins; vitamin c and its derivatives, unmixed ($9,723 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 B2 and its derivatives, unmixed (+2.6%), while the prices for the other products experienced more modest paces of growth.

Netherlands Vitamin Exports

In April 2023, the amount of provitamins and vitamins exported from the Netherlands reduced notably to 4.7K tons, dropping by -37% against March 2023. In general, exports showed a pronounced contraction. The most prominent rate of growth was recorded in March 2023 with an increase of 20% m-o-m.

In value terms, vitamin exports fell sharply to $83M (IndexBox estimates) in April 2023. Over the period under review, exports saw a pronounced setback. The most prominent rate of growth was recorded in November 2022 with an increase of 24% against the previous month. As a result, the exports reached the peak of $132M. From December 2022 to April 2023, the growth of the exports remained at a lower figure.

Netherlands Vitamin Exports by Type

Vitamins; vitamin e and its derivatives, unmixed (1.4K tons), vitamins; vitamin c and its derivatives, unmixed (1K tons) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (762 tons) were the main products of vitamin exports from the Netherlands, with a combined 69% share of total exports. These products were followed by vitamins; n.e.s. in heading no. 2936, including natural concentrates, vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed and vitamins; vitamin B12 and its derivatives, unmixed, which together accounted for a further 31%.

From April 2022 to April 2023, the biggest increases were in vitamins; n.e.s. in heading no. 2936, including natural concentrates (with a CAGR of -0.7%), while shipments for the other products experienced a decline.

In value terms, the most traded types of provitamins and vitamins in the Netherlands were vitamins; vitamin e and its derivatives, unmixed ($19M), vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($16M) and vitamins; vitamin c and its derivatives, unmixed ($10M), with a combined 55% share of total exports. Vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; n.e.s. in heading no. 2936, including natural concentrates, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed and vitamins; vitamin B12 and its derivatives, unmixed lagged somewhat behind, together comprising a further 45%.

Among the main product categories, vitamins; vitamin B6 and its derivatives, unmixed, with a CAGR of +0.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.

Netherlands Vitamin Exports by Country

Germany (672 tons), France (460 tons) and the United States (403 tons) were the main destinations of vitamin exports from the Netherlands, with a combined 33% share of total exports. Belgium, Poland, Singapore, the UK, Italy, Turkey, Spain, China, Thailand and Hungary lagged somewhat behind, together accounting for a further 46%.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +3.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vitamin exported from the Netherlands were the United States ($12M), Germany ($10M) and France ($6.2M), with a combined 34% share of total exports. Singapore, Poland, Belgium, the UK, China, Italy, Spain, Turkey, Hungary and Thailand lagged somewhat behind, together accounting for a further 42%.

Hungary, with a CAGR of +6.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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

  • Netherlands

Data coverage:

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