Vitamin B1 in China

• China: 17495 USD/MT

In the fourth quarter of 2023, the price of vitamin B1 in the Chinese market rose to 17,495 USD per metric ton. The latest report by IMARC Group, titled "Vitamin B1 Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Vitamin B1 prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Vitamin B1 Prices December 2023:

• China: 17495 USD/MT

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The study delves into the factors affecting Vitamin B1 price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Vitamin B1 Price Trend- Q4 2023

The global market for vitamin B1, also known as thiamine, is experiencing growth driven by several key factors. The rising awareness among consumers about the importance of maintaining a balanced diet and preventing deficiencies is fueling demand for vitamin B1 supplements. Additionally, the growing prevalence of health conditions such as beriberi and Wernicke-Korsakoff syndrome, which are caused by thiamine deficiency, is increasing the need for supplementation. Moreover, the expanding geriatric population worldwide, coupled with the rising trend of health and wellness consciousness across all age groups, is boosting the consumption of vitamin B1-enriched products. Furthermore, the incorporation of thiamine in various pharmaceutical formulations and functional food and beverage products is driving market growth.

Vitamin B1 Market Analysis

The global vitamin B1 market size reached 76 Thousand tones in 2023. By 2032, IMARC Group expects the market to reach 122 Thousand tones, at a projected CAGR of 5,40% during 2023-2032. In the final quarter of 2023, the North American market for vitamin B1 faced several obstacles, causing fluctuations in both prices and supply. Initially, the market grappled with restricted inventories, leading to a constrained availability of vitamin B1, primarily due to decreased trading engagements with key exporting countries. Additionally, demand for vitamin B1 remained steady during the quarter, spurred by consistent usage in the nutraceutical and healthcare industries. Moreover, inflationary forces and elevated transportation expenses played a role in an overall increase in prices. Whereas, in the Asia Pacific region, the final quarter of 2023 saw several factors affecting the vitamin B1 (Thiamine) market and prices. Initially, there was a mix of stable to heightened conditions, marked by increased new orders and sales. Nonetheless, the overall demand remained robust, fueled by inquiries from downstream industries. Furthermore, the supply of vitamin B1 ranged from low to moderate, resulting in a scarcity of the product in the market. Regarding individual country analysis, China emerged as a pivotal player in the vitamin B1 market. The country witnessed a rise in demand during the festive season, leading to a significant price upturn. However, market conditions were volatile, characterized by uncertainties in global demand and diminishing exports.

Throughout the fourth quarter of 2023, the pricing dynamics in the European vitamin B1 market were influenced by various factors. Initially, a scarcity of available stock led to price escalations. Furthermore, heightened energy prices and transportation expenses added to these upward price trends. Despite these challenges, demand for vitamin B1 remained consistent, buoyed by alleviating inflationary pressures and increasing consumer assurance. Germany, in particular, felt significant effects on pricing dynamics. The country observed a reduction in inflation, reaching its lowest point since the onset of the Russia-Ukraine conflict. This decrease in inflation bolstered consumer confidence and contributed to the ascent in vitamin B1 prices.

Browse Full Report:  https://www.imarcgroup.com/vitamin-b1-pricing-report

Key Points Covered in the Vitamin B1 Pricing Report:  

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Vitamin B1 Prices
• Price of Vitamin B1
• Vitamin B1 Demand & Supply
• Vitamin B1 Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Vitamin B1 Price Analysis
• Vitamin B1 Industry Drivers, Restraints, and Opportunities
• Vitamin B1 News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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