Vitamin C Price in China

• China: 2425 USD/MT

In December of Q4 2023, the price of vitamin C in China soared to 2425 USD/MT. The report furnishes stakeholders with timely and pertinent information by delineating the latest developments, updates, and trend influencing the global vitamin C market.

The latest report by IMARC, titled "Vitamin C Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Vitamin C  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 C Prices December 2023:

• China: 2425 USD/MT
• Germany: 2745 USD/MT

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The study delves into the factors affecting  Vitamin C  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 C Price Trend- Q4 2023

The vitamin C market is primarily driven by its crucial role in health and wellness, coupled with its extensive use across diverse sectors such as pharmaceuticals, cosmetics, and food & beverages. A primary driver of the market is the increased consumer awareness about health maintenance and disease prevention through dietary supplements, which has led to a surge in demand for vitamin C as an immune booster. Additionally, the pharmaceutical industry utilizes vitamin C in various formulations, enhancing its market demand. The cosmetic industry also significantly contributes to the growth of the vitamin C market, where it is prized for its antioxidant properties that aid in skin protection and rejuvenation. Furthermore, the fortification of food and beverages with vitamin C to improve nutritional content has become a common practice, driven by consumer demands for healthier food options. This widespread application across sectors, combined with a growing focus on health and wellness is propelling the market growth.

Vitamin C Market Analysis

The global vitamin C market size reached US$ 1.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.1 Billion, at a projected CAGR of 6.00% during 2023-2032. Over the last quarter, vitamin C prices have been influenced by several factors, including supply chain disruptions, raw material availability, and changes in market demand. A major factor affecting the supply side has been the disruption in the supply chains due to ongoing global logistical challenges. These include delays at major ports and disruptions in the shipping industry, which have led to a scarcity of raw materials needed to produce vitamin C, particularly ascorbic acid. vitamin C production relies heavily on the availability and cost of these raw materials, and any delay can significantly impact overall production costs and market prices. Along with that, the demand for vitamin C has seen a substantial increase due to its perceived efficacy in boosting immune health amid the global health crisis. This increased demand has put additional pressure on the supply chains, leading to a spike in prices. Manufacturers and suppliers have struggled to keep up with the sudden rise in demand, which has been particularly strong in regions hit hardest by health concerns. The pricing of vitamin C has been sensitive to fluctuations in the cost of energy and labor. As manufacturing and distribution require substantial energy input, the rising costs in these areas have been passed on to consumers in the form of higher prices for vitamin C products. Additionally, regulatory and market dynamics in key producing countries have also played a significant role in shaping the pricing landscape for vitamin C. For instance, changes in export tariffs and trade policies in countries like China, a major producer of vitamin C, have influenced global market prices. When these countries adjust their export strategies or face production issues due to regulatory changes, it directly impacts global supply and pricing. The cumulative effect of these supply and demand factors, along with economic and regulatory changes, has led to the observed fluctuations in vitamin C prices during the last quarter, highlighting the complex interplay of global market forces. In Q4 2023, there was a slowdown in the demand for vitamin C in the North American market. This was mainly as there were few inquiries and offtakes from end users, especially in the pharmaceutical and nutraceutical industries. The market showed signs of volatility, with supply remaining plentiful and demand somewhat skewed. vitamin C prices saw a positive start to the quarter at $3590/mt, but they ended the quarter at $3430/mt, a decrease. The vitamin C market in the Asia-Pacific area showed mixed results in the fourth quarter of 2023; some products saw price increases while others saw decreases. The Asia Pacific region, which includes China and India, saw a rise in vitamin C prices due to rising costs for raw materials and export pricing. Deflation was experienced in China, as evidenced by the -0.5% year-over-year decline in the Consumer Price Index. During the fourth quarter of 2023, the European market for vitamin C experienced difficulties for several reasons. Furthermore, there was a decline in end-user demand from the pharmaceutical, nutraceutical, and food and beverage (F&B) sectors.

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Key Points Covered in the Vitamin C Pricing Report:

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

• Vitamin C Prices
• Vitamin C Price Trend
• Vitamin C Demand & Supply
• Vitamin C Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Vitamin C Price Analysis
• Vitamin C Industry Drivers, Restraints, and Opportunities
• Vitamin C 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.

Browse More Pricing Reports by IMARC Group:

• Maize Price Trend
• Nitric Acid Price Trend

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

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