Vitamin D (Calciferol) Prices: In the second quarter of 2023 | ChemAnalyst

North America:

Throughout the second quarter of 2023, the Vitamin D market in North America witnessed a decline in prices. The FOB New Jersey prices dropped from $16,000 per metric tonne in April to $15,650 per metric tonne in June 2023, marking a quarter-over-quarter decrease of -2.1%. This decline was primarily attributed to cautious stocking practices within the pharmaceutical and nutraceutical industries, resulting in reduced demand for Vitamin D in the United States. Inflation in the country followed a downward trajectory, largely influenced by fluctuations in energy prices. Experts suggested that this decrease in inflation might be temporary, linked to the easing of supply chain pressures. Despite mixed sentiments surrounding vitamin and dietary supplement prices, the nutraceuticals market in the United States exhibited varying levels of market activity. Meanwhile, the ongoing rise in labor wages in the nation could continue to contribute to inflation, potentially prompting the Federal Reserve to consider rate hikes in July. Nevertheless, the uncertainty regarding the state of the U.S. economy has led participants in the dietary supplement and food industries to adopt a cautious, wait-and-see approach.

Asia Pacific:

During the second quarter of 2023, the Vitamin D market in the Asia-Pacific region experienced a weakening price trend. Discussions for FOB Qingdao, China, revealed a decline from $10,590 per tonne in April to $9,900 per tonne in June 2023. This decline was primarily driven by a persistent drop in demand for vitamin D from pharmaceutical and nutraceutical sectors, both domestically and internationally, throughout the first half of the quarter. To address reduced demand and consumer inquiries, Chinese vitamin D producers were compelled to offer their products at discounted prices. China’s manufacturing activity contracted for the third consecutive month in June, albeit at a slower pace, according to statistical data. These developments come amid mounting pressure on authorities to implement additional stimulus measures to support an economy that has plateaued following an initially strong post-COVID rebound in the first quarter. June’s PMI also highlighted various imbalances and vulnerabilities, including sustained declines in domestic and external demand, a growing slump in small business activity, and heightened pressure on the pharmaceutical and nutraceutical sectors.

Get Real Time Prices of Vitamin D: https://www.chemanalyst.com/Pricing-data/vitamin-d-1259

Europe:

In the second quarter of 2023, the domestic Vitamin D market in Germany displayed a bearish trend, with CFR Hamburg price discussions declining from USD 12,000 per tonne in April to USD 10,800 per tonne in June 2023. Reduced demand from downstream sectors, coupled with ample supplier inventories, was a key driver behind this price decrease in the German market. In April, energy gas prices in Europe reached their lowest levels since the start of the crisis, instilling optimism for a stronger economic recovery and boosting trade from Asia. Conversely, German unemployment rates exceeded expectations in June, negatively impacting market conditions. To avert potential future shortages, retailers stockpiled Vitamin D products in warehouses, subsequently lowering their price margins later in the quarter to reduce inventories. Inflation in Germany rose by more than 6% in June, although its impact on the Vitamin D industry remains uncertain. Market participants remain cautious about the country’s economic outlook, mirroring sentiments worldwide and maintaining a cautious stance.