Vitamin D Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

North America:

In the second quarter of 2023, the Vitamin D market in North America experienced a decline in prices. FOB New Jersey prices saw a decrease from $16,000 per metric tonne in April to $15,650 per metric tonne in June, marking a quarter-over-quarter decrease of -2.1%. This decline was attributed to cautious stocking by end-users in the pharmaceutical and nutraceutical industries in the United States, resulting in reduced demand for Vitamin D. The country’s inflation exhibited a downward trend influenced by changes in energy prices, with experts viewing this as a temporary shift due to easing supply chain pressures. Despite varied sentiments regarding vitamin and dietary supplement prices, the nutraceuticals market in the U.S. displayed a mixed pattern of market activity. The anticipation of rising labor wages potentially fueling inflation may prompt the Federal Reserve to consider raising rates again in July. However, uncertainties surrounding the overall economic state of the United States have led participants in the dietary supplement and food industries to adopt a cautious wait-and-see approach.

Asia Pacific:

In the second quarter of 2023, the vitamin D market in the Asia-Pacific region observed a weakening price trend. Discussions for FOB Qingdao, China, indicated a decrease from $10,590 per tonne in April to $9,900 per tonne in June 2023. This persistent price decline was driven by reduced demand for vitamin D from downstream pharmaceutical and nutraceutical sectors both domestically and internationally. Chinese vitamin D producers were compelled to sell the product at discounted margins due to diminished demand and consumer inquiries. China’s manufacturing activity experienced its third consecutive monthly contraction in June, albeit at a slower pace, according to statistics. The figures coincided with increasing pressure on authorities to implement additional stimulus measures to support an economy showing signs of leveling out after an initially robust post-COVID rebound in the first quarter. The June PMI revealed imbalances and vulnerabilities, including ongoing declines in domestic and external demand, accelerated small business activity declines, and heightened pressure on the country’s pharmaceutical and nutraceutical sectors.

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

Europe:

The domestic vitamin D market in Germany exhibited a bearish trend in the second quarter of 2023, with price discussions for CFR Hamburg dropping from USD 12,000 per tonne in April to USD 10,800 per tonne in June 2023. A key factor contributing to this price decline was reduced demand from downstream sectors amidst ample supplier inventories. In April, energy gas prices in Europe reached their lowest levels since the onset of the crisis, fostering optimism for a robust economic recovery and facilitating trade from Asia. However, German unemployment exceeded expectations in June, negatively impacting the market scenario. To preempt potential shortages in the future, retailers increased their stockpiles of Vitamin D, prompting them to lower price margins later in the quarter to manage inventories. Despite a more than 6% increase in inflation in Germany in June, the full impact on the country’s vitamin D industry remains uncertain. Market participants remain cautious about Germany’s economic situation, mirroring the global sentiment of uncertainty and cautious observation.