Vitamin D3 Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Vitamin D3 in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Vitamin D3 Price Trend for the Q1 of 2024

Asia

Vitamin D3, or Cholecalciferol, is an important micronutrient that is pivotal for bone and muscle health. Cholecalciferol is an important supplementary product that is used both as a pharmaceutical and nutraceutical product. During the first quarter of the year 2024, the market trajectory for vitamin D3 was largely optimistic. The downstream demands were consistently rising.

Vitamin D3 Price Chart

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In today's day and age when work and lifestyles have become so sedentary and indoors, the sunlight exposure is getting more and more reduced. Thus, the general population is increasingly facing a deficiency of Vitamin D3. Thus, the demands continued on the inclined trajectory and kept pulling the prices up. Still, because of regulations, the prices were largely consolidated despite the demand surge.

Europe

In the European market, the vitamin D3 prices acquired an upward wavering pattern for the entire span of Q1'24. The price trend gave out mild fluctuations following the demand transitions. In the European market, the depreciation of the Euro against the US Dollar had caused a general incline in commodity prices. The vitamin D3 prices also observed a consistent yet swift incline in downstream demands.

The rising vitamin D3 insufficiency and deficiency kept the markets inching up even though the demands for other commodities were seeing a decline in the region following the economic uncertainties and rising economic inflation. But the, healthcare was still an engaging sector as people paid attention to building and rebuilding health. Thus, a moderate market performance was witnessed.

North America

The market sentiments in the North American vitamin D3 market were no different than the Asian and European markets. As per NCBI, more than 50% of people in this world have vitamin D3 insufficiency. That raises the customer base incredibly high. Observing this, the suppliers tried to increase supply volumes throughout the said period. Both supply and demand volumes remained positive, which maintained the parity between the supply and demand outlooks of Vitamin D3. A balanced and northward oscillating price trajectory was witnessed for Q1'24.

Analyst Insight

According to Procurement Resource, the Vitamin D3 price trends are likely to remain balanced and optimistic in the near quarter as well. The demand trajectory is positively inclined to the coming future.

Vitamin D3 Price Trend for the October - December of 2023

Asia

The fluctuations in the vitamin D3 price trend from the previous quarters were also seen in the last quarter of 2023. The vitamin D3 market saw an increased interest from Russian and European traders in the Asian markets as the imports from these regions flooded the Asian countries at the end of the quarter.

On the other hand, the demand outlook from the consumer sector was favorable for the market trend in the initial phase of the quarter only. As the quarter progressed towards its termination, the consumers adopted a need-to-basis approach, due to which some traders had to reduce their production outputs, causing a downward movement in vitamin D3 price trend.

Europe

The weak demand from the consumer sector due to the meek economic condition of the European countries hinted towards the onset of a recession-like trend in the region during the last quarter of 2023. The market registered significant losses in terms of exports because of the rising geopolitical tensions accelerated by the Isarael-Hamas crisis and additional sanctions on Russian imports.

Due to the challenging conditions in the market, the manufacturers noticed a gradual rise in the cost of raw materials and energy production, which, amid the depleting demand for vitamin D3, only led to a reduction in production outputs.

North America

The scenario of vitamin D3 price trend in the US was similar to what was observed in the European and Asian countries. The traders here struggled with an imbalance of supply and demand throughout the fourth quarter of 2023. Further, the slow growth of the economy and limited support from the upstream crude oil and naphtha prices made the recovery of vitamin D3 price trend at the end of the quarter nearly impossible. The additional pressure of loss of trade due to the disruption of domestic and overseas freight routes, at last, prompted the traders to lower the quoted vitamin D3 prices.

Analyst Insight

According to Procurement Resource, the price trend of Vitamin D3 are estimated to oscillate in the upcoming quarters as the market is expected to bear the dire consequences of rising trade route disruptions.

Vitamin D3 Price Trend for the July-September of 2023

Asia

The Asian vitamin D3 market experienced a price depreciation throughout the said period of Q3’23. The downstream demands were observed to be unsupportive of the vitamin D3’s market dynamics. Since the nutraceutical sector enjoyed a demand surge in the past couple of years, the market has grown phenomenally well; particularly because of the Covid-19 pandemic, the awareness about immunity increased in the general population. So, more companies came into the market, and the existing manufacturers ramped up their production.

Since the competition increased in the vitamin D3 market, the prices started coming down. With this rapid supply influx, the gap between the supply and demand outlooks rose notably despite the regular and moderate demands. All these factors affected the vitamin D3 price trend negatively, and the price graph remained downward-facing throughout the discussed period. Overall, dull market trend were observed.

Europe

The European vitamin D3 market was more positive than the Asian market; the prices rose steadily throughout the third quarter. The end consumer demands were high, which led to the elevation in the vitamin D3 price graph. The long economic turbulence in the region over the past couple of years pushed suppliers to cut down on supply quantities; also, the supply and demand gap was very narrow. Thus, the market sentiments were largely positive during the said period.

North America

The North American vitamin D3 market almost mimicked the European market trend during the discussed period of Q3’23. The prices elevated during the entire period following the downstream demands.

Analyst Insight

According to Procurement Resource, the vitamin D3 price trend are likely to fluctuate regionally in the coming months. The unsettled supply and demand dynamics will push the price trend in the global markets.

Vitamin D3 Price Trend for First Half of 2023

Asia

The market for vitamin D3 witnessed a bearish trend in the first and second quarters of 2023. The major cause of this poor performance of the vitamin D3 price trend was the reduction in demand from the downstream industries, such as pharmaceutical and nutraceutical industries.

The rates of offtakes from international consumers also remained at lower levels, which resulted in high levels of inventories. To curb the rise in stockpiles, the traders had to offer compromised prices of vitamin D3, which resulted in a decline in its price trend. In addition to this, the poor performance of the economy and the aftereffects of COVID restrictions hampered the growth of the vitamin D3 price trend.

Europe

In the first quarter of 2023, the market for vitamin D3 was supported by high demand and a rise in rates of offtakes from the domestic and international markets. The trajectory remained positive for the whole quarter, with the positive supply from the Chinese markets that helped in overcoming the region's high pressure of inflation.

However, the second quarter faced strong economic challenges, low cost of energy, and poor performance of downstream industries. In addition to this, rising stockpiles forced traders to reduce their price quotations, and thus, the price trend of vitamin D3 declined in European countries.

North America

As seen in the European region, the price trend of vitamin D3 inclined in the first quarter of 2023 but fell consistently in the second. The first quarter was supported by consistent growth of downstream industries and positive trading activities. However, the second quarter was hit by surging rates of inflation, downward movement of energy production costs, and low rates of offtakes from the downstream industries.

Analyst Insight

According to Procurement Resource, the price trend of Vitamin D3 is expected to decline in the upcoming months as the downstream industries showcase a significant decline in demand.

Procurement Resource provides latest prices of Vitamin D3. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.