Research Report on China's Vitamin E Export 2023-2032
Vitamin E is a fat-soluble vitamin and is one of the major vitamin species. Vitamin E is used in pharmaceutical, feed, food and cosmetic industries, among which the feed industry is its main application area. With the economic development, people's health awareness and quality of life are gradually improving, and the demand for products such as vitamin E is growing, which promotes the expansion of the vitamin E market.
China is one of the major producers and exporters of vitamin E worldwide. According to CRI's analysis, China's vitamin E export volume generally shows fluctuating changes in 2018-2021. In 2019, China's vitamin E export volume decreases from 75,000 tons to 69,300 tons, down 7.63% y-o-y. In 2020-2021, China's vitamin E export volume increases continuously. In 2021, China exports 91,300 tons of vitamin E, up 30.92%.
In 2022, China's vitamin E exports declined due to the COVID-19 outbreak. From January to October 2022, China exported 63,100 tons of vitamin E, down 14.92% year-on-year.
In 2021, China exported vitamin E to more than ninety countries and regions worldwide. CRI analysis shows that by export volume, the U.S., Germany, the Netherlands, Brazil, Japan, Vietnam, Thailand, Canada, Singapore and Mexico are the major export destinations for vitamin E from China. In 2021, China exported 30,700 tons of vitamin E to the U.S., accounting for 33.63% of total vitamin E exports that year, with an export value of $281 million, or 32.94% of total exports.
In recent years, China has become a major global producer and exporter of vitamin E. CRI expects the global vitamin E market to gradually expand in size from 2023-2032, so China's vitamin E exports are expected to continue to grow.
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