The import volume of Vitamin B12 in China has shown significant variability over the past decade. In 2023, the import stood at 27.48 thousand kilograms, marking a 3.47% increase over the previous year. Notably, 2016 witnessed the highest year-on-year spike of 134.63%, while 2017 saw the steepest decline of 34.6%. Over the past five years, the average CAGR was 1.57%. Looking ahead, the forecast from 2024 to 2028 predicts an annual growth rate of 2.28%, resulting in an 11.91% overall increase by 2028.

Future trends to watch for:

Potential impact of trade policies and tariffs on import volumes.
Shifts in domestic production capabilities affecting import demand.
Changes in dietary supplement consumption patterns driven by consumer health awareness.