In 2023, China dominates the global export of Vitamin B1, accounting for 66.76% of export value, followed by Germany with 13.81% and the Netherlands with 4.46%. Among smaller contributors, Lithuania and Paraguay show significant growth with increases of 21.54% and 22.4% respectively, while the United Kingdom and Italy experience declines of 12.07% and 18.5%. Canada also demonstrates a notable increase with a 9.8% rise in export value.
Future trends to watch include:
- The sustained dominance of China and its influence on price and supply.
- Potential market share shifts due to emerging exporters like Lithuania.
- Impact of economic and political factors on major exporters like Germany and the United States.
- Innovation and technological advancements impacting production efficiency and export capabilities.
Top countries in Export of Vitamin B1 Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 66.76 | 2023 | +4.63% | +5.74% | View data |
| 2 | 2 Germany | 13.81 | 2023 | +1.14% | +2.2% | View data |
| 3 | 3 Netherlands | 4.46 | 2023 | +2.73% | +3.34% | View data |
| 4 | 4 India | 2.55 | 2023 | +4.75% | +2.98% | View data |
| 5 | 5 Singapore | 2.39 | 2023 | +1.29% | +1.32% | View data |
| 6 | 6 United States | 1.91 | 2023 | +3.18% | +2.22% | View data |
| 7 | 7 Japan | 1.73 | 2023 | +0.66% | +5.29% | View data |
| 8 | 8 Belgium | 1.34 | 2023 | +3.71% | +5.85% | View data |
| 9 | 9 France | 0.85 | 2023 | -0.17% | +3.09% | View data |
| 10 | 10 South Korea | 0.81 | 2023 | +4.24% | +7.19% | View data |
