The global export distribution of Vitamin B3 and B5 is heavily dominated by China, which holds 67.96% of the total share by volume in 2023. Belgium and the Netherlands follow but with significantly smaller shares of 14.14% and 4.88%, respectively. Noteworthy growth was observed in Australia, Denmark, and Thailand, which experienced significant year-on-year increases in export volume, while Brazil and El Salvador noted declines. Most countries showed positive year-on-year variations, with previous steady climbs in exports from emerging players like Denmark and India.
Future trends to watch include potential shifts in dominance should China’s growth stabilize or decline, while countries with rising export volumes like Australia may increase their market share. Additionally, geopolitical factors could influence shifts in global trade policies affecting export volumes. Monitoring technological advancements in production and the ongoing global emphasis on health and wellness could drive growth in these vitamins' export market.
Top countries in Export of Vitamin B3 and B5, D- or Dl-Panthothenic Acid Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 67.96 | 2023 | +3.37% | +3.59% | View data |
| 2 | 2 Belgium | 14.14 | 2023 | +3.4% | +3.2% | View data |
| 3 | 3 Netherlands | 4.88 | 2023 | -2.2% | -0.32% | View data |
| 4 | 4 Singapore | 3.24 | 2023 | -0.74% | +1.56% | View data |
| 5 | 5 United States | 2.22 | 2023 | +1.61% | -1.18% | View data |
| 6 | 6 Spain | 0.65 | 2023 | +4.18% | +4.44% | View data |
| 7 | 7 Denmark | 0.61 | 2023 | +4.12% | +12.26% | View data |
| 8 | 8 Australia | 0.5 | 2023 | +4.8% | +53.32% | View data |
| 9 | 9 France | 0.42 | 2023 | -21.12% | -12.32% | View data |
| 10 | 10 South Korea | 0.17 | 2023 | +5.3% | +1.01% | View data |
