In 2023, China dominated the global export market of Vitamin B12 with a 54.83% share. France and Japan followed with 17.15% and 14.71%, respectively. The United States, India, and other countries posted minimal shares. Noteworthy changes included Japan’s significant increase of 28.2%, Lithuania’s 6.32% rise, and Slovenia’s impressive 30.45% growth. Conversely, countries like Italy and Mexico saw declines of 8.67% and 11.13%, respectively.
Future trends to watch include the impact of rising production costs in dominant countries, potential shifts in global trade policies, and the emerging role of new market players enhancing manufacturing capabilities. Surveillance of China and Japan, due to their large market shares and growth trends, will be critical, while smaller countries may benefit from niche market strategies.
Top countries in Export of Vitamin B12 Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 54.83 | 2023 | +4.35% | +4.51% | View data |
| 2 | 2 France | 17.15 | 2023 | +2.7% | +2.02% | View data |
| 3 | 3 Japan | 14.71 | 2023 | +5.29% | +28.2% | View data |
| 4 | 4 Spain | 3.82 | 2023 | +2.39% | +1.21% | View data |
| 5 | 5 United States | 2.75 | 2023 | +2.01% | -0.13% | View data |
| 6 | 6 India | 1.31 | 2023 | +3.4% | +0.34% | View data |
| 7 | 7 Germany | 1.06 | 2023 | +3.49% | +1.64% | View data |
| 8 | 8 Singapore | 0.89 | 2023 | -0.58% | +2.28% | View data |
| 9 | 9 Belgium | 0.88 | 2023 | +3.94% | +3.74% | View data |
| 10 | 10 United Arab Emirates | 0.84 | 2023 | +6.46% | +0.77% | View data |
