In 2023, Germany led global Vitamin B2 exports with a 40.93% share, showing a stable 1.56% increase from the previous year. China followed with 26.47%, experiencing a 2.7% rise. South Korea held 18.74% with a modest 1.06% uptick. Lithuania and Macedonia demonstrated remarkable growth. However, the Netherlands and Italy faced declines. Other notable changes include Russia's substantial increase of 23.25%, and Hungary's 27.95% rise. Conversely, Thailand saw a significant decrease of 13.37%.
Future trends to watch include the impact of emerging markets growing their production capacity, especially in Asia, potentially affecting China's dominance. Sustainability and health-focused trends may influence demand and production strategies globally.
Top countries in Export of Vitamin B2 Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.93 | 2023 | +1.37% | +1.56% | View data |
| 2 | 2 China | 26.47 | 2023 | +3.02% | +2.7% | View data |
| 3 | 3 South Korea | 18.74 | 2023 | +1.55% | +1.06% | View data |
| 4 | 4 Singapore | 4.75 | 2023 | -0.8% | +0.2% | View data |
| 5 | 5 United States | 2.27 | 2023 | +2.4% | +1.61% | View data |
| 6 | 6 Belgium | 1.1 | 2023 | -0.38% | +0.91% | View data |
| 7 | 7 Netherlands | 0.76 | 2023 | -22.12% | -20.29% | View data |
| 8 | 8 India | 0.63 | 2023 | +0.21% | +0.38% | View data |
| 9 | 9 Ireland | 0.6 | 2023 | +6.61% | +2.68% | View data |
| 10 | 10 Spain | 0.31 | 2023 | +1.72% | +3.34% | View data |
