In 2023, Germany led the global export of Vitamin B2 with a significant share, followed by China and South Korea. China saw a notable year-on-year increase, indicating its growing influence in the market. South Korea and the United States showed moderate growth, while the Netherlands and Italy experienced declines. Emerging trends showed remarkable growth in Russia and Hungary, likely spurred by increased domestic production capabilities.
Looking forward, the Vitamin B2 export landscape is expected to witness significant shifts. Countries with emerging production capabilities, like Russia and Hungary, may increase their market share. Additionally, advancements in manufacturing technology and increasing global health awareness could lead to a rise in demand, benefitting major exporters like Germany and China.
Top countries in Export of Vitamin B2 by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,305,900 | 2023 | +1.37% | +1.56% | View data |
| 2 | 2 China | 3,431,000 | 2023 | +3.02% | +2.7% | View data |
| 3 | 3 South Korea | 2,429,300 | 2023 | +1.55% | +1.06% | View data |
| 4 | 4 Singapore | 615,260 | 2023 | -0.8% | +0.2% | View data |
| 5 | 5 United States | 293,890 | 2023 | +2.4% | +1.61% | View data |
| 6 | 6 Belgium | 142,730 | 2023 | -0.38% | +0.91% | View data |
| 7 | 7 Netherlands | 98,390 | 2023 | -22.12% | -20.29% | View data |
| 8 | 8 India | 81,150 | 2023 | +0.21% | +0.38% | View data |
| 9 | 9 Ireland | 77,230 | 2023 | +6.61% | +2.68% | View data |
| 10 | 10 Spain | 39,940 | 2023 | +1.72% | +3.34% | View data |
