In 2023, China's export of Vitamin B2 accounted for the largest share at approximately 34.72% of the global market, followed closely by Germany at 33.14%. South Korea and Singapore also held significant shares, with 12.43% and 8.52% respectively. Noteworthy positive year-on-year growth rates were seen in countries like India and Ireland, while Canada and Poland experienced notable declines. Over a 5-year period, a significant improvement in exports was observed from Macedonia, New Zealand, and El Salvador, highlighting emerging players in the market.
Future trends to watch in the global Vitamin B2 export market include China’s continuous dominance, Germany’s stable performance, and the potential for growth in emerging markets such as Macedonia and India. Tracking the impact of geopolitical dynamics, trade policies, and technological advancements in production will also be crucial in forecasting shifts within this sector.
Top countries in Export of Vitamin B2 Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 34.72 | 2023 | +3.92% | +3% | View data |
| 2 | 2 Germany | 33.14 | 2023 | +2.44% | +1.18% | View data |
| 3 | 3 South Korea | 12.43 | 2023 | +2.3% | +1.47% | View data |
| 4 | 4 Singapore | 8.52 | 2023 | +2.52% | +1.01% | View data |
| 5 | 5 Netherlands | 3.14 | 2023 | -1.09% | -6.17% | View data |
| 6 | 6 United States | 2.81 | 2023 | +3.81% | +0.56% | View data |
| 7 | 7 Belgium | 2.53 | 2023 | +4.4% | +2.95% | View data |
| 8 | 8 India | 2.45 | 2023 | +3.63% | +3.66% | View data |
| 9 | 9 Ireland | 0.69 | 2023 | +6.06% | +6.32% | View data |
| 10 | 10 Spain | 0.62 | 2023 | +4.16% | +2.82% | View data |
