Vitamin C is very important to human’s health, as it plays a vital role as an antioxidant. Ascorbic acid is the chemical name for vitamin C. Ascorbic acid is mainly used in pharmaceuticals, food & beverages, personal care and other industries. The most important segment of ascorbic acid’s end use industry, is pharmaceutical industry. About one-third of the total production of ascorbic acid is used for vitamin preparations in the pharmaceutical industry. In food & beverages industry, ascorbic acid is applied as an additive to enhance product quality and stability. China is the largest consumer and producer of ascorbic acid.
In 2016, the import volume of ascorbic acid(HS391390) reached 152.7 million kilograms in 99 countries and regions; USA, Germany, Japan became the top 3 import countries. In the same year, the export volume of ascorbic acid(HS391390) reached 158.2 million kilograms in 66 countries and regions; China, as the biggest export country, accounting for 82.9% of global total export. The following countries are Germany with 4.8% and USA with 3.4%. China has been the top 1 export countries for over 15 years.
Ascorbic acid(Vitamin C) world export share in 2016
HS: 293627-Vitamin C and its derivatives
Source: UN Comtrade (2016)
China was the biggest export country of ascorbic acid(Vitamin C) (HS Code 293627) in 2016, followed by Germany and USA. Germany and USA are also the top 2 importers of ascorbic acid(Vitamin C) from China.
The export volume of ascorbic acid(Vitamin C) (HS Code 293627) from China, increased 6% in 2016. USA, Germany, Japan, Netherlands and Brazil, are still the top 5 importers of ascorbic acid(Vitamin C) from China. Poland newly ranked in top 10 in 2016.
China is the largest producer and exporter of ascorbic acid. The market demand of ascorbic acid is around 150 thousand tonnes, and nearly 85% coming from China. The price of ascorbic acid has increased steadily, since the second half of 2016. The environment protection policy in China played a vital role in this price change. And two major manufacturers are requested to stop production in the end of 2016, reducing 40% of ascorbic acid supply. The shortage in ascorbic acid supply, reduction of inventory and growing cost lead to the increase of ascorbic acid price.
The top 10 Xanthan Gum world export countries in 2016