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With most of the worlds’ Vitamin C (Ascorbic
Acid) being supplied by manufacturers in China, the market continues
to be controlled through both pricing and supply. Historical fluctuations
go as far back as 2004 and continued through 2007 as the recession
took over in the global market. According to a report by CNutrInfo,
Ltd., the average export price for Vitamin C increased from $4.70
in 2007 to $8.00 in 2008. As the recession continues, Chinese manufacturers
continue to control and dominate the Vitamin C market via the hike
in manufacturing cost and a monopoly of the market. Estimated figures
reflect a manufacturing cost increase of $3.66 (2007) to $4.68 (2008)
per kilo. Other factors affecting the market price include back-logged
orders, weather conditions and profit rates which have continued through
2009.
The global demand for Vitamin C continues to be relatively
high in comparison to previous years. The market will need to adjust
pricing to continue the flow of manufacturing and distribution of
this essential ingredient used in thousands of finished products.
As one of the main ingredients in nearly all multi-vitamins and
other products used to treat various diseases and ailments, the
Chinese market that holds 90% of the world’s intake will never
be without a constant demand.
For more information on Vitamin C, visit www.vitamincfoundation.org
Source: Live-PR: Public Relations & News
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