For the Quarter Ending June 2026
Vitamin D Prices in North America
- In the USA, the Vitamin D3 Price Index fell by 13.53% quarter-over-quarter, reflecting weaker exports.
- The average Vitamin D3 price for the quarter was approximately USD 17711.67/MT, reflecting subdued demand.
- Elevated prompt inventories pressured the Vitamin D3 Spot Price, prompting sellers to offer FOB discounts.
- Consensus Vitamin D3 Price Forecast shows mild June softness then gradual stabilization as restocking resumes.
- Competitive natural-gas inputs supported Vitamin D3 Production Cost Trend, preserving margins despite downward FOB pressure.
- Weak export appetite and softer retail supplement sales dim the near-term Vitamin D3 Demand Outlook.
- U.S. plants ran, but the Vitamin D3 Price Index stayed pressured by ample exportable availability.
- Major suppliers suspended quoting and trimmed offers, limiting market liquidity and pressuring short-term buying interest.
Why did the price of Vitamin D3 change in June 2026 in North America?
- Elevated Gulf Coast warehouse stocks reduced seller leverage, increasing willingness to offer prompt discounts.
- Weaker export inquiries from Latin America and Canada eased competition for U.S. FOB volumes.
- Stable feedstock and low natural-gas costs preserved production margins, removing cost-driven upward price pressure.
Vitamin D Prices in APAC
- In China, the Vitamin D Price Index rose by 8.13% quarter-over-quarter, driven by export enquiries.
- The average Vitamin D price for the quarter was approximately USD 12438.33/MT, reflecting stable demand.
- Supply stability maintained Vitamin D Spot Price while exporters absorbed higher freight and energy expenses.
- Vitamin D Price Forecast factors include steady feedstock, elevated energy costs, and constrained logistics availability.
- Vitamin D Production Cost Trend showed increases due to higher lanolin prices and elevated energy tariffs.
- Vitamin D Demand Outlook remains moderate as feed additive growth absorbs output, limiting spot buying activity.
- Two-week factory inventories and steady coastal dispatches supported the Vitamin D Price Index stability.
- Regional shipping disruptions and higher insurance premiums constrained exporters, moderating flexibility in Vitamin D offers.
Why did the price of Vitamin D change in June 2026 in APAC?
- Higher energy and lanolin costs raised processing expenses, prompting exporters to hold firmer FOB offers.
- Normal factory operating rates maintained supply, while buyers drew from inventories, reducing spot procurement pressure.
- Maritime rerouting and higher insurance premiums lengthened lead times, tightening prompt availability, nudging seller offers.
India
- In India, the Vitamin D Price Index rose by 7.96% quarter-over-quarter, reflecting freight-driven cost increases.
- Vitamin D Spot Price strengthened on coverage as Chinese offers tightened and logistics costs rose.
Vitamin D Prices in Europe
- In Germany, the Vitamin D Price Index rose by 7.84% quarter-over-quarter, reflecting import-led tightness and logistics increases.
- The average Vitamin D price for the quarter was approximately USD 13270.67/MT, reflecting CFR Hamburg levels.
- Vitamin D Spot Price remained supported by fast-clearing CFR offers and pre-April restocking by distributors.
- Vitamin D Price Forecast shows June correction then stabilization, influenced by inventory cover and muted purchasing.
- Vitamin D Production Cost Trend remained subdued as lanolin feedstock prices stayed flat, limiting upward pressures.
- Vitamin D Demand Outlook stays resilient from nutraceutical and fortification segments, offsetting seasonal post-winter weakening channels.
- Vitamin D Price Index exhibited steady gains as exporters raised offers and freight-driven landed costs elevated spot prices.
- Inventories remained adequate near four to five weeks, limiting urgent imports while producers maintained routine schedules.
Why did the price of Vitamin D change in June 2026 in Europe?
- Steady containerized arrivals and balanced domestic offtake limited immediate tightness, producing muted June price movement.
- Elevated freight, insurance and war-risk premiums raised landed costs, underpinning seller quotations and upward price pressure.
- Inventory coverage near four to five weeks and smooth port operations reduced urgency to procure additional spot volumes.
For the Quarter Ending March 2026
Vitamin D Prices in APAC
- In China, the Vitamin D Price Index fell by 0.55% quarter-over-quarter, reflecting seasonal supply adjustments.
- The average Vitamin D price for the quarter was approximately USD 11503.33/MT, reflecting stable demand.
- Vitamin D Spot Price firmed as disciplined plant outputs limited merchant availability across distribution hubs.
- Market indicators and shipments inform the Vitamin D Price Forecast, suggesting gradual month-on-month firmness ahead.
- Vitamin D Production Cost Trend remained contained as lanolin feedstock and coal energy costs remained unchanged.
- Vitamin D Demand Outlook improved as premix formulators and overseas buyers resumed restocking after the holidays.
- Vitamin D Price Index reflected thin inventories and freight uncertainty, enabling sellers to sustain firmer offers.
- Export demand absorbing two-thirds of the output supported FOB offers, underpinning Vitamin D Spot Price across Qingdao.
Why did the price of Vitamin D change in March 2026 in APAC?
- Disciplined plant operations trimmed spot availability, tightening merchant supply and limiting downward price pressure further.
- Stable lanolin feedstock and unchanged coal energy costs contained conversion expenses, preventing substantial margin compression.
- Renewed buying from premix and steady overseas inquiries restored demand balance, supporting firmer FOB quotations.
Vitamin D Prices in Europe
- In Germany, the Vitamin D Price Index fell by 0.26% quarter-over-quarter, reflecting balanced supply and demand.
- The average Vitamin D price for the quarter was approximately USD 12305.33/MT, showing steady procurement.
- Vitamin D Spot Price ranged narrowly as import offers firmed while distributors replenished cargo availability.
- Vitamin D Price Forecast signals modest month-on-month gains led by restocking ahead of spring production
- Vitamin D Production Cost Trend shows pressure from higher bunker and insurance costs affecting landed costs
- Vitamin D Demand Outlook stays supportive as winter supplementation and premix fortification sustain downstream offtake.
- Vitamin D Price Index momentum strengthened amid firm export offers and higher freight risk-premium levels
- Inventory cover remained comfortable, limiting volatility while exporters maintained disciplined offers, sustaining near-term import availability.
Why did the price of Vitamin D change in March 2026 in Europe?
- Adequate Asian arrivals and steady demand kept supply-demand balanced, limiting upward pressure on spot quotations.
- Escalating Middle East geopolitical tensions raised freight and insurance costs, transmitting landed costs to importers.
- Buyers replenished winter inventories ahead of spring production, supporting stable activity and preventing downward moves.
Vitamin D Prices in North America
- In the USA, the Vitamin D Price Index fell by 14.22% quarter-over-quarter, reflecting abundant import supply.
- The average Vitamin D price for the quarter was approximately USD 20483.33/MT, on FOB assessments.
- Vitamin D Spot Price remained pressured by import inflows and distributor discounting, compressing spot premiums.
- Vitamin D Price Forecast shows modest recovery potential as procurement resumes ahead of spring cycles.
- Vitamin D Production Cost Trend remained subdued due to low natural-gas and lanolin feedstock supplies.
- Vitamin D Demand Outlook remained muted as formulators substituted Vitamin D2 and deferred forward coverage.
- Vitamin D Price Index tracked balanced inventories and neutral export enquiries, limiting immediate upward pressure.
- Producers maintained routine operating schedules while sellers offered disciplined export allocations, keeping inventories overall comfortable.
Why did the price of Vitamin D change in March 2026 in North America?
- Balanced domestic production and steady imports neutralised upward pressure despite rising geopolitical energy premiums.
- Elevated inventories plus substitution to Vitamin D2 reduced spot purchasing urgency and demand intensity.
- Stable feedstock supply and low utility costs limited cost-push, keeping seller offers relatively competitive.
For the Quarter Ending December 2025
North America
• In the USA, the Vitamin D Price Index fell by 4.8% quarter-over-quarter, reflecting sustained bearish supply overhang.
• The average Vitamin D price for the quarter was approximately USD 23880.00/MT, reflecting reported FOB New Jersey averages.
• Vitamin D Spot Price pressured sellers as abundant imports increased inventories, compressing the Price Index and offers.
• Vitamin D Price Forecast models indicate limited upside short term, with restocking likely to modestly support offers.
• Vitamin D Production Cost Trend remained stable as lanolin feedstock and natural-gas costs held steady, cushioning margins.
• Vitamin D Demand Outlook shows steady pharmaceutical and nutraceutical offtake, but seasonal stockbuilding failed to absorb surplus volumes.
• Vitamin D Price Index reflected weakening as domestic plants ran normally while imports intensified seller competition at FOB gates.
• Ample warehouse stocks and seamless port operations reduced urgency, pressuring bids while buyers delayed forward bookings.
Why did the price of Vitamin D change in December 2025 in North America?
• Supply overhang from duty-free imports, steady lanolin availability, and uninterrupted factory runs increased seller volumes.
• Ample inventories and improved freight reduced landed costs, allowing distributors to undercut offers at FOB.
• Downstream routine demand and substitution to cheaper D2 limited purchasing urgency sustaining bearish pressure recently.
APAC
• In China, the Vitamin D Price Index fell by 11.12% quarter-over-quarter, reflecting elevated inventories globally.
• The average Vitamin D price for the quarter was approximately USD 11566.67/MT, supporting seller concessions.
• Vitamin D Spot Price softened as producers conceded offers to reduce warehoused stock, secure shipments.
• Vitamin D Price Forecast indicates modest stabilization ahead as restocking gradually lifts export inquiry volumes.
• Vitamin D Production Cost Trend remained supportive with lower coal and stable lanolin feedstock costs.
• Vitamin D Demand Outlook remained subdued with routine pharmaceutical and feed procurement restraining spot buying.
• Logistics stability and unchanged export rebate policies kept the Vitamin D Price Index effectively range-bound.
• Major Chinese plants ran near capacity while selective force majeure events delayed some supply recovery.
Why did the price of Vitamin D change in December 2025 in APAC?
• Elevated inventories from sustained operating rates created seller pressure, reducing negotiating leverage and limiting bids.
• Slightly lower coal and stable lanolin feedstock costs trimmed variable expenses, enabling modest exporter concessions.
• Efficient port operations but subdued overseas inquiries and EU restrictions muted export-driven price recovery momentum.
Europe
• In Germany, the Vitamin D Price Index fell by 10.71% quarter-over-quarter, driven by elevated inventories.
• The average Vitamin D price for the quarter was approximately USD 12338.00/MT, reflecting import-adjusted settled levels.
• Vitamin D Spot Price softened through December as Chinese offers eased and landed costs declined.
• Vitamin D Price Forecast indicates mild recovery next year driven by restocking and stronger enquiries.
• Vitamin D Production Cost Trend remained contained as lanolin feedstock stability constrained upward cost pressures.
• Vitamin D Demand Outlook stayed stable with pharmaceutical and nutraceutical procurement balancing seasonal winter stockbuilding.
• Vitamin D Price Index weakness reflected ample European inventories and moderated spot inquiries from importers.
• Logistics resilience at Hamburg and steady factory operating rates limited disruptions, supporting orderly market functioning.
Why did the price of Vitamin D change in December 2025 in Europe?
• Elevated inventories across Europe following Q3 restocking reduced urgency, pressuring spot offers and limiting movement.
• Softer Chinese export offers and eased freight costs lowered landed expenses, preventing cost-push inflation December.
• Stable pharmaceutical and nutraceutical demand offset by cautious procurement maintained neutral sentiment despite winter supplementation.
For the Quarter Ending September 2025
North America
• In USA, the Vitamin D Price Index rose by 28.3% quarter-over-quarter, driven by robust demand and tight inventories.
• The average Vitamin D price for the quarter was approximately USD 25083.33/MT, reflecting firm buyer restocking and export demand.
• US Vitamin D Spot Price strengthened on weekly gains amid reduced inventories and export inquiries.
• Persistent downstream buying lifted Vitamin D Price Forecast as imminent restocking supported firmer transaction levels.
• Rising lanolin and precursor costs influenced the Vitamin D Production Cost Trend, pressuring margins across manufacturers.
• Supply-side dynamics and container congestion affected import timing, constraining supplies and elevating the Vitamin D Price Index.
• Domestic plants operated at high utilisation yet could not fully offset tightened global availability and sustained buying.
• Vitamin D Demand Outlook remains upbeat driven by pharmaceuticals, nutraceuticals, personal care, and seasonal retail restocking behaviour.
Why did the price of Vitamin D change in September 2025 in North America?
• Tight inventories and strong export inquiries kept upward pressure on domestic prices during September, limiting spot availability.
• Elevated import costs from higher lanolin and precursor offers plus container delays increased landed costs, reducing supply elasticity.
• Stable high utilisation of US plants failed to replenish stocks quickly, while buyer restocking intensified competitive procurement.
APAC
• In China, the Vitamin D Price Index rose by 3.55% quarter-over-quarter, reflecting stronger export demand.
• The average Vitamin D price for the quarter was approximately USD 13013.33/MT per weekly assessments.
• Depleted stocks earlier elevated competition, pressuring the Vitamin D Spot Price amid constrained domestic shipments.
• Short-term Vitamin D Price Forecast indicates gradual recovery as restocking and seasonal export enquiries increase.
• Feedstock and freight increases affected the Vitamin D Production Cost Trend, offering limited upward support.
• Steady pharmaceutical and nutraceutical activity strengthens the Vitamin D Demand Outlook despite subdued export momentum.
• Weekly Vitamin D Price Index volatility reflected plant outages, distributor restocking and shifting buying patterns.
• Export enquiries fluctuated while abundant inventories and cautious procurement limited short-term Vitamin D price recovery.
Why did the price of Vitamin D change in September 2025 in APAC?
• High inventories and weak export enquiries curtailed buying, applying downward pressure on Vitamin D prices.
• Full-capacity production rebounds and resumed shipments increased availability, offsetting earlier tightness and depressing spot realizations.
• Stable logistics and currency conditions reduced cost volatility, while cautious procurement behavior limited significant upside.
Europe
• In Germany, the Vitamin D3 Price Index rose by 3.39% quarter-over-quarter, supported by stronger import offers.
• The average Vitamin D3 price for the quarter was approximately USD 13818.67/MT, reflecting import costs and downstream demand.
• Vitamin D3 Spot Price weakened as Chinese exporters cut offers, easing landed costs for German importers.
• Vitamin D3 Production Cost Trend remained flat with steady energy and feedstock prices limiting upward pressure.
• Vitamin D3 Demand Outlook shows cautious buying from pharmaceuticals and nutraceuticals amid elevated distributor inventories.
• Vitamin D3 Price Forecast suggests modest recovery as restocking may follow seasonal procurement and reduced import arrivals.
• Vitamin D3 Price Index volatility linked to export offer swings, port congestion, and shifting freight market conditions.
Why did the price of Vitamin D3 change in September 2025 in Europe?
• Sustained export offers from Asia increased landed costs, tightening domestic supply and elevating import-driven pricing pressure.
• Elevated distributor inventories and cautious downstream procurement restrained buying momentum, muting immediate upward price responses significantly.
• Freight rate variations and intermittent Hamburg congestion intermittently delayed arrivals, influencing inventory cycles and short-term volatility.
