For the Quarter Ending December 2025
APAC
• In China, the Vitamin B2 Price Index rose by 3.41% quarter-over-quarter, supported by downstream procurement.
• The average Vitamin B2 price for the quarter was approximately USD 39243.33/MT, based on shipments.
• Vitamin B2 Spot Price remained rangebound, supported by steady exports, balanced stocks, and port operations.
• Vitamin B2 Production Cost Trend remained neutral as glucose and coal-linked utilities costs stayed stable.
• Vitamin B2 Demand Outlook signalled steady feed premix and nutraceutical buying, supporting modest price firmness.
• Vitamin B2 Price Forecast suggested gradual upside into early next quarter, reflecting seasonal restocking patterns.
• Vitamin B2 Price Index recorded mild quarterly appreciation while inventories remained adequate, limiting upward volatility.
• Major Chinese producers operated near normal rates, export availability supported offers, logistics improvements eased costs.
Why did the price of Vitamin B2 change in December 2025 in APAC?
• Balanced supply, steady production and stable feedstock costs kept upward pressure limited despite export demand.
• Improved logistics and softer freight eased delivered costs, supporting exporter offers without triggering price moves.
• Renminbi depreciation lifted FOB netbacks, but balanced inventories and cautious downstream buying moderated price increases.
Europe
• In Germany, the Vitamin B2 Price Index rose by 3.17% quarter-over-quarter, reflecting steady import-driven demand.
• The average Vitamin B2 price for the quarter was approximately USD 41015.67/MT, reported by customs and industry sources.
• Vitamin B2 Spot Price firmed modestly during December as balanced imports and steady offtake supported narrow upward momentum.
• Vitamin B2 Price Forecast indicates mild upside into early 2026 as seasonal procurement and disciplined buying persist.
• Vitamin B2 Production Cost Trend remained neutral with unchanged input costs, limiting pressure on landed CFR levels.
• Vitamin B2 Demand Outlook stays firm driven by premix, nutraceutical, and pharmaceutical seasonal orders ahead of winter.
• Vitamin B2 Price Index reflected balanced inventories and steady export inflows, with freight and currency modestly tightening landed costs.
• Logistics remained smooth through Hamburg, preventing congestion-driven spikes and supporting the steady Price Index trajectory.
Why did the price of Vitamin B2 change in December 2025 in Europe?
• Import reliance and steady exporter offers maintained supply balance, underpinning modest price increases in December.
• Stable input costs and routine production reduced cost pressure, limiting any sharp upward movement in landed prices.
• Efficient Hamburg logistics and moderate freight adjustments narrowed arbitrage windows, modestly increasing landed import costs.
North America
• In the USA, the Vitamin B2 Price Index rose by 5.15% quarter-over-quarter, reflecting steady demand.
• The average Vitamin B2 price for the quarter was approximately USD 43200.00/MT, supporting steady buying.
• Vitamin B2 Spot Price showed modest gains, supported by routine procurement and stable production schedules.
• Vitamin B2 Price Forecast indicates upward bias for Q1, driven by feed and nutraceutical demand.
• Vitamin B2 Production Cost Trend stayed muted; glucose and natural gas costs remained subdued December.
• Vitamin B2 Demand Outlook remains steady as feed and nutraceutical manufacturers maintained procurement and restocking.
• Inventories at producers remained comfortable, limiting upside; export interest modest due to tariffs and dollar.
• Producers maintained FOB offers, and Vitamin B2 Price Index reflected seller confidence amid steady bookings.
Why did the price of Vitamin B2 change in December 2025 in North America?
• Stable production and near-nameplate operating rates maintained supply, preventing shortages and supporting modest price increases.
• Soft glucose, low natural gas costs restrained production expenses, cushioning producers and limiting price escalation.
• Export demand modest owing to tariffs, dollar strength; domestic feed and nutraceutical uptake remained steady.
For the Quarter Ending September 2025
North America
• In USA, the Vitamin B2 Price Index rose by 5.43% quarter-over-quarter, driven by steady offtake.
• The average Vitamin B2 price for the quarter was approximately USD 41066.67/MT reflecting balanced supply and steady demand.
• Vitamin B2 Spot Price movements were modest, reflecting orderly logistics and consistent exporter offers this quarter.
• Vitamin B2 Production Cost Trend remained stable as feedstock availability and energy inputs showed limited volatility.
• Vitamin B2 Demand Outlook indicates continued baseline procurement from pharmaceutical and nutraceutical sectors, supporting gradual price resilience.
• Vitamin B2 Price Forecast suggests gentle upside as disciplined importer restocking and steady offtake sustain upward pressure.
• Vitamin B2 Price Index gains were underpinned by efficient port operations, full plant utilisation and consistent international supply.
• Inventory levels and export demand balanced, limiting volatility while selective distributor top-ups supported measured upward momentum.
Why did the price of Vitamin B2 change in September 2025 in North America?
• Restored downstream procurement from pharmaceutical and nutraceutical manufacturers drove steady offtake, raising realized export price levels.
• Stable feedstock costs and uninterrupted plant operations limited production cost pressures, preventing abrupt negative price adjustments.
• Efficient port logistics and balanced inventories reduced logistical premia while measured distributor replenishment sustained mild upward pressure.
APAC
• In China, the Vitamin B2 Price Index rose by 3.49% quarter-over-quarter, driven by export demand.
• The average Vitamin B2 price for the quarter was approximately USD 38300.00/MT, reflecting balanced supply.
• Vitamin B2 Spot Price remained modest as manufacturers operated at stable capacity with balanced inventories.
• Vitamin B2 Price Forecast indicates mild upside supported by regular export inquiries and stable production.
• Vitamin B2 Production Cost Trend stayed neutral as feedstock glucose prices were range-bound, limiting inflation.
• Vitamin B2 Demand Outlook remains constructive, driven by nutraceutical, pharmaceutical and fortified food procurement cycles.
• Vitamin B2 Price Index strength reflected balanced inventories and efficient logistics supporting steady export fulfilment.
• Major Vitamin B2 producers operated continuously, prompting sellers to hold offers and avoid aggressive discounting.
Why did the price of Vitamin B2 change in September 2025 in APAC?
• Consistent production and steady export demand sustained upward pressure despite absence of meaningful supply constraints.
• Stable glucose feedstock costs limited input inflation, preventing material production cost escalation during September month.
• Efficient ports and inland logistics ensured timely shipments, limiting volatility and bolstering seller pricing confidence.
Europe
• In Germany, the Vitamin B2 Price Index rose by 3.34% quarter-over-quarter, supported by steady demand.
• The average Vitamin B2 price for the quarter was approximately USD 39755.33/MT, reflecting balanced inventories.
• Vitamin B2 Spot Price movements were incremental, mirroring export-market stability and steady freight conditions overall.
• Vitamin B2 Price Forecast signals modest upside as pharmaceutical and nutraceutical procurement remains consistently supported.
• Vitamin B2 Production Cost Trend stayed muted with feedstock and energy costs largely unchanged recently.
• Vitamin B2 Demand Outlook is steady driven by routine offtake from pharmaceuticals, fortified foods, supplements.
• Vitamin B2 Price Index gains were absorbed by cautious importer inventories and steady export flows.
• Major producers operated without disruption; efficient Hamburg logistics prevented cost pass-through and sudden market shocks.
Why did the price of Vitamin B2 change in September 2025 in Europe?
• Steady export production ensured availability, supporting modest price increases and limited volatility among importers.
• Balanced importer inventories and disciplined procurement reduced urgency, absorbing upward pressure from sustained downstream demand.
• Stable feedstock and energy costs plus efficient operations minimized cost pass-through to import prices.
For the Quarter Ending June 2025
North America
• By the fourth week of June 2025, the Vitamin B2 Spot Price in New Jersey has reached USD 39,700 per metric ton and reflected a 0.25% price increase as part of a steadily firming market influenced by stable procurement momentum.
• Why did the price change in July 2025?
The Vitamin B2 Spot Price in North America has experienced a minor upward revision in July 2025 due to persistent downstream demand from pharmaceuticals and nutraceuticals. The supplier adjusted priced strategically to maintain product liquidity in the market. Despite smooth production cycles, cautious inventory replenishment strategies influenced the price trajectory.
• Market equilibrium remained intact as manufacturers maintained uninterrupted operations, helping stabilize the Vitamin B2 Production Cost Trend. No major disruptions affected logistics or capacity.
• Balanced inventories across downstream industries such as personal care and medical sectors helped preserve a steady Vitamin B2 Price Forecast, discouraging speculative buying and avoiding sharp volatility.
• Export momentum to Europe remained strong as consistent international demand underpinned a mildly bullish Vitamin B2 Spot Price movement during Q2.
• Procurement strategies reflected confidence, with buyers refraining from overstocking while securing necessary volumes, thereby maintaining orderly inventory movement across the supply chain.
• Vitamin B2 Demand Outlook remained positive, particularly driven by therapeutic product manufacturing, immune-supporting supplements, and parenteral nutrition.
• April 2025 saw a 0.26% price increase, supported by stable production and firm offtake, while lean restocking cycles added marginal upward pressure on prices.
• May 2025 saw continued market firmness as no production halts or freight issues emerged, allowing uninterrupted order fulfilment and confidence in the Vitamin B2 Price Forecast.
• Supplier-side inventory discipline and regular offtake patterns prevented sharp stock fluctuations, keeping the Vitamin B2 Spot Price firmly within a narrow trading band.
Asia Pacific (APAC)
• As of the fourth week of June 2025, the Vitamin B2 Spot Price Ex-Shanghai has reached USD 37,250 per metric ton and marked a 0.27% rise as demand across fortified food and wellness formulations held strong.
• Why did the price change in July 2025?
The Vitamin B2 Spot Price in the APAC region saw a minor increase in July 2025, owing to consistent sector-wise procurement and smooth production conditions. This prompted suppliers to cautiously adjust prices while ensuring healthy inventory turnover and maintaining the Vitamin B2 Price Forecast in a firm territory.
• Vitamin B2 Production Cost Trend was stable due to reliable availability of biofermentation feedstocks like glucose and yeast, enabling uninterrupted manufacturing cycles throughout Q2.
• Balanced inventory practices across pharmaceutical and nutraceutical sectors prevented stockpile-driven distortions and helped preserve a steady Vitamin B2 Price Index.
• Export flow from China remained robust, with scheduled dispatches fulfilling global demand without creating supply-side bottlenecks or order backlogs.
• No seasonal disruption was reported, and procurement strategies were executed conservatively, supporting a steady Vitamin B2 Demand Outlook that aligned well with output volumes.
• In April, the Vitamin B2 Spot Price rose by 0.14%, driven by rising preparations for seasonal production cycles, which created healthy tension in a supply-lean environment.
• In May, the continued upward movement of 0.27% reflected consistent domestic consumption, notably in health supplements, as well as well-paced international export orders.
• Suppliers defended margins in June by limiting surplus accumulation, with moderate price hikes mirroring steady procurement rather than speculative activity.
• Personal care and wellness sectors remained active, sustaining base-level demand, while producers opted for just-in-time manufacturing strategies to manage cost and availability, preserving the Vitamin B2 Spot Price within a controlled range.
Europe
• In the fourth week of June 2025, the Vitamin B2 Spot Price in Germany rose to USD 39,070 per metric ton, registering a 0.26% increase backed by routine procurement and firm overseas offers.
• Why did the price change in July 2025?
The slight increase in the Vitamin B2 Spot Price in Europe during July 2025 reflected continuity in stable imports and consistent demand from pharmaceutical and fortified food manufacturers, with no disruptions across production or logistics channels influencing the Vitamin B2 Price Forecast modestly upward.
• Vitamin B2 Production Cost Trend remained steady as primary suppliers like China ensured uninterrupted manufacturing cycles, thus reinforcing reliability across the supply chain.
• German buyers practiced disciplined inventory management, aligning stock levels to routine production cycles which stabilized the market and ensured liquidity for Q3 preparation.
• No port or freight delays in Hamburg supported seamless Vitamin B2 inflows, contributing to a low-risk logistics environment that avoided any artificial price inflations.
• The demand base in Germany was anchored by pharmaceuticals, nutraceuticals, and medical nutrition segments, which maintained steady intake, preventing excessive volatility in the Vitamin B2 Price Index.
• April saw a marginal price dip of 0.05%, attributed to the drawdown of Q1 inventory rather than weak demand, with May and June recovering on account of fresh procurement activity.
• The Vitamin B2 Demand Outlook in Europe remained constructive, with no panic buying observed, yet steady reordering continued ahead of scheduled production cycles.
• Export quotations from the U.S. and China remained firm, reinforcing confidence in a stable Vitamin B2 Price Forecast throughout Q2, even as domestic consumption held steady.
• No signs of oversupply or demand contraction were observed in Q2, enabling importers to avoid speculative hoarding and thus ensuring a calm, moderately bullish market trend.
For the Quarter Ending March 2025
North America
The North American Vitamin B2 market showed a slight downward trend in the first quarter of 2025. Prices fell by an average of 1.90% from previous quarter to this quarter. The shift from winter to spring resulted in reduced demand for Vitamin B2 supplements, as consumption of these products generally declines with the onset of warmer weather. Many Riboflavin distributors and suppliers in the region adopted cautious buying strategies.
Most Vitamin B2 buyers focused on clearing old stock instead of placing fresh bulk orders. Some uncertainty in the market also came from tariff adjustments on key pharmaceutical ingredients, which added to procurement delays. Food and beverage manufacturers maintained steady but limited buying, while personal care sectors showed no major spikes in requirements.
Production schedules in nutraceutical and personal care industries moved at a slower pace as companies waited for stronger market cues. Logistics remained stable, with no significant supply concerns. By late March, a few signs of activity returned as downstream sectors prepared for seasonal production. Overall, the market stayed under soft pressure in first quarter of 2025.
Asia Pacific
In the Asia Pacific region, the Vitamin B2 market displayed a steady upward movement in the first quarter of 2025. Prices increased by 2.16% on average between the concluding quarter of 2024 and first quarter of 2025. The market experienced a seasonal production slowdown in APAC region due to the Lunar New Year holidays. This led to tighter supply from major Vitamin B2 suppliers in the region and prompted distributors in of APAC region like India, Indonesia and South Korea to manage inventories carefully.
Riboflavin demand from pharmaceuticals and nutraceuticals remained stable, while the food and beverage sector procured on a need-based approach to sustain their ongoing production cycles. Seasonal transition in Asia Pacific encouraged moderate procurement as Vitamin B2 buyers aimed to secure material ahead of their production cycles. Smooth logistics operations and steady domestic demand in several markets helped keep price levels on a slightly firm note. By the end of March, order volumes improved as buyers looked to restock for the second quarter. The market maintained a balanced tone with the outlook remaining cautiously steady in the first quarter of 2025.
Europe
The European Vitamin B2 market recorded a modest decline during the first quarter of 2025 with the quarterly average price dropped by 3.34% from the previous quarter. This price correction was driven by weak demand from downstream sectors including pharmaceuticals, food and beverages, and nutraceuticals. The transition from colder to milder weather reduced consumption of Vitamin B2 supplements, as seasonal demand typically softens during this time.
Many Vitamin B2 suppliers in countries like Germany and France chose to maintain lean inventory positions and avoided any situation of excess stock. Buying activity stayed limited, with most orders covering immediate needs. Stable supply of Riboflavin from Asia Pacific also contributed to a mildly pressured market tone. Logistics remained uninterrupted and allowed a steady product flow across borders.
Personal care industries and nutraceutical firms moved at a measured pace and waited for clearer end- user demand trends. Toward the end of first quarter, small signs of recovery appeared as companies began scheduling their upcoming production cycles. The market overall remained quiet but balanced and showed a typical first-quarter adjustment pattern.
