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Vitamin B1 Price Trend and Forecast

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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

vitamin b1 Price Trends by Country

cnChina

vitamin b1 Pricing Trends in India: 

  • Northern India vitamin b1 market price trend
  • Southern India vitamin b1 market price trend
  • Central India vitamin b1 market price trend

Global vitamin b1 Price Trend, Analysis and Forecast​

According to PriceWatch, in Q1 2025, the Vitamin B1 (Thiamine) Mononitrate market (FOB Shanghai) showed a modest upward movement, with average price trend rising to USD 29,296/MT, marking a +4.63% increase from the previous quarter. This growth was driven by mild post-holiday restocking, particularly from global food and feed manufacturers preparing for mid-year demand. Although the pace of buying was cautious, limited inventory levels and stable production kept prices slightly elevated.

In parallel, the Vitamin B1 (Thiamine) Hydrochloride market (FOB Shanghai) remained nearly flat, with prices inching up to USD 31,816/MT, a minimal +0.40% increase over Q4. Hydrochloride demand was mostly subdued, as buyers in the pharmaceutical and nutraceutical sectors continued to rely on previously accumulated stock. With steady plant output and stable raw material costs, the market remained balanced. Track real time vitamin C price trend analysis.

Vitamin B1 Price Trend Analysis: Q1 2025

In Q1 2025, according to PriceWatch, the Vitamin B1 (Thiamine) Mononitrate market (FOB Shanghai) showed a modest upward movement, with average prices rising to USD 29,296/MT, marking a +4.63% increase from the previous quarter. This growth was driven by mild post-holiday restocking, particularly from global food and feed manufacturers preparing for mid-year demand. Although the pace of buying was cautious, limited inventory levels and stable production kept prices slightly elevated.

In parallel, the Vitamin B1 (Thiamine) Hydrochloride market (FOB Shanghai) remained nearly flat, with prices inching up to USD 31,816/MT, a minimal +0.40% increase over Q4. Hydrochloride demand was mostly subdued, as buyers in the pharmaceutical and nutraceutical sectors continued to rely on previously accumulated stock. With steady plant output and stable raw material costs, the market remained balanced. 

Vitamin B1 Price Trend Analysis: Q4 2024

During Q4 2024, the Vitamin B1 (Thiamine) Mononitrate market (FOB Shanghai) averaged USD 28,000/MT, reflecting a +3.07% increase compared to Q3. This mild rise was driven by seasonal export demand before the Lunar New Year, though most domestic buyers remained conservative due to sufficient inventory levels. Production ran smoothly, and no major supply constraints were reported.

Meanwhile, the Vitamin B1 (Thiamine) Hydrochloride market (FOB Shanghai) experienced a slight recovery, with prices reaching USD 31,690/MT, up +1.93% from the previous quarter. Export orders from key regions such as India and Latin America supported this uptick, especially in Pharma formulations. Nonetheless, the absence of any major supply disruptions kept price fluctuations limited. 

Vitamin B1 Price Trend Analysis: Q3 2024

In Q3 2024, the Vitamin B1 (Thiamine) Mononitrate market (FOB Shanghai) surged significantly, reaching USD 27,167/MT, which represented a strong +18.98% quarter-on-quarter increase. This price escalation was led by increased procurement from Asian buyers in anticipation of seasonal consumption and relatively tight availability. Even as production recovered gradually, the strong demand from the feed and food sectors kept market sentiment bullish.

On the other hand, the Vitamin B1 (Thiamine) Hydrochloride market (FOB Shanghai) saw a price correction, with average values declining to USD 31,090/MT, down –4.53%. The fall resulted from reduced spot buying and high carryover stocks in pharmaceutical pipelines, while consistent plant operations and easing demand added downward pressure. 

Vitamin B1 Price Trend Analysis: Q2 2024

The second quarter of 2024 brought continued growth in the Vitamin B1 (Thiamine) Mononitrate market (FOB Shanghai), with prices climbing to USD 22,833/MT, reflecting a +15.61% increase over Q1. Demand remained firm, particularly from the feed sector, as buyers looked to secure supply ahead of mid-year consumption cycles. Though production improved, raw material price trends and healthy global demand helped sustain upward pricing.

Similarly, the Vitamin B1 (Thiamine) Hydrochloride market (FOB Shanghai) saw further strength, with prices averaging USD 32,567/MT, showing a +14.27% rise. Strong buying from the nutraceutical and pharma industries, coupled with controlled supply from Chinese manufacturers, kept the market tight through most of the quarter. 

Vitamin B1 Price Trend Analysis: Q1 2024

At the start of 2024, both grades of Vitamin B1 witnessed steep price increases. The Vitamin B1 (Thiamine) Mononitrate market (FOB Shanghai) rose to USD 19,750/MT, registering a +21.99% increase from the prior quarter. The jump was mainly due to supply shortages following year-end shutdowns and robust restocking from food and feed processors, particularly in export markets.

Meanwhile, the Vitamin B1 (Thiamine) Hydrochloride market (FOB Shanghai) posted an even stronger gain, with prices reaching USD 28,500/MT, up +31.26%. Limited output during early January and strong pharmaceutical demand created a supply-demand imbalance, prompting buyers to accept higher prices amid limited availability.  

India vitamin b1 Price Trend, Analysis and Forecast

Global vitamin b1 Supply Chain

Upstream
  • Glycine
  • Cysteine
  • 2-methyl-4-amino-5-aminomethylpyrimidine
  • 4-methyl-5-(2-hydroxyethyl)thiazole
  • Formaldehyde
  • Hydrochloric Acid
  • Nitric Acid
Downstream
  • Pharmaceuticals/ Nutraceuticals (Multivitamins)
  • Animal feed/ Premix (Aqua feed supplements and Vitamin premix)
  • Cosmetics and Personal Care (Anti-aging serums)
Major supplying countries
  • China 
Major importing countries
  • India
  • USA
  • Germany

India vitamin b1 Supply Chain

Upstream
  • Glycine
  • Cysteine
  • 2-methyl-4-amino-5-aminomethylpyrimidine
  • 4-methyl-5-(2-hydroxyethyl)thiazole
  • Formaldehyde
  • Hydrochloric Acid
  • Nitric Acid
Downstream
  • Pharmaceuticals/ Nutraceuticals (Multivitamins)
  • Animal feed/ Premix (Aqua feed supplements and Vitamin premix)
  • Cosmetics and Personal Care (Anti-aging serums)
Major supplying countries
  • China 
Major importing countries
  • India
  • USA
  • Germany

Technical Specifications of Vitamin B1 Price Trends

Molecular Weight[g/mol]

265.355 g/mol

CAS No

59-43-8

HS Code

293622

Molecular Formula

C12H17N4OS
vitamin b1

Vitamin B1, also known as thiamine, is a water-soluble vitamin essential for numerous vital processes in the body. Unlike fat-soluble vitamins, it cannot be stored in significant amounts and must be consumed regularly through the diet or supplements. Thiamine is crucial for converting carbohydrates into energy, supporting normal growth and development, and maintaining the healthy function of the heart, nerves, and digestive system. Both thiamine mononitrate and thiamine hydrochloride are widely used forms of Vitamin B1. Thiamine mononitrate is commonly found in fortified foods and dietary supplements due to its stability, while thiamine hydrochloride is frequently used in pharmaceutical preparations, including injectables and oral supplements

Packaging Type

Drum (25Kgs)

Vitamin B1 Grades Covered

Mononitrate, Hydrochloride

Incoterms Used

Ex Zhejiang, FOB Shanghai

Synonym

Thiamine, Thiamin, Aneurine

PriceWatch Quotation Terms:

5-6 MT (Vitamin B1 (Thiamine) Mononitrate), 3-4 MT (Vitamin B1 (Thiamine) Hydrochloride)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Vitamin B1 (Thiamine) Mononitrate 

SL. NO.  ITEMS  SPECIFICATIONS  RESULT 
1.  pH    6.8-7.5  7.1 
2.  Chloride  NMT600ppm  ＜600ppm 
3.  Loss on drying  NMT 1.0%  0.2% 
4.  Residue on ignition  NMT0.1%  0.06% 
5.  Impurity A  NMT0.15%  0.10% 
6.  Impurity B  NMT0.6%  0.01% 
7.  Impurity C  NMT0.4%  0.01% 
8.  Assay  98.5-101.0%  99.8% 

Vitamin B1 (Thiamine) Hydrochloride 

SL. NO.  ITEMS  SPECIFICATIONS  RESULTS 
1.  Assay  98.5%-101.5%  99.2% 
2.  pH  2.7-3.4  3.0 
3.  Pb  ≤2ppm  ≤2ppm 
4.  As    ≤2ppm  ≤2ppm 
5.  Loss on Drying  ≤5.0%  2.5% 
6.  Burning Residue  ≤0.1%  0.03% 

 

Vitamin B1 Industrial Applications

Vitamin B1, available as thiamine mononitrate and thiamine hydrochloride, is widely used across the health, nutrition, pharmaceutical, and animal feed industries. Thiamine mononitrate, due to its superior stability and resistance to moisture, is primarily incorporated into fortified foods, cereals, and dry dietary supplements, making it ideal for products requiring extended shelf life and consistent potency. In contrast, thiamine hydrochloride’s high solubility makes it the preferred choice for pharmaceutical formulations, including liquid supplements and injectables, as well as in clinical nutrition settings where rapid absorption is needed. Both grades are also utilized in animal feed to support healthy growth and metabolic function in livestock. The selection between these two forms depends on the specific application: mononitrate for stable, dry formulations and hydrochloride for fast-acting, soluble, or injectable products.

Historically, several events have caused significant fluctuations in Vitamin B1 prices

Impact of Recent U.S. Tariffs on Vitamin B1 Prices and Supply Chains (2024–2025): In early 2025, Vitamin B1 prices in China showed significant volatility, partly due to changing supply and demand dynamics and compounded by new U.S. tariffs on imports. Since the U.S. relies heavily on imported raw materials and finished Vitamin B1 (especially from China), tariffs have raised input costs for U.S. manufacturers. This has led to higher prices for both thiamine mononitrate and hydrochloride in the U.S. market, as manufacturers pass on increased costs to consumers. Ongoing logistical challenges, such as port congestion and regulatory changes, have further strained supply chains, causing procurement delays and additional price volatility. 

Environmental Regulations and Production Cuts in China (2023): In 2023, China implemented stricter environmental compliance regulations that significantly affected the production of thiamine mononitrate and hydrochloride. These regulations led many manufacturers to scale back their operations, resulting in reduced output and tighter supply. As China is the primary global supplier for both pharmaceutical and nutraceutical markets, these production cuts contributed to a noticeable increase in Vitamin B1 prices worldwide. The supply tightness was driven by the need for factories to comply with new environmental standards, highlighting how regulatory changes in China can have far-reaching effects on global vitamin markets. 

COVID-19 Pandemic (2020–2021): The pandemic led to significant volatility in Vitamin B1 prices, especially in China, the world’s largest producer. Early in the pandemic, demand weakened due to supply chain disruptions and reduced consumption in certain sectors. However, as health awareness increased and the use of fortified foods and supplements rose, demand rebounded, supporting price recovery for both thiamine mononitrate and hydrochloride. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global vitamin b1 price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the vitamin b1 market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence vitamin b1 prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely vitamin b1 market data.

Track PriceWatch's vitamin b1 price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch gathers real-time pricing data from multiple sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our Vitamin B1 price assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team collects insights directly from key market participants, such as Vitamin B1 producers, suppliers, traders, and end-users across major production regions. This localized intelligence is crucial for understanding market dynamics specific to each region. 
  •  Supply Chain Monitoring: We monitor the entire Vitamin B1 supply chain, from raw materials to production and distribution channels. This includes tracking feedstock prices, production capacity, and transportation logistics, helping us provide a complete market overview. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors geopolitical events, such as trade disputes and regional conflicts, that could affect Vitamin B1 supply chains. For example, issues like disruptions in supply chain from Asian countries have a direct impact on Vitamin B1 production and pricing. 
  • Natural Disasters and Climate Events: Our analysis includes the impact of climate events, such as hurricanes or floods, particularly in regions like the Asia and Southeast Asia, which house critical Vitamin B1 production facilities. These disruptions can lead to temporary supply shortages and price volatility. 
  • Regulatory Changes and Industry Shifts: PriceWatch tracks shift in environmental regulations and industry standards, such as the tightening of safety regulations in chemical production, which can influence Vitamin B1 demand and supply trends. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain an up-to-date database of global Vitamin B1 production facilities, tracking their operational status, maintenance activities, and output levels. This helps us accurately assess the available supply in the market at any given time. 
  • Future Capacity Projections: Our research also covers future production capacities, factoring in new plants, expansions, and technological advancements in Vitamin B1 production. This allows us to predict future supply trends and potential price movements. 

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides a detailed analysis of demand trends across key sectors, such as pharmaceuticals and Nutraceuticals. We analyse year-on-year demand growth and predict future consumption based on economic indicators and industry trends. 
  • Global Demand Dynamics: Our methodology also considers regional demand shifts and how they impact global Vitamin B1 prices. This includes tracking manufacturing trends, changes in environmental policies, and trade flows that influence demand in key markets like the China, India, and Europe. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Vitamin B1 prices, incorporating real-time data, historical pricing trends, and projected market conditions. We continuously refine these models to improve accuracy and deliver reliable forecasts. 
  • Scenario Analysis: We conduct scenario-based assessments to anticipate potential market developments. This includes best-case, worst-case, and most likely scenarios, allowing our clients to prepare for a range of possible market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to provide clear, actionable insights. 
  • Ongoing Support: Price-Watch offers continuous updates and personalized support to our clients, ensuring they have the most accurate and up-to-date information to make informed business decisions. Our experts are available to discuss market developments and offer tailored advice. 

This research methodology ensures that Price-Watch delivers accurate, timely, and actionable Vitamin B1 pricing assessments, enabling our clients to stay ahead of market trends and make informed decisions in an ever-changing market. 

Molecular Weight[g/mol]

265.355 g/mol

CAS No

59-43-8

HS Code

293622

Molecular Formula

C12H17N4OS
vitamin b1

Vitamin B1, also known as thiamine, is a water-soluble vitamin essential for numerous vital processes in the body. Unlike fat-soluble vitamins, it cannot be stored in significant amounts and must be consumed regularly through the diet or supplements. Thiamine is crucial for converting carbohydrates into energy, supporting normal growth and development, and maintaining the healthy function of the heart, nerves, and digestive system. Both thiamine mononitrate and thiamine hydrochloride are widely used forms of Vitamin B1. Thiamine mononitrate is commonly found in fortified foods and dietary supplements due to its stability, while thiamine hydrochloride is frequently used in pharmaceutical preparations, including injectables and oral supplements

Packaging Type

Drum (25Kgs)

Grades Covered

Mononitrate, Hydrochloride

Incoterms Used

Ex Zhejiang, FOB Shanghai

Synonym

Thiamine, Thiamin, Aneurine

PriceWatch Quotation Terms:

5-6 MT (Vitamin B1 (Thiamine) Mononitrate), 3-4 MT (Vitamin B1 (Thiamine) Hydrochloride)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Vitamin B1 (Thiamine) Mononitrate 

SL. NO.  ITEMS  SPECIFICATIONS  RESULT 
1.  pH    6.8-7.5  7.1 
2.  Chloride  NMT600ppm  ＜600ppm 
3.  Loss on drying  NMT 1.0%  0.2% 
4.  Residue on ignition  NMT0.1%  0.06% 
5.  Impurity A  NMT0.15%  0.10% 
6.  Impurity B  NMT0.6%  0.01% 
7.  Impurity C  NMT0.4%  0.01% 
8.  Assay  98.5-101.0%  99.8% 

Vitamin B1 (Thiamine) Hydrochloride 

SL. NO.  ITEMS  SPECIFICATIONS  RESULTS 
1.  Assay  98.5%-101.5%  99.2% 
2.  pH  2.7-3.4  3.0 
3.  Pb  ≤2ppm  ≤2ppm 
4.  As    ≤2ppm  ≤2ppm 
5.  Loss on Drying  ≤5.0%  2.5% 
6.  Burning Residue  ≤0.1%  0.03% 

 

Applications

Vitamin B1, available as thiamine mononitrate and thiamine hydrochloride, is widely used across the health, nutrition, pharmaceutical, and animal feed industries. Thiamine mononitrate, due to its superior stability and resistance to moisture, is primarily incorporated into fortified foods, cereals, and dry dietary supplements, making it ideal for products requiring extended shelf life and consistent potency. In contrast, thiamine hydrochloride’s high solubility makes it the preferred choice for pharmaceutical formulations, including liquid supplements and injectables, as well as in clinical nutrition settings where rapid absorption is needed. Both grades are also utilized in animal feed to support healthy growth and metabolic function in livestock. The selection between these two forms depends on the specific application: mononitrate for stable, dry formulations and hydrochloride for fast-acting, soluble, or injectable products.

Vitamin B1 Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for vitamin b1. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

Vitamin B1 prices are affected by several key factors, including the cost of feedstock. Other significant influences include fluctuations in transportation costs, and environmental regulations. Additionally, supply-demand imbalances, particularly in major production regions like Asia and North America, and disruptions due to geopolitical issues or natural disasters, can impact Vitamin B1 pricing trends.

Supply chain disruptions, such as plant shutdowns, port delays, or shortages of raw materials can lead to sharp increases in Vitamin B1 prices. For example, when raw material supplies tighten due to outages or production cuts, Vitamin B1 production costs rise, leading to higher market prices. Conversely, improved supply chain efficiency or reduced transportation costs can help stabilize or lower Vitamin B1 prices. Procurement teams should stay informed on supply chain developments to optimize their purchasing strategies.

Vitamin B1 prices vary significantly across different regions due to factors like production capacity, local demand, and logistics. For instance, Asia, a leading producer of Vitamin B1, often has more competitive prices compared to Europe or the US, where higher production costs and stricter environmental regulations may drive up prices. Procurement heads should consider these regional variations by exploring opportunities to source Vitamin B1 from cost-competitive regions or leveraging long-term contracts in regions with favorable pricing to reduce exposure to price volatility.

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