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Vitamin B1 (thiamine) Price Trend and Forecast

⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

vitamin b1 (thiamine) Price Trends by Country

cnChina

Global vitamin b1 (thiamine) Spot Market Prices, Trend Analysis and Forecast

Price-Watch™ provides price assessments for Vitamin B1 (Thiamine) across top trading regions:

Asia-Pacific

  • Vitamin B1 Thiamine Mononitrate (Mono) (>99%) (Powder) FOB Shanghai, China
  • Vitamin B1 Thiamine Hydrochloride (HCl) (>99%) (Powder) FOB Shanghai, China
  • Vitamin B1 Thiamine Mononitrate (Mono) (>99%) (Powder) Ex-Zhejiang, China
  • Vitamin B1 Thiamine Hydrochloride (HCl) (>99%) (Powder) Ex-Zhejiang, China

 

Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Vitamin B1 Price Trend Q1 2026

The Vitamin B1 (Thiamine) market in Q1 2026 is characterized by steady but robust vitamin b1 price trend for both Mononitrate (Mono) and Hydrochloride (HCl) variants, buoyed by the gradual rise in downstream demand.

The prices of Vitamin B1 Mononitrate have shown a slight increase, backed by stable purchasing from the feed, food, and pharmaceutical industries, as well as some stockpiling activities. Likewise, the prices of Vitamin B1 Hydrochloride have also witnessed slight rises, aided by consistent demand from the nutraceutical and pharmaceutical segments, coupled with balanced supply scenarios.

China: Vitamin B1 Export prices FOB Shanghai, China

According to Price-Watch™, in Q1 2026, Vitamin B1 (Thiamine) Mononitrate (>99%) (Powder) prices in China have increased by 1.91%, supported by improved demand from feed and premix manufacturers, along with stable operating rates and moderate restocking.

Meanwhile, vitamin b1 price trend in China have also increased by 0.57%, driven by steady demand from pharmaceutical and nutraceutical sectors and consistent supply availability.

The vitamin b1 price trend in China has been influenced by gradual demand recovery across key end-use sectors, stable production levels, and balanced inventory conditions, which have collectively supported a mild upward movement in prices during the quarter.

In March 2026, Vitamin B1 (Thiamine) Mononitrate prices in China increased by 1.64% and Vitamin B1 (Thiamine) Hydrochloride prices rose by 1.43%, supported by procurement activity and improved demand momentum toward the end of the quarter.

Vitamin B1 (Thiamine) Price Trend Analysis: Q4 2025

In Q4 2025, the Vitamin B1 (Thiamine) market in China displayed a mixed pricing trend across Mononitrate (Mono) and Hydrochloride (HCl) grades.

Prices for Thiamine Mononitrate increased by around 2-3%, supported by steady demand from food, feed, and pharmaceutical sectors along with moderate export activity and controlled supply levels.

In contrast, Thiamine Hydrochloride prices remained largely stable with a slight decline of around 0-1%, reflecting balanced supply-demand conditions, cautious procurement, and competitive domestic pricing.

Overall, the market maintained a stable tone during the quarter, with no major disruptions in production or raw material costs, while steady consumption across key application sectors provided underlying support

China: Vitamin B1 (Thiamine) Export prices FOB Shanghai, China

According to Price-Watch™, in Q4 2025, Vitamin B1 (Thiamine) Mononitrate (>99%) (Powder) prices in China strengthened, registering a 2.76% quarter-on-quarter increase. The upward movement was driven by consistent demand from feed, food-fortification and pharmaceutical industries, along with stable operating rates and moderate export inquiries.

Meanwhile, Vitamin B1 (Thiamine) Hydrochloride (>99%) (Powder) prices showed marginal softening, reflecting a slight 0.57% decline over the quarter.

This was attributed to cautious buying behaviour, sufficient inventories, and competitive market offers that limited price growth. Export demand for both grades remained steady, contributing to an overall balanced market environment, with pricing expected to remain stable in the near term.

The global Vitamin B1 (Thiamine) market during the third quarter of 2025 indicated a mixed but generally stable sentiment, with distinct movement across Mononitrate (Mono) and Hydrochloride (HCl) grades. Vitamin B1 (Thiamine) price trend mononitrate were impacted by balanced supply, slow purchasing activity in feed, food, and pharma buyer regions, as well competitive domestic offers from China, which led to price shifts of less than 2-4% throughout the quarter.

In contrast, Vitamin B1 Hydrochloride saw modest price movement in September 2025 increasing due to continued firm demand from region’s nutritional supplements, energy formulations, and pharmaceutical applications, combined with slightly increased price variability of 3-5% related to additional tighter supply.

The basic price structure was stable through quarter due to consistent raw material costs, production levels and inventory levels, regardless of regional demand pressure on lower downstream impact of Mononitrate and stronger procurement momentum behind Hydrochloride grade. With the shift of supply patterns, export levels and producer operating rates official, the shift in global Vitamin B1 (Thiamine) price trend is expected to reduce variability through the next quarter and beyond.

China: Vitamin B1 (Thiamine) Export prices FOB Shanghai, China.

According to Price-Watch, In Q3 2025, Vitamin B1 (Thiamine) Mononitrate (Mono) (Purity >99%, Powder) and Vitamin B1 (Thiamine) Hydrochloride (HCl) (Purity >99%, Powder) prices in China experienced a mixed direction as the market balanced steady supply with varying demand trends downstream.

The Vitamin B1 (Thiamine) Mononitrate price trend in China registered a slight price decline amid stable production rates, adequate inventories, and caution from feed, food, and pharmaceutical buyers in the market, remaining between USD 27,800–28,800 per metric ton.

In contrast, the Vitamin B1 (Thiamine) price trend in China experienced moderate price support due to sustained inquiries from nutritional supplements and pharmaceutical uses, and a tighter availability, moving the price upward to USD 34,500–35,800 per metric ton. Market sentiment for the two degrees diverged, with Mononitrate facing softer demand, while HCl experienced more active procurement and maintained balanced supply.

In September 2025, Vitamin B1 (Thiamine) prices and Thiamine Hydrochloride (HCl) changed to -2.63% and +2.94%, respectively, led by differing consumption patterns and supply dynamics, as prices appear to track stability into the next quarter.

In Q2 2025, the global Vitamin B1 (Thiamine) market reflected a steady-to-mixed sentiment, with Mononitrate (Mono) and Hydrochloride (HCl) grades displaying contrasting movements across key downstream sectors.

Vitamin B1 Mononitrate prices registered a mild downward adjustment, with fluctuations generally contained within a 2-3% range as subdued demand from feed, food, and pharmaceutical buyers, alongside stable production and comfortable inventories in China, kept market pressures soft.

In contrast, Vitamin B1 Hydrochloride experienced a firmer trend, supported by stronger procurement from nutritional supplements, energy blends, and pharmaceutical applications, pushing quarterly fluctuations into a 6-8% upward band driven by tighter offers and healthier buying momentum.

Consistent raw material costs and stable operating rates helped maintain orderly market behaviour despite differing demand profiles. While Mononitrate saw restrained restocking activity the Hydrochloride (HCl) benefited from more active purchasing and comparatively balanced availability.

China: Vitamin B1 (Thiamine) Export prices FOB Shanghai, China

In Q2 2025, Vitamin B1 (Thiamine) Mononitrate (Mono) (Purity >99%, Powder) and Vitamin B1 (Thiamine) Hydrochloride (HCl) (Purity >99%, Powder) prices in China displayed contrasting patterns as steady supply met varied downstream demand conditions.

Thiamine Mononitrate showed a slight softening trend driven by stable operating rates, comfortable inventories, and cautious procurement from key consuming sectors; the Q2-2025 reported FOB price for Mononitrate was USD 27,500-28,500 per metric ton, representing a change of -2.50% for the quarter.

In contrast, Thiamine Hydrochloride experienced moderate upward support, with improved purchasing interest from supplement and pharmaceutical segments combined with comparatively tighter availability the Q2-2025 reported FOB price for HCl was USD 33,000-34,000 per metric ton range, up +7.02% in the quarter.

Market sentiment for the two grades therefore diverged, with Mononitrate reflecting restrained buying momentum while HCl gained traction amid more active downstream inquiries. Inventories remained generally manageable, and producer operating rates were steady, though selective export offer competitiveness supported HCl enquiry levels.

In Q1 2025, according to Price Watch, 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 (Thiamine) 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. 

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. 

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. 

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.  

Technical Specifications of Vitamin B1 (thiamine) Price Trends

Product Description

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

Identifiers and Classification:

  • CAS No – 59-43-8
  • HS Code – 29362210
  • Molecular Formula – C12H17N4OS
  • Molecular Weight[g/mol] – 265.355 g/mol


Vitamin B1 (Thiamine) Synonyms:

  • Thiamine
  • Thiamin
  • Aneurine


Vitamin B1 (Thiamine) Grades Specific Price Assessment:

  • Thiamine Mononitrate (Mono) (>99%) (Powder) Price Trend
  • Thiamine Hydrochloride (HCl) (>99%) (Powder) Price Trend


Vitamin B1 (Thiamine) Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 5-6 MT, 3-4 MT
  • Packaging Type (Product & Country Specific): Drum


Incoterms Referenced in Vitamin B1 (Thiamine) Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China  Vitamin B1 (Thiamine) Export price from China 
Ex-Zhejiang  Zhejiang, China  Domestically Traded Vitamin B1 (Thiamine) price in China 

*Quotation Terms refers to the quantity range specified for the Vitamin B1 (Thiamine) being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Vitamin B1 (Thiamine) packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Vitamin B1 (Thiamine) Producing Regions and Countries

Region  Country 
Shanghai  China 
Zhejiang  China 

Vitamin B1 (thiamine) Industrial Applications

vitamin b1 market share end use

Historically, several events have caused significant fluctuations in Vitamin B1 (thiamine) 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 Price Watch™?

Price Watch™ is your trusted resource for tracking global vitamin b1 (thiamine) 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 (thiamine) market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watch™ keeps you fully informed of market dynamics.

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

Track Price Watch's™ vitamin b1 (thiamine) 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.

Vitamin B1 (thiamine) Market Price Trend published by Price Watch™ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watch™ assumes no liability for decisions taken based on this information.

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.

Vitamin B1 (Thiamine) is a water-soluble vitamin essential for energy metabolism, nerve function, and carbohydrate utilization in the body. It is widely used in pharmaceuticals, dietary supplements, food fortification and animal feed applications. Common forms include Thiamine Hydrochloride and Thiamine Mononitrate, each suited for different formulations and stability requirements.

Its price is important because it directly impacts the cost of vitamin supplements, fortified foods, pharmaceutical formulations, and feed premixes. Fluctuations in Vitamin B1 pricing can influence production costs and procurement strategies for manufacturers and buyers, making it a key component in global nutrition and healthcare markets. Price-Watch™ tracks these prices to help businesses and consumers understand and stay updated with the market trends.

Vitamin B1 (Thiamine) prices vary by grade, form, and region. They are typically quoted per metric ton and fluctuate based on raw material availability, production rates, and demand from pharmaceutical, food, and feed industries. Differences between Thiamine Hydrochloride and Thiamine Mononitrate, as well as powder versus other formulations, also affect pricing. Price-Watch™ provides real-time price assessments across different global markets to help buyers and sellers make informed decisions.

Vitamin B1 (Thiamine), prices are influenced by changes in raw material costs, manufacturing operating rates, and demand from downstream sectors such as pharmaceuticals, nutrition, and animal feed. Energy costs, environmental regulations, export competition especially from China and inventory levels also play a crucial role. Market trends are often shaped by supply-demand balance, seasonal consumption patterns, and shifts between Thiamine Hydrochloride and Mononitrate usage.

The largest consumers of Vitamin B1 are pharmaceutical manufacturers and nutraceutical companies, followed by food and beverage producers engaged in fortification. A significant share of demand also comes from the animal feed industry, particularly for poultry, swine, and aquaculture nutrition. Additional demand arises from specialty nutrition and healthcare segments. Price-Watch™ analyses demand patterns across all these industries.

Vitamin B1 (Thiamine) is produced through chemical synthesis using intermediates derived from petrochemical sources. It is manufactured by specialized chemical and vitamin producers with advanced production technologies and strict quality control systems. Production levels depend on plant operating rates, regulatory compliance, and global demand conditions.

Global Vitamin B1 exports are led primarily by China due to its large-scale production capacity and cost competitiveness. Other regions, including Europe and India, contribute to global supply, particularly for pharmaceutical-grade material. Export volumes depend on operating rates, regulatory standards, and global trade conditions. Price-Watch™ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Global supply of Vitamin B1 generally meets demand, but short-term imbalances can occur due to plant shutdowns, maintenance activities, or regulatory inspections. Sudden increases in demand from pharmaceutical or feed sectors can tighten supply. Logistics disruptions may also affect availability. Price-Watch™ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Vitamin B1 is available in pharmaceutical, food, and feed grades, each with varying purity, formulation, and regulatory requirements. Thiamine Hydrochloride is widely used in pharmaceuticals and supplements, while Thiamine Mononitrate is commonly used in food and feed applications due to its stability.

Pharmaceutical-grade material commands higher prices due to strict quality and compliance standards, while feed-grade products are comparatively lower priced. Price-Watch™ provides separate price assessments for each grade to ensure market transparency.

A surge in demand, driven by higher supplement consumption, increased feed usage, or stockpiling by manufacturers, can lead to price increases. Suppliers may prioritize long-term contracts, reducing spot market availability and pushing prices upward. Such demand spikes can create short-term market volatility. Price-Watch™ captures these market dynamics in real-time.

Energy costs significantly impact Vitamin B1 production as the manufacturing process is energy intensive. Rising electricity, fuel, and utility costs increase production expenses, which are often passed on to buyers. Transportation and logistics costs also contribute to final pricing. Price-Watch™ analyses in its price assessments & market reports.

Regional price variations arise from differences in production capacity, regulatory compliance costs, energy prices, labor expenses, logistics, and local demand conditions. Import-dependent regions typically face higher prices, while regions with strong production capacity offer more competitive pricing. Price-Watch™ tracks prices across all major regions to highlight these differences.

The price outlook for Vitamin B1 depends on production rates, raw material and energy costs, demand from pharmaceutical and feed industries, and global trade conditions. Inventory levels and macroeconomic factors also influence future price trends. Price-Watch™ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Absolutely. Accurate price forecasts enable buyers to plan procurement, manage inventories, negotiate long-term contracts, and control costs more effectively. If Price-Watch™ forecasts predict a price increase in three months, you might choose to stock up now or lock in long-term contracts at current rates, potentially saving thousands of dollars.

Global events such as pandemics, environmental inspections, plant shutdowns, energy shortages, trade restrictions, geopolitical tensions or logistics disruptions can significantly impact Vitamin B1 supply and pricing. Sudden changes in healthcare demand and nutrition demand can also create volatility. Price-Watch™ provides timely alerts when such events affect the market.

Price-Watch™ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the Vitamin B1 (Thiamine) industry.

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