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Vitamin B1 (thiamine) Price Trend and Forecast

âźł 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

Vitamin B1 (Thiamine) Price Trend Q3 2025

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. Prices for Vitamin B1 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) pricing is expected to reduce variability through the next quarter and beyond.

China

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

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 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 Thiamine Hydrochloride 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, prices for Thiamine Mononitrate 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.

Vitamin B1 (Thiamine) Price Trend Analysis: Q2 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 (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 PriceWatch?

PriceWatch 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, 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 (thiamine) prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely vitamin b1 (thiamine) market data.

Track PriceWatch'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.

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. 

Vitamin B1 (thiamine) 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 (thiamine). 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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