The biotin gets more and more popularity in the international market

The evidence can be found from the raising and falling price of biotin. Before 2000, USP biotin prices are about $ 2,000 to $ 4,000 per kilogram in the market. In 2002, this biotin price is from $ 5000 to 7000 per kg, and the products are often out of stock (due to the manufacturers underestimated the time and have not timely expansion). The price spikes prompted some manufacturers operating at full capacity to produce biotin.

In 2002, total sales of the biotin on the international market have reached 80 tons, plus the share of the seasoning level of biotin, the total output has over three hundred tons. China impacts the international market. China had very few biotin exporters. As the biotin on the international market prices rising, the biotin supplier has begun to export biotin products. Because the excessive exports of biotin, it leads to the drop of biotin price in the international market. It is about $ 1,000 per kilogram. Unprecedented low prices make major biotin producers difficult to adhere to and eventually stop production of biotin withdrawn from the market.

In addition to China, only a few manufacturers continue to produce biotin, but the products are mainly supply their own use, rarely exported overseas. To the beginning of 2004, China's exports biotin international markets accounted for total sales of nearly 80%. So far, China has become the master of the international biotin industry. Although the biotin market downturn, but last the biotin year international market has emerged a new turn. The main factor is biotin as a feed additive to have poultry feed can greatly shorten the time on hand. The biotin’s effect on monogastric animals (chickens, ducks, and geese) is more pronounced than the animal (such as cattle, sheep, etc.). Sales of feed-grade biotin soared in the international market and the dosage has been close to 85% of the total output of biotin.

The average price of feed-grade biotin 450 to $ 550 per kilogram. As in previous years, the major Western manufacturers of biotin have been discontinued or reduced production, since July last year, international biotin-market rates began to rise in August, and the price of the USP grade biotin has been restored to the 1300 to 1400 U.S. dollars per kilogram.

Cosmetics material biotin has excellent cosmetic effects. It also develops a new medical use for the biotinylated products. Biotin’s applications in skin, nail and hairs will inevitably lead to increasing in sales of pharmaceutical grade biotin. Biotin production has an increase of 80% in this year. Most of the products are used in cosmetics. It can be expected that biotin’s new applications in cosmetics will drive the rise of biotin’s overall production and sales.Source:http://www.cosprm.com