Global Vitamin E Trade Drops 81% from Peak: $1.40 Billion Market Enters a Sharp 2026 Slowdown

Global vitamin E trade moved from strong mid-2025 performance into a severe volume, value and liquidity contraction at the beginning of 2026.

Between March 2025 and February 2026, the market recorded:

• 133.41 million kg of vitamin E traded
• 265.85 million reported quantity units
• USD 1.40 billion in total transaction value
• 228,263 trade records
• Weighted average price of USD 10.4917/kg
• Average value of USD 5.2648 per reported quantity unit

Physical trade weight reached its annual high in September 2025 at 14.54 million kg and remained close to that level in October. By February 2026, monthly volume had fallen to only 2.70 million kg, representing an 81.5% peak-to-trough contraction.

The slowdown was even more pronounced in other indicators. Reported quantity declined 92.0% from its April peak, while monthly transaction value fell 92.1% from the June high. Trade count also dropped from 22,062 transactions in December to 11,275 in February.

Pricing followed a different pattern. The average weight-based price peaked at USD 15.52/kg in July 2025, before declining to USD 5.00/kg in February 2026.

The simultaneous decline in volume, value, price and trade participation at the end of the period points to more than an ordinary supply interruption. It suggests a broader reduction in purchasing activity, inventory demand or the share of higher-value product grades.

For vitamin E buyers, suppliers and distributors, the data highlights the importance of monitoring physical volume, product mix, transaction liquidity and price together. A decline in weight does not always mean supply is tight, and a lower price does not necessarily mean procurement will be easier.

Key Vitamin E Market Findings

Global trade value reached USD 1.40 billion. The market maintained substantial commercial scale despite the sharp late-period slowdown.

Physical volume declined by 81.5%. Monthly trade weight fell from 14.54 million kg in September 2025 to 2.70 million kg in February 2026.

Reported quantity declined by 92.0%. Quantity peaked at 49.42 million units in April before falling to 3.95 million units in February.

June generated the highest monthly transaction value. Total value reached USD 171.31 million, supported by both substantial volume and a higher-value product mix.

July recorded the strongest price per kilogram. The monthly average reached USD 15.52/kg, almost three times the February low.

December recorded the highest number of transactions. A total of 22,062 trades were completed, although average weight and value per trade had already begun to decline.

February marked a broad market contraction. Weight, quantity, value, price and average transaction size all reached or approached their lowest levels.

Transaction value was strongly influenced by pricing. Months with higher prices per kilogram, particularly June through August, generated disproportionate value even without leading the market in physical tonnage.

Trade count closely followed physical volume. The strong relationship between weight and transaction activity indicates that the early-2026 contraction affected both shipment size and market participation.

Global Vitamin E Trade Overview

Vitamin E is used across several major downstream sectors:

• Animal feed and premixes
• Dietary supplements
• Functional foods
• Pharmaceutical products
• Infant and clinical nutrition
• Cosmetics and personal care
• Food preservation
• Pet nutrition
• Industrial antioxidant applications

The commercial vitamin E market includes multiple products and specifications, such as:

• Synthetic vitamin E
• Natural vitamin E
• Tocopherol concentrates
• Mixed tocopherols
• Vitamin E acetate
• Feed-grade vitamin E
• Food-grade vitamin E
• Pharmaceutical-grade vitamin E
• Powder and oil formulations
• Different active-content concentrations

Prices can vary significantly according to concentration, origin, grade, certification, formulation, package size and end-use requirements.

A feed-grade vitamin E product should not be directly compared with pharmaceutical-grade tocopherol or a high-purity natural vitamin E concentrate. Changes in the monthly product mix can therefore shift average trade prices even when overall supply conditions remain stable.

Overall Vitamin E Trade Performance

The market averaged approximately:

• 11.12 million kg per month
• 22.15 million reported units per month
• USD 116.64 million in monthly transaction value
• 19,022 trades per month

These averages conceal the scale of the late-period decline.

February 2026 recorded only 24% of the average monthly weight and approximately 12% of the average monthly transaction value.

Monthly Vitamin E Trade Data

Monthly Weight, Quantity and Transaction Value

Monthly Prices and Trade Activity

Physical Trade Flow: A Stable 2025 Market Followed by a Rapid Decline

March Opened with Strong Volume and Value

March 2025 recorded 11.49 million kg of vitamin E trade and generated USD 131.11 million in transaction value.

The average price reached USD 11.42/kg, above the full-period weighted average.

Average weight per trade was approximately 617 kg, while average transaction value reached USD 7,040.

The month established a relatively strong starting point, with solid physical volume, pricing and trade activity.

April Quantity Surged While Price per Kilogram Declined

Physical weight increased 14.5% in April to 13.15 million kg.

Reported quantity rose much faster, increasing 178.6% to 49.42 million units, the highest monthly quantity in the dataset.

The implied weight per reported unit fell from approximately 0.65 kg in March to only 0.27 kg in April.

This divergence indicates a substantial change in package structure, reporting units or product mix.

At the same time:

• Price per kilogram fell 21.1% to USD 9.01
• Value per reported unit fell to USD 2.40
• Trade count increased to 21,380
• Monthly transaction value declined 9.6%

April provided strong physical availability at a price below the annual weighted average.

For buyers able to verify the grade and concentration of the available product, the month represented an attractive procurement window.

However, the surge in reported quantity should not be interpreted as an equivalent increase in physical supply. Each reported unit represented substantially less weight than in March.

May Volume and Market Value Eased

May physical weight declined 15.4% to 11.12 million kg.

Reported quantity fell 61.7%, returning to a level closer to March.

The average price recovered slightly to USD 9.71/kg, while monthly transaction value declined to USD 107.99 million.

The market remained liquid, with more than 20,500 trades, but the combination of lower physical weight and lower total value indicated a cooling from April.

June to August: The Highest-Value Period

The June–August period generated the greatest commercial value of the year.

Across the three months, the market recorded:

• 33.50 million kg
• 94.57 million reported units
• USD 488.17 million in transaction value
• Weighted average price of USD 14.57/kg

This three-month period generated approximately 34.9% of total annual value from only 25.1% of annual physical weight.

The imbalance confirms that the trade basket shifted toward more valuable products, stronger prices or higher-specification grades.

June Recorded the Highest Monthly Transaction Value

June weight increased 9.3% to 12.16 million kg.

Reported quantity rose 151.4% to 47.61 million units, the second-highest monthly quantity.

Transaction value surged 58.6% to USD 171.31 million, the annual high.

The average price increased from USD 9.71/kg in May to USD 14.09/kg.

Average value per trade reached approximately USD 8,690, the highest level of the reporting period.

The strong performance was not driven by record physical weight. Instead, June combined:

• Substantial physical availability
• High reported quantity
• A sharply higher price per kilogram
• High average transaction value
• A more valuable trade mix

For suppliers, June provided one of the strongest revenue and margin environments.

For buyers, it was a high-cost period despite reasonable physical availability.

July Reached the Highest Price per Kilogram

July physical weight declined 14.5% to 10.39 million kg.

Despite the lower volume, transaction value remained high at USD 161.28 million.

The average price increased to USD 15.52/kg, the highest monthly level.

July’s price was:

• 47.9% above the annual weighted average
• 72.2% above April
• More than three times the February 2026 level

The price strength suggests that the monthly trade basket contained a larger share of premium, high-concentration or higher-compliance vitamin E products.

Average value per trade remained elevated at approximately USD 8,630.

For buyers, July represented the least attractive period for price-sensitive procurement.

For suppliers holding qualified inventory, the month provided the strongest pricing environment.

August Maintained High Value Despite Moderate Weight

August physical weight recovered modestly to 10.94 million kg.

Transaction value remained high at USD 155.58 million, while the average price reached USD 14.22/kg.

Trade count increased to 20,497.

The month confirmed that the June–August price strength was not limited to a single temporary transaction. High prices were sustained across a broad and active trading base.

September to November: Physical Volume Peaked as Prices Weakened

September Recorded the Highest Physical Weight

September trade weight increased 32.9% to 14.54 million kg, the highest monthly level.

However, transaction value declined to USD 146.37 million because the price per kilogram fell 29.2% to USD 10.07.

The month represented a transition from the high-price June–August market to a higher-volume but lower-priced environment.

September offered buyers:

• Maximum physical availability
• Price close to the annual weighted average
• Strong trade participation
• Above-average transaction size
• Lower pricing than June, July or August

Average weight per transaction reached approximately 720 kg, one of the highest monthly levels.

For bulk buyers, September was one of the clearest procurement opportunities.

October Maintained Near-Record Physical Volume

October weight remained at 14.49 million kg, only 0.35% below September.

Together, September and October represented more than 21.7% of total annual physical weight.

The average price declined further to USD 9.37/kg.

Trade count increased to 21,556, while average weight per trade remained relatively high at approximately 672 kg.

October provided another favorable combination of:

• High physical availability
• Active trade participation
• Below-average pricing
• Larger transaction sizes

The reported quantity was substantially lower than in September, but the implied weight per reported unit rose to 1.05 kg, the highest level recorded during 2025.

This suggests a shift toward larger physical units or more consolidated shipment structures.

November Volume Remained Strong but Revenue Continued to Decline

November physical weight reached 13.83 million kg, the third-highest monthly total.

Reported quantity rose 74.8% to 24.07 million units, but transaction value declined 8.6% to USD 124.11 million.

The average price fell to USD 8.98/kg.

November therefore remained a strong physical procurement month, but supplier pricing power was weakening.

The combination of high weight and lower pricing gave buyers considerable leverage, particularly for bulk and standardized grades.

December to February: The Market Entered a Severe Contraction

The final three months represented the clearest turning point in the dataset.

Compared with September–November, the December–February period recorded:

• 50.3% less physical weight
• 53.2% less reported quantity
• 63.6% less transaction value
• 21.0% fewer trades
• A weighted average price decline from USD 9.48/kg to USD 6.93/kg

This was not simply a reduction in volume. Price, value and average transaction economics weakened at the same time.

December Trade Count Peaked as Average Deal Size Fell

December physical weight declined 17.1% to 11.46 million kg.

Transaction value fell 21.1% to USD 97.88 million.

However, trade count increased to 22,062, the highest monthly total.

The rise in transactions did not translate into greater physical volume.

Average weight per trade fell to approximately 519 kg, while average value per trade declined to USD 4,436.

The December pattern indicates growing order fragmentation:

• More individual trades
• Less weight per transaction
• Lower value per transaction
• Continued price erosion

A high trade count therefore did not indicate stronger market demand. Instead, buyers appeared to be purchasing smaller amounts or splitting requirements across more transactions.

January Recorded a Step Change in Market Activity

January physical weight declined 37.6% month on month to 7.15 million kg.

Reported quantity fell 71.1%, while transaction value declined 62.9% to USD 36.33 million.

Trade count dropped to 14,695.

The average price per kilogram fell sharply from USD 8.54 to USD 5.08.

This pattern differs from a conventional supply shortage. If physical availability alone had tightened, prices would generally be expected to remain firm or rise.

Instead, weight, quantity, value, trade count and price all declined.

The data is more consistent with:

• Broad buyer destocking
• Reduced purchasing activity
• A shift toward lower-priced product grades
• Seasonal interruption
• Lower downstream operating rates
• Delayed contract execution

The exact cause cannot be determined from aggregated trade data alone, but the commercial effect was clear: market activity weakened sharply.

February Recorded the Lowest Physical Volume and Price

February trade weight fell another 62.3% to only 2.70 million kg.

The month represented just 2.02% of total annual weight.

Monthly results included:

• 3.95 million reported units
• USD 13.49 million in transaction value
• 11,275 trades
• USD 5.00/kg
• Average transaction value of only USD 1,197

Compared with the annual peaks:

• Physical weight was down 81.5%
• Reported quantity was down 92.0%
• Transaction value was down 92.1%
• Trade count was down 48.9%
• Price per kilogram was down 67.7%

February’s low price did not result from abundant supply. It occurred during the weakest physical and commercial activity of the entire period.

This points to market-clearing pressure rather than a buyer-friendly supply surge.

Buyers may have found individual low-priced offers, but they also faced:

• Reduced supplier participation
• Narrower product selection
• Greater uncertainty over grade mix
• Less reliable price discovery
• Smaller average transactions
• Higher counterparty concentration
• Potentially weaker downstream demand

Monthly Weight Ranking

The top three months—September, October and November—accounted for 32.12% of total annual weight.

These months formed the strongest physical supply window.

The bottom two months—January and February—contributed only 7.38%.

Quantity and Packaging Mix

Reported quantity followed a different pattern from physical weight.

Quantity peaked in April at 49.42 million units, while physical weight peaked five months later in September.

The relationship between physical weight and quantity was moderate rather than direct.

The implied weight per reported unit ranged from:

• 0.26 kg in June
• 0.27 kg in April
• 0.46 kg in July
• 0.72 kg in September
• 1.05 kg in October
• 1.37 kg in January

This variation indicates substantial changes in unit structure.

Possible factors include:

• Different package sizes
• Powder versus oil formulations
• Different active-content concentrations
• Feed-grade versus food or pharmaceutical grades
• Bulk versus packaged shipments
• Customs-reporting conventions
• Consolidation of commercial lots
• Changes in destination and buyer type

A high reported quantity does not necessarily mean that more physical vitamin E entered the market.

April and June recorded exceptional quantity levels, but their physical weight remained below the September and October peaks.

For procurement comparisons, reported quantity should always be reviewed together with:

• Net weight
• Active vitamin E content
• Product formulation
• Grade
• Package size
• Number of packages
• Incoterm
• Freight
• Documentation
• Minimum order quantity

Transaction Value: High Prices Drove Mid-Year Revenue

Monthly transaction value ranged from:

• USD 171.31 million in June 2025
• USD 13.49 million in February 2026

The June high was approximately 12.7 times the February low.

June to August Dominated Annual Value

The three highest-value months were:

Together, they accounted for 34.88% of total annual transaction value.

The period did not contain the highest physical weight. Its value leadership came from stronger average prices.

September to November Led by Physical Volume

September, October and November generated the most physical tonnage, but value declined each month as pricing weakened.

This contrast shows that the market moved from a high-value phase into a high-volume phase.

For suppliers:

• June–August favored margin and revenue quality.
• September–November favored volume turnover and customer coverage.

For buyers:

• June–August carried greater price exposure.
• September–November offered better physical availability and lower pricing.

Vitamin E Price Analysis

The weight-based price ranged from:

• High: USD 15.5157/kg in July
• Low: USD 5.0039/kg in February

The July high was approximately 3.1 times the February low.

Months Above the Annual Weighted Average

The full-period weighted average was USD 10.4917/kg.

Months above this level included:

June through August formed the clearest seller-controlled pricing period.

Months Below the Annual Weighted Average

September through November provided the most attractive combination of large physical volume and below-average pricing.

January and February recorded lower prices but much weaker trade activity, reducing their practical value as broad procurement windows.

Volume and Price Did Not Move in a Simple Inverse Pattern

Physical weight and price per kilogram had a moderate positive relationship during the period.

This means higher volumes did not consistently push prices lower.

The relationship was influenced by the mid-year period, when both trade value and pricing remained high despite substantial physical activity.

Possible reasons include:

• Strong downstream demand
• Higher-value product mix
• Higher concentration or purity
• Feedstock and production-cost changes
• Grade-specific shortages
• Freight and packaging premiums
• Regional differences in customer demand

Buyers should not assume that a high-volume month automatically delivers the lowest price.

The strongest buying opportunities occurred when high weight and lower prices appeared together, particularly in September, October and November.

Transaction Liquidity and Average Deal Size

Trade Count Remained High Through Most of 2025

Monthly trades generally remained between 18,600 and 22,100 throughout March–December 2025.

The market maintained broad participation even when weight and pricing changed.

This indicates a relatively liquid trade environment across most of 2025.

December’s Trade Peak Masked Smaller Orders

December recorded the highest trade count at 22,062.

However:

• Average weight per trade fell to 519 kg
• Average quantity per trade fell to 815 units
• Average value per trade fell to USD 4,436

The increase in transaction frequency was therefore driven by more fragmented purchasing, not stronger physical demand.

Average Deal Size Collapsed in Early 2026

By February, average weight per trade was only 33% of the November level, while average value per trade was only 18%.

The market was not simply executing fewer orders. The remaining orders were also substantially smaller and less valuable.

Four Distinct Market Phases

March–May 2025: Balanced Volume and Moderate Pricing

This period offered moderate pricing, strong liquidity and relatively stable physical volume.

April provided the strongest procurement conditions within the period because weight was high and price fell to USD 9.01/kg.

June–August 2025: High-Value Seller Market

This was the highest-priced and highest-value period.

It favored suppliers and sellers with qualified inventory, particularly for premium grades and higher-value applications.

September–November 2025: High-Volume Buyer Window

This period recorded the greatest physical supply.

The weighted price was more than 35% below the June–August level.

For bulk buyers and procurement teams, September–November offered the strongest combination of supply availability, liquidity and pricing.

December 2025–February 2026: Demand and Liquidity Contraction

Physical volume fell by half compared with the preceding three-month period.

Transaction value declined nearly two-thirds.

The falling weighted price shows that the contraction was not driven primarily by tight supply. Demand weakness, destocking or a shift toward lower-value products played a larger role.

Main Risks for Vitamin E Buyers and Suppliers

1. Demand and Volume Risk

The 81.5% peak-to-trough decline in physical weight shows how quickly market activity can weaken.

Suppliers relying on high operating rates or large inventory positions may face significant exposure if downstream buyers begin destocking.

Buyers should also consider the risk that reduced market activity may limit access to specific grades even when average prices are falling.

2. Price and Product-Mix Risk

Monthly prices ranged from USD 5.00/kg to USD 15.52/kg.

Some of this variation may reflect underlying market movement, but grade mix is also important.

Price comparisons should distinguish between:

• Feed-grade vitamin E
• Food-grade material
• Pharmaceutical-grade material
• Natural and synthetic vitamin E
• Vitamin E acetate
• Mixed tocopherols
• Powder and oil formulations
• Different potency levels

3. Liquidity Risk

Trade count fell almost 49% from the December high to the February low.

A less liquid market may create:

• Fewer comparable quotations
• Reduced supplier choice
• Wider price differences
• Longer execution periods
• Greater counterparty concentration
• Lower reliability of monthly price averages

4. Inventory Risk

High-volume procurement periods can reduce unit cost, but excessive inventory creates:

• Working-capital pressure
• Storage costs
• Shelf-life exposure
• Product degradation risk
• Specification-change risk
• Customer destocking exposure
• Potential inventory write-downs

5. Raw-Material and Production Risk

Vitamin E production economics may be influenced by intermediate availability, energy costs, plant operating rates and maintenance schedules.

A decline in market price does not automatically mean that producer margins remain healthy.

Sustained low pricing may eventually trigger:

• Production reductions
• Plant maintenance
• Supplier consolidation
• Lower spot availability
• Delayed capacity investment

6. Quality and Compliance Risk

Vitamin E used in feed, food, pharmaceuticals and cosmetics is subject to different standards.

Contracts should clearly define:

• Active-content percentage
• Product form
• Purity
• Identification method
• Heavy-metal limits
• Residual solvents
• Stability
• Shelf life
• Antioxidant system
• Packaging
• Regulatory documentation
• Certificate of Analysis

7. Packaging and Reporting Risk

The implied weight per reported quantity unit varied widely.

Buyers should not compare offers solely through reported unit prices.

Each quotation should include:

• Net kilograms
• Package size
• Number of packages
• Product concentration
• Active-content basis
• Delivered cost per active kilogram
• Incoterm
• Freight and handling

8. Counterparty and Credit Risk

A sharp decline in average transaction value can place pressure on suppliers, traders and smaller distributors.

Credit terms, payment security and supplier financial stability become more important during a prolonged demand slowdown.

Vitamin E Procurement Opportunity Calendar

Best Procurement Windows

September to November: Strongest Overall Buying Period

The September–November period combined:

• Highest three-month physical volume
• More than 60,000 trades
• Weighted price of USD 9.48/kg
• Broad market availability
• Larger average transaction sizes

For buyers requiring significant commercial volume, this was the strongest procurement period.

April: Early-Year Buying Opportunity

April offered high physical weight and a price of only USD 9.01/kg.

The market was also highly liquid, recording more than 21,000 trades.

Buyers needed to verify package and product mix because reported quantity increased disproportionately.

January and February: Low Price but Higher Market Risk

Early 2026 delivered the lowest prices, but the market also recorded:

• Lower physical supply
• Fewer transactions
• Smaller average order sizes
• Lower transaction value
• Reduced price transparency

These months may provide selective purchasing opportunities for buyers with established suppliers and flexible requirements.

They were less suitable for companies requiring broad supplier choice, large immediate volume or specialized grades.

Sales Opportunities for Vitamin E Suppliers

June to August: Best Period for Margin Protection

The weighted price reached USD 14.57/kg during June–August.

Suppliers should use comparable periods to:

• Prioritize higher-margin customers
• Defend premium-grade pricing
• Shorten quote-validity periods
• Allocate limited inventory
• Negotiate stronger payment terms
• Promote application-specific products

September to November: Volume and Customer-Coverage Period

The high physical supply environment favored:

• Large contract deliveries
• Customer acquisition
• Distributor expansion
• Inventory turnover
• Annual-volume negotiations
• Competitive package offerings

Suppliers needed stronger cost control because average prices were lower.

December: Fragmented Demand Opportunity

December’s high trade count and smaller average transaction size may favor:

• Regional distributors
• Smaller package formats
• Flexible minimum order quantities
• Rapid delivery
• Multi-grade portfolios
• Smaller downstream customers

January and February: Protect Cash Flow

The early-2026 contraction required greater discipline.

Suppliers should consider:

• Reducing speculative inventory
• Reviewing customer stock levels
• Tightening credit control
• Prioritizing confirmed orders
• Adjusting production schedules
• Avoiding broad discounts without clear demand response
• Accelerating receivables

Recommended Actions for Procurement Managers

Standardize Every Vitamin E Quotation

Each supplier offer should be converted into a consistent comparison covering:

• Price per kilogram
• Price per active kilogram
• Product grade
• Vitamin E concentration
• Natural or synthetic origin
• Product form
• Package size
• Net weight
• Incoterm
• Freight
• Lead time
• Payment terms
• Shelf life
• Required certification

Use a Staged Purchasing Structure

A practical procurement plan can include:

• Contracted base volume
• Safety-stock volume
• Flexible quarterly allocation
• Opportunistic spot purchases
• Emergency supplier capacity

Qualify Suppliers Before Liquidity Declines

Supplier approval should be completed during stable periods.

Waiting until trade count and availability have already contracted reduces negotiating leverage and increases quality and execution risk.

Monitor Value and Price Alongside Weight

A decline in weight accompanied by rising prices may indicate tightening availability.

A decline in weight accompanied by falling prices, as seen in early 2026, is more likely to indicate demand weakness or a lower-value product mix.

Compare Total Delivered Cost

The lowest product price may be offset by:

• Lower active concentration
• Higher freight
• Smaller package premiums
• Storage requirements
• Financing costs
• Short remaining shelf life
• Quality or compliance risk

Recommended Actions for Suppliers and Distributors

Separate Volume Strategy from Margin Strategy

June–August and September–November required different commercial approaches.

High-price months favored margin management. High-volume months favored market share and inventory turnover.

Segment Customers by Application

Feed, food, supplements, pharmaceuticals and cosmetics require different quality standards and commercial positioning.

Pricing should reflect:

• Grade
• Compliance
• Documentation
• Traceability
• Stability
• Technical support
• Packaging
• Delivery reliability

Use Flexible Packaging to Reach More Buyers

Package options may include:

• Bulk industrial formats
• Standard drums
• Food-grade packaging
• Smaller distributor packs
• Oil and powder formats
• Customized concentrations
• Regional repacking

Treat Trade Count and Average Ticket as Early Indicators

A rising trade count with falling average order size may signal buyer caution or fragmentation.

Falling trade count, weight and value together provide a stronger warning of market contraction.

Indicators to Monitor in Future Vitamin E Trade Cycles

Buyers and suppliers should track:

• Producer operating rates
• Plant maintenance
• Key intermediate availability
• Energy and raw-material costs
• Feed-industry demand
• Premix production
• Dietary supplement demand
• Food and pharmaceutical consumption
• Regional inventories
• Customer destocking and restocking
• Import and export policy
• Freight and container availability
• Grade and concentration mix
• Currency movements
• Supplier credit conditions

Several combined signals are particularly useful:

Rising weight with stable or falling prices may indicate a favorable procurement window.

Falling weight with rising prices may indicate tighter physical availability.

Rising value without rising weight may indicate a shift toward premium grades.

Rising trade count with falling average deal size may indicate fragmented demand.

Falling weight, price, value and trade count together may indicate broader demand weakness.

Conclusion

Global vitamin E trade between March 2025 and February 2026 generated USD 1.40 billion in value across 228,263 trades, covering approximately 133.41 million kg.

The market remained relatively strong through most of 2025, but its structure changed significantly over the year.

June through August delivered the highest prices and transaction value. September through November generated the largest physical supply. December recorded the most individual transactions, but average deal sizes were already falling.

The market then entered a sharp contraction.

Physical weight declined from 14.54 million kg in September to 2.70 million kg in February, an 81.5% drop.

Transaction value fell from USD 171.31 million in June to USD 13.49 million in February, while the price per kilogram declined from a July high of USD 15.52 to USD 5.00.

Because volume, value, price and trade participation all weakened together, the early-2026 decline appears more consistent with demand contraction, destocking or a lower-value product mix than with a conventional supply shortage.

For buyers, September through November offered the strongest overall procurement conditions, combining high physical availability with below-average pricing. April provided another useful buying window. January and February offered lower headline prices but greater liquidity, specification and execution risks.

For suppliers, June through August provided the best conditions for margin and value optimization. September through November favored volume turnover and customer expansion. Early 2026 required tighter inventory, credit and production discipline.

The key lesson is that vitamin E market strategy should not be based on monthly price alone.

Buyers and suppliers must evaluate physical weight, reported quantity, product grade, active content, package structure, transaction liquidity and downstream demand together.

By combining trade data intelligence with real-time supply, inventory and demand indicators, market participants can identify more reliable procurement windows, protect margins and respond earlier to changes in the global vitamin E market.