Global Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size

The global medicaments containing vitamins market rose to $X in 2023, growing by X% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the global market failed to regain momentum.

Medicaments Containing Vitamins Production

In value terms, medicaments containing vitamins production rose modestly to $X in 2023 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2023, global production growth remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports

In 2023, the amount of medicaments containing vitamins and provitamins exported worldwide expanded markedly to X tons, growing by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The global exports peaked in 2023 and are likely to see steady growth in the immediate term.

In value terms, medicaments containing vitamins exports rose significantly to $X in 2023. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The global exports peaked at $X in 2014; afterwards, it flattened through to 2023.

Exports by Country

In 2023, India (X tons), distantly followed by Germany (X tons), the United States (X tons), the Netherlands (X tons), France (X tons), China (X tons) and Hong Kong SAR (X tons) represented the largest exporters of medicaments containing vitamins and provitamins, together constituting X% of total exports. Japan (X tons), Australia (X tons), Canada (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to medicaments containing vitamins exports from India stood at X%. At the same time, Hong Kong SAR (X%), the Netherlands (X%), Japan (X%), Australia (X%), Hungary (X%), Canada (X%), Germany (X%), China (X%) and France (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, the United States (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Germany (X p.p.), India (X p.p.), Hong Kong SAR (X p.p.), Japan (X p.p.) and Australia (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average medicaments containing vitamins export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The global export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports

In 2023, global imports of medicaments containing vitamins and provitamins was estimated at X tons, almost unchanged from the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of global imports failed to regain momentum.

In value terms, medicaments containing vitamins imports expanded rapidly to $X in 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of medicaments containing vitamins imports in 2023 were China (X tons), Germany (X tons), the UK (X tons), Russia (X tons), Belgium (X tons), Japan (X tons), South Korea (X tons), France (X tons), Vietnam (X tons), Hong Kong SAR (X tons), Mexico (X tons) and Poland (X tons), together recording X% of total import. The United States (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Russia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of global imports. Germany, Hong Kong SAR, Poland, the UK, Vietnam, France, Belgium, South Korea, Japan and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform