Canada - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImport of Vitamins in Canada Drops to $235M in 2023
Canada Vitamin Imports
In 2023, purchases abroad of provitamins and vitamins decreased by -10.4% to 15K tons, falling for the second year in a row after two years of growth. Overall, imports, however, posted mild growth. The growth pace was the most rapid in 2018 with an increase of 135%. Over the period under review, imports reached the maximum at 18K tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.
In value terms, vitamin imports contracted sharply to $235M (IndexBox estimates) in 2023. In general, total imports indicated a slight expansion from 2013 to 2023: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -21.2% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Imports peaked at $320M in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Vitamin in Canada (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 96.7 | 86.2 | 76.5 | 85.8 | 116 | 135 | 110 | 92.5 | 101 | 96.7 | 96.5 |
| China | 40.7 | 50.8 | 49.3 | 55.9 | 74.7 | 111 | 85.5 | 109 | 112 | 96.0 | 69.2 |
| France | 6.9 | 6.6 | 5.6 | 6.1 | 7.9 | 14.3 | 11.6 | 14.0 | 16.8 | 24.2 | 19.2 |
| Switzerland | 17.7 | 13.8 | 12.2 | 15.0 | 16.1 | 20.8 | 12.7 | 19.2 | 22.5 | 21.0 | 14.3 |
| Germany | 14.9 | 9.4 | 8.3 | 10.4 | 12.7 | 14.8 | 14.2 | 14.8 | 13.4 | 20.0 | 13.5 |
| United Kingdom | 3.1 | 2.5 | 2.6 | 3.1 | 3.8 | 6.8 | 5.5 | 7.9 | 9.3 | 11.6 | 7.8 |
| India | 1.3 | 3.3 | 3.0 | 2.5 | 3.2 | 2.1 | 2.8 | 3.6 | 8.2 | 5.8 | 4.2 |
| Others | 15.9 | 12.8 | 11.0 | 12.8 | 13.9 | 15.9 | 15.4 | 14.4 | 15.4 | 10.5 | 10.0 |
| Total | 197 | 186 | 168 | 192 | 249 | 320 | 257 | 276 | 298 | 286 | 235 |
Imports by Country
China (6.4K tons), the United States (5.3K tons) and France (938 tons) were the main suppliers of vitamin imports to Canada, together comprising 83% of total imports. Switzerland, Germany, the UK and India lagged somewhat behind, together accounting for a further 14%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest vitamin suppliers to Canada were the United States ($97M), China ($69M) and France ($19M), with a combined 79% share of total imports. Switzerland, Germany, the UK and India lagged somewhat behind, together comprising a further 17%.
India, with a CAGR of +12.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Vitamins; vitamin c and its derivatives, unmixed (3.9K tons), vitamins; vitamin e and its derivatives, unmixed (3.7K tons) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (3.1K tons) were the main products of vitamin imports to Canada, together accounting for 70% of total imports. Vitamins; n.e.s. in heading no. 2936, including natural concentrates, vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed, vitamins; vitamin B12 and its derivatives, unmixed and vitamins; vitamin B6 and its derivatives, unmixed lagged somewhat behind, together accounting for a further 30%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by vitamins; vitamin B2 and its derivatives, unmixed (with a CAGR of +6.1%), while imports for the other products experienced more modest paces of growth.
In value terms, provitamins and vitamins with the largest imports in Canada were vitamins; n.e.s. in heading no. 2936, including natural concentrates ($59M), vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($58M) and vitamins; vitamin e and its derivatives, unmixed ($48M), together accounting for 71% of total imports. Vitamins; vitamin c and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamin B12 and its derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed and vitamins; vitamin B6 and its derivatives, unmixed lagged somewhat behind, together accounting for a further 29%.
Import Prices by Country
In 2023, the vitamin price amounted to $15,408 per ton (CIF, Canada), waning by -8.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 98% against the previous year. Over the period under review, average import prices hit record highs at $42,637 per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($21,180 per ton), while the price for China ($10,815 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the vitamin market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
