South Africa - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVitamin Imports in South Africa Drop by 21% to Reach $53 Million in 2023
South Africa Vitamin Imports
In 2023, purchases abroad of provitamins and vitamins decreased by -16% to 5.5K tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of +2.1% over the period from 2013 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 2017 with an increase of 18%. Over the period under review, imports attained the peak figure at 6.8K tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.
In value terms, vitamin imports shrank rapidly to $53M (IndexBox estimates) in 2023. Overall, total imports indicated a modest expansion from 2013 to 2023: its value increased at an average annual rate of +1.2% 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 -32.1% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. As a result, imports reached the peak of $81M. From 2019 to 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Vitamin in South Africa (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 10.0 | 17.0 | 17.9 | 17.2 | 23.8 | 35.9 | 25.2 | 36.1 | 42.1 | 30.9 | 24.9 |
| Switzerland | 10.2 | 9.4 | 9.1 | 7.8 | 6.1 | 11.3 | 10.4 | 9.5 | 10.1 | 8.7 | 7.6 |
| Germany | 7.2 | 7.3 | 5.5 | 6.3 | 10.3 | 10.4 | 11.4 | 8.5 | 6.4 | 11.5 | 6.0 |
| France | 6.2 | 6.1 | 4.0 | 4.0 | 5.9 | 6.2 | 4.1 | 5.0 | 5.1 | 3.8 | 4.2 |
| United Kingdom | 3.8 | 3.2 | 2.9 | 2.7 | 3.5 | 5.0 | 3.2 | 3.3 | 2.1 | 2.2 | 3.0 |
| United States | 4.4 | 3.9 | 2.1 | 1.9 | 1.7 | 5.3 | 3.0 | 3.5 | 3.9 | 3.0 | 2.5 |
| India | 2.5 | 2.3 | 1.9 | 1.7 | 1.5 | 1.8 | 1.9 | 1.7 | 2.1 | 1.1 | 1.4 |
| Others | 2.5 | 3.3 | 3.1 | 3.6 | 6.4 | 5.6 | 6.6 | 7.0 | 5.5 | 5.5 | 3.0 |
| Total | 46.8 | 52.4 | 46.5 | 45.3 | 59.2 | 81.4 | 65.8 | 74.5 | 77.4 | 66.7 | 52.6 |
Imports by Country
In 2023, China (3.6K tons) constituted the largest supplier of vitamin to South Africa, accounting for a 65% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (512 tons), sevenfold. The third position in this ranking was taken by Germany (508 tons), with a 9.3% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-3.8% per year) and Germany (+2.1% per year).
In value terms, China ($25M) constituted the largest supplier of provitamins and vitamins to South Africa, comprising 47% of total imports. The second position in the ranking was taken by Switzerland ($7.6M), with a 14% share of total imports. It was followed by Germany, with an 11% share.
From 2013 to 2023, the average annual rate of growth in terms of value from China totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-3.0% per year) and Germany (-1.7% per year).
Imports by Type
Vitamins; vitamin c and its derivatives, unmixed (2.1K tons), vitamins; vitamin e and its derivatives, unmixed (1.3K tons) and vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (791 tons) were the main products of vitamin imports to South Africa, together accounting for 77% of total imports. Vitamins; vitamins a and their derivatives, unmixed, vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; n.e.s. in heading no. 2936, including natural concentrates, vitamins; vitamin B1 and its derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed and vitamins; vitamin B12 and its derivatives, unmixed lagged somewhat behind, together accounting for a further 23%.
From 2013 to 2023, the biggest increases were recorded for vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed (with a CAGR of +7.7%), while purchases for the other products experienced more modest paces of growth.
In value terms, provitamins and vitamins with the largest imports in South Africa were vitamins; vitamin e and its derivatives, unmixed ($12M), vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($9.3M) and vitamins; vitamins a and their derivatives, unmixed ($9.1M), together accounting for 57% of total imports. Vitamins; vitamin c and its derivatives, unmixed, vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; n.e.s. in heading no. 2936, including natural concentrates, vitamins; vitamin B1 and its derivatives, unmixed and vitamins; vitamin B12 and its derivatives, unmixed lagged somewhat behind, together comprising a further 43%.
Import Prices by Country
In 2023, the vitamin price amounted to $9,594 per ton (CIF, South Africa), dropping by -6.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $15,853 per ton. From 2019 to 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($40,165 per ton), while the price for China ($6,980 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), 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 South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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
