Argentina: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Argentina

In 2021, after three years of decline, there was significant growth in the Argentinian medicaments containing vitamins market, when its value increased by 8.6% to $X. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Medicaments Containing Vitamins Production in Argentina

In value terms, medicaments containing vitamins production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 44%. Medicaments containing vitamins production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from Argentina

In 2021, overseas shipments of medicaments containing vitamins and provitamins decreased by -8.2% to X tons, falling for the sixth consecutive year after four years of growth. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 8.7%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports contracted slightly to $X in 2021. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 8.4%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Ecuador (X tons) and Paraguay (X tons) were the main destinations of medicaments containing vitamins exports from Argentina, together accounting for 54% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +1.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Paraguay ($X) and Ecuador ($X) were the largest markets for medicaments containing vitamins exported from Argentina worldwide, together accounting for 41% of total exports. These countries were followed by Mexico, Colombia, Peru, Bolivia, Brazil and Chile, which together accounted for a further 43%.

Bolivia, with a CAGR of +2.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medicaments containing vitamins export price amounted to $X per ton, surging by 3.7% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 an increase of 6.9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Argentina

In 2021, overseas purchases of medicaments containing vitamins and provitamins increased by 211% to X tons, rising for the second year in a row after four years of decline. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins imports surged to $X in 2021. Over the period under review, imports, however, recorded a noticeable contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest medicaments containing vitamins supplier to Argentina, with a 75% share of total imports. Moreover, medicaments containing vitamins imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Austria (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +80.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.1% per year) and Austria (+44.0% per year).

In value terms, Germany ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Argentina, comprising 47% of total imports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total imports. It was followed by Greece, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+53.0% per year) and Greece (+33.0% per year).

Import Prices by Country

In 2021, the average medicaments containing vitamins import price amounted to $X per ton, which is down by -51.8% against the previous year. Overall, the import price faced a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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