Australia and Oceania: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Australia and Oceania

In 2021, the medicaments containing vitamins market in Australia and Oceania decreased by -2.5% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in Australia and Oceania

In value terms, medicaments containing vitamins production fell to $X in 2021 estimated in export price. Overall, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 54%. The level of production peaked at $X in 2020, and then reduced in the following year.

Medicaments Containing Vitamins Exports

Exports in Australia and Oceania

In 2021, after seven years of growth, there was significant decline in overseas shipments of medicaments containing vitamins and provitamins, when their volume decreased by -16.6% to X tons. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 105% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell markedly in the following year.

In value terms, medicaments containing vitamins exports expanded remarkably to $X in 2021. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 43% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was approx. 98% of total exports in 2021. New Zealand (X tons) took a little share of total exports.

Australia was also the fastest-growing in terms of the medicaments containing vitamins and provitamins exports, with a CAGR of +24.6% from 2012 to 2021. New Zealand (-9.7%) illustrated a downward trend over the same period. Australia (+24 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -24.4% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest medicaments containing vitamins supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 3% share of total exports.

In Australia, medicaments containing vitamins exports expanded at an average annual rate of +12.9% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, increasing by 37% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.4%).

Medicaments Containing Vitamins Imports

Imports in Australia and Oceania

In 2021, purchases abroad of medicaments containing vitamins and provitamins decreased by -20.7% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 59% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, medicaments containing vitamins imports reduced sharply to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 32%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Australia represented the key importer of medicaments containing vitamins and provitamins in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 86% of total imports in 2021. It was distantly followed by New Zealand (X tons), achieving a 10% share of total imports.

Imports into Australia decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, New Zealand (+13.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +13.3% from 2012-2021. New Zealand (+7.1 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -9.1% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported medicaments containing vitamins and provitamins in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -1.8%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 37%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.1%).

Source: IndexBox Platform

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