Belarus: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Belarus

In 2021, the Belarusian medicaments containing vitamins market increased by 68% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed strong growth. Medicaments containing vitamins consumption peaked in 2021 and is likely to see gradual growth in the near future.

Medicaments Containing Vitamins Exports

Exports from Belarus

In 2021, overseas shipments of medicaments containing vitamins and provitamins decreased by -10.1% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports contracted significantly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 41%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons), Kazakhstan (X tons) and Azerbaijan (X tons) were the main destinations of medicaments containing vitamins exports from Belarus, together comprising 90% of total exports. These countries were followed by Uzbekistan, Kyrgyzstan and Turkmenistan, which together accounted for a further 7.2%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkmenistan (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Belarus, comprising 62% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 16% share of total exports. It was followed by Uzbekistan, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-6.2% per year) and Uzbekistan (+4.6% per year).

Export Prices by Country

In 2021, the average medicaments containing vitamins export price amounted to $X per ton, shrinking by -9.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 32% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kazakhstan ($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 Kyrgyzstan (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Vitamins Imports

Imports into Belarus

In 2021, supplies from abroad of medicaments containing vitamins and provitamins increased by 1.8% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 23%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins imports expanded slightly to $X in 2021. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of medicaments containing vitamins imports to Belarus, with a combined 55% share of total imports. These countries were followed by Slovenia, Ukraine, the United Arab Emirates, Bulgaria, Hungary, Indonesia, France, Belgium, Austria and South Korea, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +134.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Belarus, comprising 31% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+128.3% per year) and Russia (+14.4% per year).

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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