Report Update Nov 1, 2024

Belarus - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Vitamin Market 2024

Vitamin Market Size in Belarus

The Belarusian vitamin market fell rapidly to $X in 2021, which is down by -42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a pronounced expansion. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Vitamin Exports

Exports from Belarus

In 2021, shipments abroad of provitamins and vitamins increased by 29% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of 314%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, vitamin exports soared to $X in 2021. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 270%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for vitamin exports from Belarus, with a 97% share of total exports. It was followed by Latvia (X tons), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +3.9%.

In value terms, Russia ($X) remains the key foreign market for provitamins and vitamins exports from Belarus, comprising 99% of total exports. The second position in the ranking was held by Latvia ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +19.1%.

Export Prices by Country

The average vitamin export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 120% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Latvia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Belarus

In 2021, the amount of provitamins and vitamins imported into Belarus shrank notably to X tons, dropping by -39.1% on the year before. Overall, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 115%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, vitamin imports shrank remarkably to $X in 2021. In general, imports, however, showed a mild increase. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of vitamin imports to Belarus, together accounting for 46% of total imports. Poland, Belgium, India, Switzerland, the Netherlands and France lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), China ($X) and Germany ($X) were the largest vitamin suppliers to Belarus, together comprising 45% of total imports. These countries were followed by Russia, Poland, Belgium, India, the Netherlands and France, which together accounted for a further 30%.

Russia, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vitamin import price stood at $X per ton in 2021, growing by 6.4% against the previous year. In general, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for provitamins and vitamins in the world?

The countries with the highest volumes of vitamin consumption in 2020 were India, China and the United States, with a combined 53% share of global consumption. Canada, Germany, Japan, the UK, Italy and France lagged somewhat behind, together accounting for a further 21%.

What are the largest producers of provitamins and vitamins in the world?

The countries with the highest volumes of vitamin production in 2020 were China, India and Canada, with a combined 77% share of global production. Germany, Japan, Switzerland, the UK, Italy and France lagged somewhat behind, together comprising a further 14%.

What are the leading suppliers of provitamins and vitamins to Belarus?

In value terms, the largest vitamin suppliers to Belarus were China, Switzerland and Germany, together comprising 76% of total imports. These countries were followed by Russia, Belgium and India, which together accounted for a further 20%.

What are the leading importers of provitamins and vitamins from Belarus?

In value terms, Russia remains the key foreign market for vitamin exports from Belarus.

What is the average export price for provitamins and vitamins in Belarus?

The average vitamin export price stood at $12,902 per ton in 2020, waning by -33.3% against the previous year.

What is the average import price for provitamins and vitamins in Belarus?

In 2020, the average vitamin import price amounted to $13,875 per ton, dropping by -26% against the previous year.

This report provides an in-depth analysis of the vitamin market in Belarus. 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:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023