Brazil: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Brazil

In 2021, the Brazilian medicaments containing vitamins market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. Medicaments containing vitamins consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Medicaments Containing Vitamins Production in Brazil

In value terms, medicaments containing vitamins production rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 24% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from Brazil

In 2021, overseas shipments of medicaments containing vitamins and provitamins increased by 10% to X tons, rising for the third consecutive year after four years of decline. In general, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 28%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports skyrocketed to $X in 2021. Overall, exports, however, showed a deep reduction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Mexico (X tons) and Colombia (X tons) were the main destinations of medicaments containing vitamins exports from Brazil, with a combined 66% share of total exports. Paraguay, Honduras, Peru, Bolivia, Venezuela, Costa Rica, Guatemala, Nicaragua and Panama lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Honduras (with a CAGR of +21.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing vitamins exported from Brazil were Mexico ($X), Peru ($X) and Ecuador ($X), together accounting for 57% of total exports. Colombia, Paraguay, Bolivia, Honduras, Venezuela, Costa Rica, Nicaragua, Panama and Guatemala lagged somewhat behind, together comprising a further 35%.

Honduras, with a CAGR of +21.5%, recorded the highest growth rate of the value of exports, among 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

The average medicaments containing vitamins export price stood at $X per ton in 2021, rising by 23% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Guatemala ($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 Peru (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Brazil

In 2021, overseas purchases of medicaments containing vitamins and provitamins increased by 36% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports, however, showed a noticeable curtailment. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, medicaments containing vitamins imports surged to $X in 2021. Overall, imports, however, recorded a drastic downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Austria (X tons) and Colombia (X tons) were the main suppliers of medicaments containing vitamins imports to Brazil, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +226.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), India ($X) and Argentina ($X) were the largest medicaments containing vitamins suppliers to Brazil, together comprising 56% of total imports. These countries were followed by Germany, Colombia, South Korea, Austria, Uruguay, Spain and the United States, which together accounted for a further 41%.

Austria, with a CAGR of +238.8%, recorded the highest growth rate of 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 medicaments containing vitamins import price stood at $X per ton in 2021, shrinking by -10.6% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 47% 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 stood at a somewhat lower figure.

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 ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :