CIS: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in CIS

The CIS medicaments containing vitamins market skyrocketed to $X in 2021, picking up by 54% against the previous year. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Medicaments Containing Vitamins Production in CIS

In value terms, medicaments containing vitamins production skyrocketed to $X in 2021 estimated in export price. The total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.7% against 2019 indices. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Medicaments Containing Vitamins Exports

Exports in CIS

In 2021, after two years of growth, there was significant decline in shipments abroad of medicaments containing vitamins and provitamins, when their volume decreased by -19.7% to X tons. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 68% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined notably in the following year.

In value terms, medicaments containing vitamins exports declined to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

Russia represented the main exporter of medicaments containing vitamins and provitamins in the CIS, with the volume of exports amounting to X tons, which was approx. 69% of total exports in 2021. Belarus (X tons) took the second position in the ranking, distantly followed by Armenia (X tons). All these countries together took near 25% share of total exports. Uzbekistan (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to medicaments containing vitamins exports from Russia stood at +10.8%. At the same time, Uzbekistan (+42.8%) and Armenia (+3.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +42.8% from 2012-2021. Belarus experienced a relatively flat trend pattern. From 2012 to 2021, the share of Russia and Uzbekistan increased by +20 and +3.9 percentage points, respectively.

In value terms, Russia ($X) remains the largest medicaments containing vitamins supplier in the CIS, comprising 62% of total exports. The second position in the ranking was held by Belarus ($X), with a 30% share of total exports. It was followed by Armenia, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +6.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-0.8% per year) and Armenia (+3.5% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, growing by 15% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 18%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+26.2%), while the other leaders experienced mixed trends in the export price figures.

Medicaments Containing Vitamins Imports

Imports in CIS

In 2021, approx. X tons of medicaments containing vitamins and provitamins were imported in the CIS; increasing by 28% on the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, medicaments containing vitamins imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +126.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 69% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Russia (X tons) was the largest importer of medicaments containing vitamins and provitamins, making up 59% of total imports. Kazakhstan (X tons) held the second position in the ranking, followed by Uzbekistan (X tons). All these countries together took near 28% share of total imports. Azerbaijan (X tons), Tajikistan (X tons) and Belarus (X tons) held a relatively small share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of medicaments containing vitamins and provitamins. At the same time, Azerbaijan (+57.3%), Uzbekistan (+9.9%), Kazakhstan (+3.7%), Tajikistan (+1.4%) and Belarus (+1.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +57.3% from 2012-2021. While the share of Uzbekistan (+13 p.p.) and Azerbaijan (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-15.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported medicaments containing vitamins and provitamins in the CIS, comprising 57% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 17% share of total imports. It was followed by Kazakhstan, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+20.7% per year) and Kazakhstan (+3.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, picking up by 9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 18%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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