Report Update Nov 1, 2024

Cuba - Medicaments Containing Vitamins and Provitamins - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Cuba

In 2021, the Cuban medicaments containing vitamins market decreased by -2% to $X, falling for the third year in a row after two years of growth. Overall, consumption saw a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Medicaments Containing Vitamins Exports

Exports from Cuba

In 2021, the amount of medicaments containing vitamins and provitamins exported from Cuba shrank to X tons, approximately mirroring 2020 figures. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 445% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports expanded sharply to $X in 2021. Overall, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 502%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for medicaments containing vitamins exports from Cuba, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela amounted to +14.3%.

In value terms, Venezuela ($X) also remains the key foreign market for medicaments containing vitamins and provitamins exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela amounted to +18.5%.

Export Prices by Country

In 2021, the average medicaments containing vitamins export price amounted to $X per ton, rising by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2016 an increase of 22%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2021, the rate of growth in terms of prices for Venezuela amounted to +3.7% per year.

Medicaments Containing Vitamins Imports

Imports into Cuba

In 2021, supplies from abroad of medicaments containing vitamins and provitamins decreased by -13.4% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by 163% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, medicaments containing vitamins imports expanded notably to $X in 2021. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 81%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of medicaments containing vitamins to Cuba, accounting for a 58% share of total imports. Moreover, medicaments containing vitamins imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The Dominican Republic (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.8% per year) and the Dominican Republic (+121.6% per year).

In value terms, China ($X), Germany ($X) and Mexico ($X) constituted the largest medicaments containing vitamins suppliers to Cuba, with a combined 62% share of total imports. These countries were followed by the Dominican Republic and India, which together accounted for a further 4.3%.

The Dominican Republic, with a CAGR of +69.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2021, surging by 26% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing vitamins import price increased by +42.7% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.2%), 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 medicaments containing vitamins and provitamins in the world?

The countries with the highest volumes of medicaments containing vitamins consumption in 2021 were Germany, China and the United States, together accounting for 50% of global consumption.

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

The countries with the highest volumes of medicaments containing vitamins production in 2021 were Germany, China and the United States, together accounting for 56% of global production. India, Japan, Pakistan, Indonesia, Brazil, the UK, Bangladesh, France, Australia and Mexico lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of medicaments containing vitamins and provitamins to Cuba?

In value terms, China, Germany and Mexico constituted the largest medicaments containing vitamins suppliers to Cuba, together comprising 84% of total imports.

What are the leading importers of medicaments containing vitamins and provitamins from Cuba?

In value terms, Venezuela remains the key foreign market for medicaments containing vitamins exports from Cuba.

What is the average export price for medicaments containing vitamins and provitamins in Cuba?

In 2021, the average medicaments containing vitamins export price amounted to $61,273 per ton, rising by 4.2% against the previous year.

What is the average import price for medicaments containing vitamins and provitamins in Cuba?

In 2021, the average medicaments containing vitamins import price amounted to $23,743 per ton, with a decrease of -8.5% against the previous year.

This report provides an in-depth analysis of the medicaments containing vitamins market in Cuba. 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 21201360 - Medicaments containing vitamins, provitamins, derivatives and intermixtures thereof, for therapeutic or prophylactic uses, put up in measured doses or for retail sale

Country coverage:

Cuba

Data coverage:

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