Denmark: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Denmark

The Danish medicaments containing vitamins market shrank to $X in 2021, falling by -7.7% against the previous year. Over the period under review, consumption, however, recorded a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in Denmark

In value terms, medicaments containing vitamins production contracted sharply to $X in 2021 estimated in export price. In general, production continues to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 43%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Medicaments Containing Vitamins Exports

Exports from Denmark

In 2021, the amount of medicaments containing vitamins and provitamins exported from Denmark contracted rapidly to X tons, with a decrease of -26.7% against the previous year's figure. Over the period under review, exports showed a noticeable slump. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, medicaments containing vitamins exports reduced rapidly to $X in 2021. In general, exports saw a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for medicaments containing vitamins exports from Denmark, with a 45% share of total exports. Moreover, medicaments containing vitamins exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-4.0% per year) and the Netherlands (+10.5% per year).

In value terms, Germany ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Denmark, comprising 47% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by Sweden, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.5% per year) and Sweden (-2.0% per year).

Export Prices by Country

The average medicaments containing vitamins export price stood at $X per ton in 2021, falling by -21.2% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a 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 Saudi Arabia ($X per ton), while the average price for exports to the United States ($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 Finland (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Vitamins Imports

Imports into Denmark

In 2021, the amount of medicaments containing vitamins and provitamins imported into Denmark dropped modestly to X tons, with a decrease of -4% compared with 2020 figures. Over the period under review, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2020 with an increase of 116%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, medicaments containing vitamins imports contracted significantly to $X in 2021. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 113% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Norway (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of medicaments containing vitamins imports to Denmark, together comprising 90% of total imports. These countries were followed by France, Poland and Ireland, which together accounted for a further 5%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +40.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Denmark, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by France, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.9% per year) and France (+8.0% per year).

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2021, falling by -26.9% against the previous year. Overall, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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