EU: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in the EU

For the eighth consecutive year, the EU medicaments containing vitamins market recorded growth in sales value, which increased by 1.6% to $X in 2021. Overall, consumption, however, saw a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Medicaments Containing Vitamins Production in the EU

In value terms, medicaments containing vitamins production dropped slightly to $X in 2021 estimated in export price. The total output value 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 pace of growth appeared the most rapid in 2018 with an increase of 16%. The level of production peaked at $X in 2020, and then dropped in the following year.

Medicaments Containing Vitamins Exports

Exports in the EU

Medicaments containing vitamins exports was estimated at X tons in 2021, growing by 12% on the previous year's figure. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +121.7% against 2012 indices. The growth pace was the most rapid in 2016 when exports increased by 20%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, medicaments containing vitamins exports rose notably to $X in 2021. Over the period under review, exports, however, showed a slight decrease. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Germany (X tons) represented the largest exporter of medicaments containing vitamins and provitamins, generating 45% of total exports. France (X tons) held the second position in the ranking, followed by Sweden (X tons) and the Netherlands (X tons). All these countries together held approx. 29% share of total exports. Belgium (X tons), Greece (X tons), Hungary (X tons), Poland (X tons), Italy (X tons) and Austria (X tons) took a minor share of total exports.

Exports from Germany increased at an average annual rate of +16.4% from 2012 to 2021. At the same time, Sweden (+41.8%), the Netherlands (+20.3%), Belgium (+10.9%), Hungary (+10.8%), Austria (+9.0%) and Greece (+2.1%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +41.8% from 2012-2021. France, Poland and Italy experienced a relatively flat trend pattern. From 2012 to 2021, the share of Germany, Sweden and the Netherlands increased by +20, +7.9 and +5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest medicaments containing vitamins supplier in the European Union, comprising 31% of total exports. The second position in the ranking was held by France ($X), with a 10% share of total exports. It was followed by Sweden, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: France (-2.9% per year) and Sweden (+28.5% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, picking up by 1.8% against the previous year. Overall, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the export price increased by 4.5%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+11.1%), while the other leaders experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports in the EU

In 2021, approx. X tons of medicaments containing vitamins and provitamins were imported in the European Union; increasing by 15% against the previous year. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +63.9% against 2015 indices. The pace of growth was the most pronounced in 2013 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, medicaments containing vitamins imports expanded markedly to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of medicaments containing vitamins imports in 2021 were France (X tons), Belgium (X tons), Spain (X tons), Germany (X tons), Poland (X tons), the Netherlands (X tons), Italy (X tons), Austria (X tons), Hungary (X tons) and the Czech Republic (X tons), together recording 81% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +13.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins importing markets in the European Union were Germany ($X), Belgium ($X) and France ($X), with a combined 30% share of total imports. These countries were followed by the Netherlands, Poland, Austria, Spain, the Czech Republic, Italy and Hungary, which together accounted for a further 41%.

Poland, with a CAGR of +9.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, which is down by -7.9% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when the import price increased by 2.2% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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