France: Vitamin Market 2024

Vitamin Market Size in France

In 2021, after three years of growth, there was significant decline in the French vitamin market, when its value decreased by -6.4% to $X. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Vitamin Production in France

In value terms, vitamin production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36%. Vitamin production peaked at $X in 2020, and then declined in the following year.

Vitamin Exports

Exports from France

In 2021, approx. X tons of provitamins and vitamins were exported from France; stabilizing at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, the exports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, vitamin exports skyrocketed to $X in 2021. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 +60.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for vitamin exports from France, with a 27% share of total exports. Moreover, vitamin exports to the Netherlands exceeded the volume sent to the second major destination, Algeria (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+2.1% per year) and Switzerland (+27.2% per year).

In value terms, the Netherlands ($X), the United States ($X) and Switzerland ($X) were the largest markets for vitamin exported from France worldwide, together comprising 33% of total exports. These countries were followed by Germany, Brazil, Iran, Russia, Spain, Algeria, Italy, Poland, Turkey and Morocco, which together accounted for a further 27%.

Iran, with a CAGR of +21.8%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average vitamin export price amounted to $X per ton, rising by 45% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Algeria ($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 Russia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into France

In 2021, approx. X tons of provitamins and vitamins were imported into France; picking up by 6% against 2020 figures. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 15%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, vitamin imports fell to $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 24%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of vitamin imports to France, together accounting for 68% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +34.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Switzerland ($X) appeared to be the largest vitamin suppliers to France, with a combined 68% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +35.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average vitamin import price amounted to $X per ton, dropping by -11.8% against the previous year. Overall, the import price saw a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the UK ($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 (+26.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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