Germany: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Germany

In 2021, after nine years of growth, there was decline in the German medicaments containing vitamins market, when its value decreased by -0.4% to $X. Overall, consumption, however, showed buoyant growth. Medicaments containing vitamins consumption peaked at $X in 2020, and then dropped modestly in the following year.

Medicaments Containing Vitamins Production in Germany

In value terms, medicaments containing vitamins production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Medicaments Containing Vitamins Exports

Exports from Germany

In 2021, the amount of medicaments containing vitamins and provitamins exported from Germany amounted to X tons, standing approx. at 2020. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by 56% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), the Netherlands (X tons) and Argentina (X tons) were the main destinations of medicaments containing vitamins exports from Germany, together accounting for 27% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +105.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing vitamins exported from Germany were the Netherlands ($X), Russia ($X) and Poland ($X), with a combined 19% share of total exports. These countries were followed by France, the UK, Austria, Spain, Brazil, China, Italy, Turkey, Argentina and Chile, which together accounted for a further 24%.

China, with a CAGR of +47.6%, recorded 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

The average medicaments containing vitamins export price stood at $X per ton in 2021, growing by 17% against the previous year. Over the period under review, the export price, however, saw a deep downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Argentina ($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 the Netherlands (-5.5%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Vitamins Imports

Imports into Germany

In 2021, overseas purchases of medicaments containing vitamins and provitamins increased by 48% to X tons, rising for the second year in a row after three years of decline. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, medicaments containing vitamins imports expanded markedly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 32%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Portugal (X tons) and Poland (X tons) were the main suppliers of medicaments containing vitamins imports to Germany, with a combined 46% share of total imports. Austria, Norway, the Czech Republic, the United States, Italy and Switzerland lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +136.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins suppliers to Germany were France ($X), Poland ($X) and Austria ($X), together comprising 43% of total imports. The Czech Republic, Switzerland, the United States, Portugal, Norway and Italy lagged somewhat behind, together comprising a further 35%.

The Czech Republic, with a CAGR of +76.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 medicaments containing vitamins import price amounted to $X per ton, dropping by -26.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 Switzerland ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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