Germany: Vitamin Market 2024

Vitamin Market Size in Germany

The German vitamin market soared to $X in 2021, jumping by 68% against the previous year. Overall, consumption continues to indicate tangible growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vitamin Production in Germany

In value terms, vitamin production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Vitamin Exports

Exports from Germany

In 2021, the amount of provitamins and vitamins exported from Germany declined to X tons, with a decrease of -10.1% against the year before. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 14%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, vitamin exports fell to $X in 2021. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 10% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for vitamin exports from Germany, accounting for a 31% share of total exports. Moreover, vitamin exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-11.6% per year) and Poland (+1.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for provitamins and vitamins exports from Germany, comprising 41% of total exports. The second position in the ranking was taken by France ($X), with an 8.9% share of total exports. It was followed by Iran, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-11.4% per year) and Iran (+26.0% per year).

Export Prices by Country

The average vitamin export price stood at $X per ton in 2021, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 an increase of 28%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Ireland ($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 Iran (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Germany

In 2021, purchases abroad of provitamins and vitamins was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vitamin imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vitamin to Germany, accounting for a 62% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Switzerland (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.9% per year) and Switzerland (+6.1% per year).

In value terms, China ($X) constituted the largest supplier of provitamins and vitamins to Germany, comprising 52% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Switzerland, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.0% per year) and Switzerland (+1.9% per year).

Import Prices by Country

The average vitamin import price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped slightly in the following year.

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 the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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