Iran: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Iran

In 2021, the Iranian medicaments containing vitamins market decreased by -17.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption faced a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from Iran

Medicaments containing vitamins exports from Iran surged to X tons in 2021, increasing by 51% on the previous year's figure. Overall, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing vitamins exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by 205% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X tons), Azerbaijan (X tons) and Armenia (X tons) were the main destinations of medicaments containing vitamins exports from Iran, together accounting for 79% of total exports. Qatar lagged somewhat behind, comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +224.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for medicaments containing vitamins exported from Iran were Azerbaijan ($X), Uzbekistan ($X) and Armenia ($X), with a combined 87% share of total exports. These countries were followed by Qatar, which accounted for a further 13%.

Among the main countries of destination, Qatar, with a CAGR of +200.4%, saw the highest growth rate of the value of exports, 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 medicaments containing vitamins export price amounted to $X per ton, picking up by 28% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 107%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Qatar ($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 Azerbaijan (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Iran

For the third consecutive year, Iran recorded decline in overseas purchases of medicaments containing vitamins and provitamins, which decreased by -32.3% to X tons in 2021. Over the period under review, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2013 when imports increased by 50%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, medicaments containing vitamins imports rose significantly to $X in 2021. In general, imports faced a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 174% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and Estonia (X tons) were the main suppliers of medicaments containing vitamins imports to Iran, together accounting for 49% of total imports. These countries were followed by France, the Netherlands, Germany, Denmark and India, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +153.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest medicaments containing vitamins suppliers to Iran were the United States ($X), Germany ($X) and Estonia ($X), together accounting for 55% of total imports. These countries were followed by France, the Netherlands, China, Denmark and India, which together accounted for a further 9.4%.

Denmark, with a CAGR of +225.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average medicaments containing vitamins import price amounted to $X per ton, with an increase of 69% against the previous year. Overall, the import price showed a strong increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 177%. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+54.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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