Israel: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Israel

In 2021, after seven years of growth, there was decline in the Israeli medicaments containing vitamins market, when its value decreased by -1.7% to $X. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +89.0% against 2013 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Medicaments Containing Vitamins Production in Israel

In value terms, medicaments containing vitamins production reduced to $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 increased by +87.6% against 2013 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 33%. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Medicaments Containing Vitamins Exports

Exports from Israel

In 2021, after two years of growth, there was significant decline in overseas shipments of medicaments containing vitamins and provitamins, when their volume decreased by -43.1% to X tons. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 3,591%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing vitamins exports plummeted to $X in 2021. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 3,568%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Russia (X tons) and Lithuania (X tons) were the main destinations of medicaments containing vitamins exports from Israel, together comprising 64% of total exports. These countries were followed by Hungary, France, Mexico, Italy, the United States, Thailand, Portugal and Germany, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +442.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing vitamins exported from Israel were China ($X), Russia ($X) and Lithuania ($X), with a combined 64% share of total exports. Hungary, France, Mexico, Italy, the United States, Thailand, Portugal and Germany lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Thailand, with a CAGR of +437.1%, recorded 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

The average medicaments containing vitamins export price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2013 a decrease of less than 0.1% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and the United States ($X per ton), while the average price for exports to Germany ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.0%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Vitamins Imports

Imports into Israel

In 2021, imports of medicaments containing vitamins and provitamins into Israel amounted to X tons, approximately mirroring 2020 figures. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2018 with an increase of 134% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, medicaments containing vitamins imports expanded slightly to $X in 2021. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 172% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Canada (X tons) and Spain (X tons) were the main suppliers of medicaments containing vitamins imports to Israel, with a combined 81% share of total imports. Belgium, China, France, Sweden and Switzerland lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +59.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins suppliers to Israel were Germany ($X), Canada ($X) and Spain ($X), with a combined 81% share of total imports. These countries were followed by Belgium, China, France, Sweden and Switzerland, which together accounted for a further 18%.

In terms of the main suppliers, Belgium, with a CAGR of +65.6%, recorded the highest growth rate of 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 medicaments containing vitamins import price amounted to $X per ton, picking up by 1.9% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing vitamins import price increased by +101.4% against 2012 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Switzerland ($X per ton) and France ($X per ton), while the price for Germany ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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