Italy: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Italy

The Italian medicaments containing vitamins market surged to $X in 2021, with an increase of 44% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.8% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Medicaments Containing Vitamins Production in Italy

In value terms, medicaments containing vitamins production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Medicaments Containing Vitamins Exports

Exports from Italy

After two years of growth, shipments abroad of medicaments containing vitamins and provitamins decreased by -0.7% to X tons in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, medicaments containing vitamins exports soared to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 +85.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 27% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons), Ireland (X tons) and Thailand (X tons) were the main destinations of medicaments containing vitamins exports from Italy, together accounting for 33% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +62.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Germany ($X) and France ($X) appeared to be the largest markets for medicaments containing vitamins exported from Italy worldwide, together accounting for 46% of total exports. Poland, Thailand, Turkey, Spain, Switzerland, Saudi Arabia, Algeria, Malta, Kuwait and Mexico lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Turkey, with a CAGR of +52.0%, 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

In 2021, the average medicaments containing vitamins export price amounted to $X per ton, increasing by 18% against the previous year. In general, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of 24% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Malta ($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 Germany (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Italy

After four years of growth, purchases abroad of medicaments containing vitamins and provitamins decreased by -15.6% to X tons in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 40%. Imports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, medicaments containing vitamins imports contracted notably to $X in 2021. In general, imports showed a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 25%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of medicaments containing vitamins to Italy, accounting for a 84% share of total imports. Moreover, medicaments containing vitamins imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+88.6% per year) and France (-25.4% per year).

In value terms, the largest medicaments containing vitamins suppliers to Italy were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 71% share of total imports.

The Netherlands, with a CAGR of +245.8%, 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, shrinking by -1.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($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 Netherlands (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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