Japan: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Japan

After three years of growth, the Japanese medicaments containing vitamins market decreased by -8.6% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. Medicaments containing vitamins consumption peaked at $X in 2020, and then declined in the following year.

Medicaments Containing Vitamins Production in Japan

In value terms, medicaments containing vitamins production dropped to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 36% against the previous year. Medicaments containing vitamins production peaked at $X in 2020, and then shrank in the following year.

Medicaments Containing Vitamins Exports

Exports from Japan

In 2021, approx. X tons of medicaments containing vitamins and provitamins were exported from Japan; with an increase of 25% against 2020. Overall, exports recorded a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 78%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, medicaments containing vitamins exports rose significantly to $X in 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 56%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons) was the main destination for medicaments containing vitamins exports from Japan, with a 48% share of total exports. Moreover, medicaments containing vitamins exports to South Korea exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+17.2% per year) and Taiwan (Chinese) (+19.5% per year).

In value terms, the largest markets for medicaments containing vitamins exported from Japan were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and China ($X), with a combined 62% share of total exports. These countries were followed by South Korea, Vietnam and Thailand, which together accounted for a further 28%.

In terms of the main countries of destination, Vietnam, with a CAGR of +63.3%, saw the highest rates of growth with regard to 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, waning by -10.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 52%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to South Korea ($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 Thailand (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Vitamins Imports

Imports into Japan

In 2021, medicaments containing vitamins imports into Japan declined to X tons, falling by -7% compared with 2020 figures. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 46%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, medicaments containing vitamins imports dropped to $X in 2021. Overall, imports, however, saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of 47% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest medicaments containing vitamins supplier to Japan, with a 58% share of total imports. Moreover, medicaments containing vitamins imports from Vietnam exceeded the figures recorded by the second-largest supplier, Ireland (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+29.5% per year) and Spain (-5.3% per year).

In value terms, Ireland ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Japan, comprising 60% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Ireland amounted to +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+12.3% per year) and China (+0.8% per year).

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2021, growing by 4.3% against the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 53% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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