Japan: Vitamin Market 2024

Vitamin Market Size in Japan

The Japanese vitamin market totaled $X in 2021, with an increase of 2.7% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +6.3% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Vitamin Production in Japan

In value terms, vitamin production reached $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +8.5% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 53%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Vitamin Exports

Exports from Japan

In 2021, overseas shipments of provitamins and vitamins increased by 16% to X tons, rising for the fifth year in a row after four years of decline. In general, exports, however, saw a abrupt downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vitamin exports reduced notably to $X in 2021. Overall, exports, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 57%. Over the period under review, the exports hit record highs at $X in 2020, and then declined notably in the following year.

Exports by Country

The United States (X tons) was the main destination for vitamin exports from Japan, with a 52% share of total exports. Moreover, vitamin exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.1% per year) and Germany (-30.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for provitamins and vitamins exports from Japan, comprising 46% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports. It was followed by South Korea, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.6% per year) and South Korea (-3.2% per year).

Export Prices by Country

The average vitamin export price stood at $X per ton in 2021, dropping by -34.8% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 58%. The export price peaked at $X per ton in 2017; however, from 2018 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 Brazil ($X per ton), while the average price for exports to the Philippines ($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 Brazil (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Japan

In 2021, overseas purchases of provitamins and vitamins increased by 4.9% to 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 +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 18%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vitamin imports totaled $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 32%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vitamin to Japan, accounting for a 84% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Switzerland (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and Switzerland (+0.5% per year).

In value terms, China ($X) constituted the largest supplier of provitamins and vitamins to Japan, comprising 57% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 10% share of total imports. It was followed by Germany, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+1.8% per year) and Germany (-4.9% per year).

Import Prices by Country

In 2021, the average vitamin import price amounted to $X per ton, falling by -4.4% against the previous year. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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 Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :