Netherlands: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in the Netherlands

The Dutch medicaments containing vitamins market contracted dramatically to $X in 2021, waning by -36.4% against the previous year. Overall, consumption, however, recorded a perceptible expansion. Medicaments containing vitamins consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Medicaments Containing Vitamins Production in the Netherlands

In value terms, medicaments containing vitamins production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 46%. Medicaments containing vitamins production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from the Netherlands

In 2021, shipments abroad of medicaments containing vitamins and provitamins increased by 46% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 98% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, medicaments containing vitamins exports skyrocketed to $X in 2021. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 133%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for medicaments containing vitamins exports from the Netherlands, with a 45% share of total exports. Moreover, medicaments containing vitamins exports to Belgium exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was held by France (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+71.1% per year) and France (+41.9% per year).

In value terms, the largest markets for medicaments containing vitamins exported from the Netherlands were Belgium ($X), China ($X) and France ($X), together comprising 45% of total exports. Germany, South Korea, Austria, Saudi Arabia, Vietnam, Morocco and Spain lagged somewhat behind, together comprising a further 23%.

Morocco, with a CAGR of +883.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, dropping by -20.2% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 China (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into the Netherlands

In 2021, imports of medicaments containing vitamins and provitamins into the Netherlands dropped notably to X tons, shrinking by -35.9% compared with the previous year. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 309% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, medicaments containing vitamins imports plummeted to $X in 2021. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 194% against the previous year. 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 medicaments containing vitamins supplier to the Netherlands, with a 51% share of total imports. Moreover, medicaments containing vitamins imports from Germany exceeded the figures recorded by the second-largest supplier, Ireland (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+103.5% per year) and Sweden (+57.9% per year).

In value terms, Ireland ($X), Germany ($X) and Sweden ($X) appeared to be the largest medicaments containing vitamins suppliers to the Netherlands, together accounting for 66% of total imports.

Among the main suppliers, Ireland, with a CAGR of +91.5%, saw 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

The average medicaments containing vitamins import price stood at $X per ton in 2021, increasing by 27% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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