New Zealand: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in New Zealand

The New Zealand medicaments containing vitamins market soared to $X in 2021, picking up by 16% against the previous year. Over the period under review, consumption showed a prominent expansion. Medicaments containing vitamins consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in New Zealand

In value terms, medicaments containing vitamins production rose sharply to $X in 2021 estimated in export price. Overall, production recorded a strong increase. The growth pace was the most rapid in 2018 when the production volume increased by 85%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from New Zealand

In 2021, shipments abroad of medicaments containing vitamins and provitamins increased by 28% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 107% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins exports skyrocketed to $X in 2021. In general, exports, however, saw a noticeable reduction. The growth pace was the most rapid in 2014 when exports increased by 126%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for medicaments containing vitamins exports from New Zealand, with a 34% share of total exports. Moreover, medicaments containing vitamins exports to Australia exceeded the volume sent to the second major destination, Chile (X tons), fourfold. Austria (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+51.2% per year) and Austria (+69.1% per year).

In value terms, the largest markets for medicaments containing vitamins exported from New Zealand were Australia ($X), Austria ($X) and Chile ($X), together comprising 56% of total exports.

Austria, with a CAGR of +50.8%, 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, standing approx. at the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing vitamins export price decreased by -18.3% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 70%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Austria ($X per ton), while the average price for exports to China ($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 Saudi Arabia (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into New Zealand

In 2021, approx. X tons of medicaments containing vitamins and provitamins were imported into New Zealand; picking up by 47% compared with the year before. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins imports skyrocketed to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Switzerland (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of medicaments containing vitamins imports to New Zealand, together comprising 56% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +131.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), South Korea ($X) and the United States ($X) constituted the largest medicaments containing vitamins suppliers to New Zealand, together accounting for 57% of total imports.

Among the main suppliers, South Korea, with a CAGR of +118.3%, recorded the highest rates of growth with regard to 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, falling by -11.1% against the previous year. Over the period under review, the import price recorded a noticeable decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 6.5%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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 Australia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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