Northern America: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Northern America

The North American medicaments containing vitamins market reached $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Medicaments Containing Vitamins Production in Northern America

In value terms, medicaments containing vitamins production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, 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 17% against the previous year. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2021.

Medicaments Containing Vitamins Exports

Exports in Northern America

In 2021, after two years of decline, there was significant growth in overseas shipments of medicaments containing vitamins and provitamins, when their volume increased by 15% to X tons. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the key exporter of medicaments containing vitamins and provitamins in Northern America, with the volume of exports finishing at X tons, which was near 77% of total exports in 2021. It was distantly followed by Canada (X tons), creating a 23% share of total exports.

Exports from the United States decreased at an average annual rate of -1.7% from 2012 to 2021. At the same time, Canada (+17.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +17.7% from 2012-2021. Canada (+18 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -17.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest medicaments containing vitamins supplier in Northern America, comprising 73% of total exports. The second position in the ranking was held by Canada ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 an increase of 7.7% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.0%).

Medicaments Containing Vitamins Imports

Imports in Northern America

In 2021, approx. X tons of medicaments containing vitamins and provitamins were imported in Northern America; with an increase of 24% against 2020 figures. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins imports rose markedly to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.3% against 2015 indices. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) and Canada (X tons) represented the largest importer of medicaments containing vitamins and provitamins in Northern America, mixing up 100% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of +8.1%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2021.

Among the main importing countries, the United States, with a CAGR of +6.3%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, shrinking by -10.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 16%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.6%).

Source: IndexBox Platform

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