Pakistan: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Pakistan

The Pakistani medicaments containing vitamins market contracted slightly to $X in 2021, shrinking by -3.1% against the previous year. Overall, consumption, however, recorded a remarkable increase. Medicaments containing vitamins consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in Pakistan

In value terms, medicaments containing vitamins production fell to $X in 2021 estimated in export price. In general, production, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 88%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from Pakistan

In 2021, overseas shipments of medicaments containing vitamins and provitamins increased by 49% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports recorded a moderate expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 122% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins exports soared to $X in 2021. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 96% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Afghanistan (X tons) was the main destination for medicaments containing vitamins exports from Pakistan, with a 48% share of total exports. Moreover, medicaments containing vitamins exports to Afghanistan exceeded the volume sent to the second major destination, Somalia (X tons), sevenfold. Ukraine (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+12.0% per year) and Ukraine (+91.8% per year).

In value terms, Afghanistan ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Pakistan, comprising 50% of total exports. The second position in the ranking was held by Somalia ($X), with a 6.9% share of total exports. It was followed by Nigeria, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Afghanistan stood at +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+13.2% per year) and Nigeria (+76.0% per year).

Export Prices by Country

The average medicaments containing vitamins export price stood at $X per ton in 2021, falling by -13.5% against the previous year. In general, the export price, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 98%. 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 Nigeria ($X per ton), while the average price for exports to Sudan ($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 Nigeria (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Pakistan

In 2021, imports of medicaments containing vitamins and provitamins into Pakistan rose to X tons, growing by 2.4% compared with 2020 figures. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 399% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, medicaments containing vitamins imports fell to $X in 2021. Overall, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by 329% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and Italy (X tons) were the main suppliers of medicaments containing vitamins imports to Pakistan, with a combined 53% share of total imports. Vietnam, France, the UK, Germany, Austria, Indonesia, Australia, the Netherlands, Spain and Sweden lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +55.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and Vietnam ($X) appeared to be the largest medicaments containing vitamins suppliers to Pakistan, together comprising 33% of total imports. These countries were followed by Italy, Germany, the UK, India, Austria, Sweden, the Netherlands, Spain, Indonesia and Australia, which together accounted for a further 45%.

Indonesia, with a CAGR of +30.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average medicaments containing vitamins import price amounted to $X per ton, with a decrease of -5.6% against the previous year. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in 2020 when the average import price increased by 9.1% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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