Peru: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Peru

In 2021, the Peruvian medicaments containing vitamins market decreased by -60% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a abrupt slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Medicaments Containing Vitamins Exports

Exports from Peru

Medicaments containing vitamins exports from Peru was estimated at X tons in 2021, growing by 7.5% on 2020 figures. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.2% against 2014 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 31% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, medicaments containing vitamins exports expanded notably to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Bolivia (X tons), Nicaragua (X tons) and Ecuador (X tons) were the main destinations of medicaments containing vitamins exports from Peru, with a combined 48% share of total exports. Honduras, Panama, Costa Rica, Guatemala, El Salvador, Colombia, Mexico, Russia and the Dominican Republic lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +62.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Ecuador ($X) and Honduras ($X) appeared to be the largest markets for medicaments containing vitamins exported from Peru worldwide, together comprising 45% of total exports. Costa Rica, Panama, Nicaragua, Guatemala, Colombia, Mexico, El Salvador, the Dominican Republic and Russia lagged somewhat behind, together accounting for a further 47%.

Among the main countries of destination, Russia, with a CAGR of +57.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medicaments containing vitamins export price stood at $X per ton in 2021, growing by 6.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Nicaragua ($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 Bolivia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Peru

After three years of growth, purchases abroad of medicaments containing vitamins and provitamins decreased by -13.2% to X tons in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 34% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, medicaments containing vitamins imports contracted rapidly to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 35%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest medicaments containing vitamins supplier to Peru, with a 36% share of total imports. Moreover, medicaments containing vitamins imports from Germany exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.2% per year) and the United States (+7.3% per year).

In value terms, Mexico ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Peru, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Colombia, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.1% per year) and Colombia (-8.4% per year).

Import Prices by Country

In 2021, the average medicaments containing vitamins import price amounted to $X per ton, shrinking by -14% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2016 an increase of 24%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat 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 Mexico ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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