Poland: Vitamin Market 2024

Vitamin Market Size in Poland

The Polish vitamin market stood at $X in 2021, growing by 6% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. Vitamin consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vitamin Production in Poland

In value terms, vitamin production soared to $X in 2021 estimated in export price. Overall, production recorded mild growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 226%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Vitamin Exports

Exports from Poland

In 2021, overseas shipments of provitamins and vitamins increased by 8.3% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 85%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, vitamin exports skyrocketed to $X in 2021. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 88% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for vitamin exports from Poland, with a 25% share of total exports. Moreover, vitamin exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. Romania (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+29.6% per year) and Romania (+32.8% per year).

In value terms, Germany ($X) remains the key foreign market for provitamins and vitamins exports from Poland, comprising 23% of total exports. The second position in the ranking was taken by Italy ($X), with a 6.8% share of total exports. It was followed by Russia, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+29.9% per year) and Russia (+26.2% per year).

Export Prices by Country

The average vitamin export price stood at $X per ton in 2021, picking up by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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 Russia ($X per ton), while the average price for exports to Hungary ($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 Russia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Poland

Vitamin imports into Poland shrank slightly to X tons in 2021, declining by -2.5% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.9% 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 +29.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, vitamin imports rose to $X in 2021. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 36%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of vitamin imports to Poland, together accounting for 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +23.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vitamin suppliers to Poland were the Netherlands ($X), Germany ($X) and China ($X), together accounting for 81% of total imports.

The Netherlands, with a CAGR of +24.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vitamin import price stood at $X per ton in 2021, increasing by 4.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 14%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :