Report Update Nov 1, 2024

Puerto Rico - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Vitamin Market 2024

Vitamin Market Size in Puerto Rico

The Puerto Rican vitamin market declined slightly to $X in 2021, dropping by -3.6% against the previous year. In general, consumption showed a mild descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Vitamin Production in Puerto Rico

In value terms, vitamin production reduced to $X in 2021 estimated in export price. In general, production recorded a slight descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Vitamin Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of provitamins and vitamins were exported from Puerto Rico; therefore, remained relatively stable against the year before. Overall, exports showed a relatively flat trend pattern.

In value terms, vitamin exports stood at less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China represented the key exporter of provitamins and vitamins in the world, with the volume of exports accounting for X tons, which was near 49% of total exports in 2021. It was distantly followed by the Netherlands (X tons), Switzerland (X tons), the United States (X tons) and the UK (X tons), together creating a 31% share of total exports. The following exporters - Germany (X tons), India (X tons), France (X tons), Belgium (X tons) and Singapore (X tons) - together made up 12% of total exports.

From 2012 to 2021, average annual rates of growth with regard to vitamin exports from China stood at +8.0%. At the same time, the Netherlands (+22.2%), Switzerland (+12.3%), India (+9.6%) and the UK (+5.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.2% from 2012-2021. The United States and France experienced a relatively flat trend pattern. By contrast, Belgium (-2.1%), Singapore (-4.7%) and Germany (-9.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, China and Switzerland increased by +7.8, +7.8 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vitamin supplier from Puerto Rico, comprising 34% of global exports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of global exports. It was followed by Switzerland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +7.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+26.7% per year) and Switzerland (+7.2% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the other leaders experienced more modest paces of growth.

Vitamin Imports

Imports into Puerto Rico

In 2021, vitamin imports into Puerto Rico stood at less than X kg, remaining stable against 2020. In general, imports recorded a relatively flat trend pattern.

In value terms, vitamin imports amounted to less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

The United States (X tons) and the Netherlands (X tons) represented roughly 27% of total imports in 2021. It was distantly followed by Germany (X tons), constituting a 7.1% share of total imports. Belgium (X tons), France (X tons), Brazil (X tons), Spain (X tons), Japan (X tons), Italy (X tons), Canada (X tons), the UK (X tons), Indonesia (X tons) and Poland (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together comprising 33% of total imports.

The Netherlands, with a CAGR of +19.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Belgium ($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 Netherlands (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for provitamins and vitamins in the world?

The countries with the highest volumes of vitamin consumption in 2020 were India, China and the United States, together accounting for 53% of global consumption. These countries were followed by Canada, Germany, Japan, the UK, Italy and France, which together accounted for a further 21%.

What are the largest producers of provitamins and vitamins in the world?

The countries with the highest volumes of vitamin production in 2020 were China, India and Canada, together accounting for 77% of global production. Germany, Japan, Switzerland, the UK, Italy and France lagged somewhat behind, together accounting for a further 14%.

What are the leading suppliers of provitamins and vitamins to Puerto Rico?

In value terms, the largest vitamin importing markets into Puerto Rico were the United States, the Netherlands and Germany, together comprising 33% of total imports. These countries were followed by France, Belgium, Canada, the UK, Brazil, Italy, Spain, Japan, Poland and Indonesia, which together accounted for a further 27%.

What are the leading importers of provitamins and vitamins from Puerto Rico?

In value terms, China remains the largest vitamin supplier from Puerto Rico, comprising 35% of global exports. The second position in the ranking was occupied by the Netherlands, with a 13% share of global exports. It was followed by Switzerland, with a 9.9% share.

What is the average export price for provitamins and vitamins in Puerto Rico?

The vitamin export price in Puerto Rico stood at $less than 0.1 per ton in 2020, approximately equating the previous year.

What is the average import price for provitamins and vitamins in Puerto Rico?

The vitamin import price in Puerto Rico stood at $less than 0.1 per ton in 2020, remaining constant against the previous year.

This report provides an in-depth analysis of the vitamin market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023