Romania: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Romania

In 2021, the Romanian medicaments containing vitamins market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, continues to indicate a precipitous decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in Romania

In value terms, medicaments containing vitamins production shrank dramatically to $X in 2021 estimated in export price. In general, production, however, continues to indicate a dramatic decline. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, production hit record highs at $X in 2020, and then reduced dramatically in the following year.

Medicaments Containing Vitamins Exports

Exports from Romania

In 2021, exports of medicaments containing vitamins and provitamins from Romania reached X tons, increasing by 13% against 2020 figures. Overall, exports posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 762% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing vitamins exports rose sharply to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 4,617% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Germany (X tons) and Moldova (X tons) were the main destinations of medicaments containing vitamins exports from Romania, with a combined 84% share of total exports. These countries were followed by Uzbekistan, the Netherlands, Sweden and France, which together accounted for a further 7.3%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +560.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Romania, comprising 40% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by the Netherlands, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+78.2% per year) and the Netherlands (+10.3% per year).

Export Prices by Country

In 2021, the average medicaments containing vitamins export price amounted to $X per ton, shrinking by -3.9% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 447% against the previous year. The export price peaked at $X per ton in 2020, and then shrank in the following year.

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 the Netherlands ($X per ton), while the average price for exports to the United States ($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 Moldova (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Romania

In 2021, supplies from abroad of medicaments containing vitamins and provitamins decreased by -4% to X tons, falling for the second consecutive year after four years of growth. In general, total imports indicated a slight expansion from 2012 to 2021: its volume 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. Based on 2021 figures, imports decreased by -10.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 26%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, medicaments containing vitamins imports amounted to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 17% 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 immediate term.

Imports by Country

Germany (X tons), Hungary (X tons) and France (X tons) were the main suppliers of medicaments containing vitamins imports to Romania, together comprising 64% of total imports. Italy, Poland, Spain, the Netherlands, Austria, the UK and Egypt lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +85.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Romania, comprising 50% of total imports. The second position in the ranking was taken by Hungary ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-2.5% per year) and the Netherlands (+19.9% per year).

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2021, rising by 4.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the UK ($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 (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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