Russian Federation: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in the Russian Federation

The Russian medicaments containing vitamins market surged to $X in 2021, growing by 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.2% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Medicaments Containing Vitamins Exports

Exports from the Russian Federation

After two years of growth, shipments abroad of medicaments containing vitamins and provitamins decreased by -27.6% to X tons in 2021. In general, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 138%. The exports peaked at X tons in 2020, and then reduced notably in the following year.

In value terms, medicaments containing vitamins exports declined modestly to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +82.8% against 2014 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then declined slightly in the following year.

Exports by Country

Kazakhstan (X tons), Uzbekistan (X tons) and Ukraine (X tons) were the main destinations of medicaments containing vitamins exports from Russia, with a combined 58% share of total exports. These countries were followed by Tajikistan, Azerbaijan, Belarus, Turkmenistan, Mongolia, Moldova, Georgia, Lithuania, Kyrgyzstan and Armenia, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +24.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing vitamins exported from Russia were Ukraine ($X), Kazakhstan ($X) and Uzbekistan ($X), with a combined 52% share of total exports.

Among the main countries of destination, Ukraine, with a CAGR of +24.2%, saw the highest growth rate of 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

In 2021, the average medicaments containing vitamins export price amounted to $X per ton, jumping by 35% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Ukraine ($X per ton), while the average price for exports to Tajikistan ($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 Belarus (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into the Russian Federation

In 2021, approx. X tons of medicaments containing vitamins and provitamins were imported into Russia; growing by 45% compared with the previous year's figure. In general, imports continue to indicate a mild expansion. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins imports surged to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 2017 with an increase of 57%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

France (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of medicaments containing vitamins imports to Russia, with a combined 57% share of total imports. India, Slovenia, Belarus, Spain, Austria, Serbia, the UK, Hungary, the United States and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +57.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Russia, comprising 36% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by France, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+19.4% per year) and France (+2.4% per year).

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2021, which is down by -2.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. The import price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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