Spain: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Spain

After two years of growth, the Spanish medicaments containing vitamins market decreased by -10.7% to $X in 2021. Over the period under review, consumption, however, recorded significant growth. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Medicaments Containing Vitamins Production in Spain

In value terms, medicaments containing vitamins production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a strong increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Medicaments Containing Vitamins Exports

Exports from Spain

In 2021, exports of medicaments containing vitamins and provitamins from Spain shrank notably to X tons, waning by -15.6% compared with the previous year. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 when exports increased by 30%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports reduced rapidly to $X in 2021. In general, exports saw a abrupt contraction. The smallest decline of -4.4% was in 2017. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of medicaments containing vitamins exports from Spain, with a combined 32% share of total exports. France, Romania, Turkey, Guatemala, Japan, Andorra, Mexico, Hungary and Poland lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +62.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Spain, comprising 57% of total exports. The second position in the ranking was taken by France ($X), with a 9% share of total exports. It was followed by Italy, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.8% per year) and Italy (-34.1% per year).

Export Prices by Country

The average medicaments containing vitamins export price stood at $X per ton in 2021, which is down by -12.7% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to Andorra ($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 the Netherlands (-3.9%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Vitamins Imports

Imports into Spain

In 2021, overseas purchases of medicaments containing vitamins and provitamins increased by 191% to X tons, rising for the third year in a row after two years of decline. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of medicaments containing vitamins imports to Spain, together comprising 95% of total imports. Sweden, Italy, Norway, Ireland and the UK lagged somewhat behind, together comprising a further 3.5%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +443.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Sweden ($X) were the largest medicaments containing vitamins suppliers to Spain, with a combined 74% share of total imports.

Among the main suppliers, Sweden, with a CAGR of +318.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2021, shrinking by -48.5% against the previous year. In general, the import price showed a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Sweden ($X per ton), while the price for the Netherlands ($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 (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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