Switzerland: Vitamin Market 2024

Vitamin Market Size in Switzerland

In 2021, the Swiss vitamin market decreased by -0.7% to $X, falling for the second consecutive year after five years of growth. In general, consumption saw a strong expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Vitamin Production in Switzerland

In value terms, vitamin production shrank rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.7% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, production reached the peak level of $X, and then declined notably in the following year.

Vitamin Exports

Exports from Switzerland

In 2021, shipments abroad of provitamins and vitamins increased by 56% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vitamin exports soared to $X in 2021. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 59% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main destinations of vitamin exports from Switzerland, with a combined 23% share of total exports. These countries were followed by Brazil, Singapore, China, Turkey, Russia, Thailand, the Netherlands, South Korea, Canada and Spain, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +133.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vitamin exported from Switzerland were the United States ($X), Germany ($X) and China ($X), with a combined 26% share of total exports. These countries were followed by Brazil, France, Singapore, Russia, South Korea, Thailand, Turkey, Canada, Spain and the Netherlands, which together accounted for a further 23%.

Among the main countries of destination, the Netherlands, with a CAGR of +106.8%, 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 vitamin export price amounted to $X per ton, waning by -9.9% against the previous year. In general, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2018 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($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 China (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Switzerland

In 2021, the amount of provitamins and vitamins imported into Switzerland soared to X tons, jumping by 23% on 2020 figures. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vitamin imports shrank modestly to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 35% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of vitamin imports to Switzerland, together accounting for 64% of total imports. These countries were followed by the Netherlands, France, the UK and India, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +16.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vitamin suppliers to Switzerland were France ($X), Germany ($X) and China ($X), with a combined 60% share of total imports. Italy, the Netherlands, the UK and India lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, India, with a CAGR of +19.2%, recorded the highest growth rate of 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 vitamin import price stood at $X per ton in 2021, shrinking by -20.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 France ($X per ton), while the price for China ($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 (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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