U.S.: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in the U.S.

The U.S. medicaments containing vitamins market amounted to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Medicaments Containing Vitamins Production in the U.S.

In value terms, medicaments containing vitamins production amounted to $X in 2021. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 18%. Medicaments containing vitamins production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Medicaments Containing Vitamins Exports

Exports from the U.S.

After two years of decline, shipments abroad of medicaments containing vitamins and provitamins increased by 9.8% to X tons in 2021. Overall, exports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 19%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing vitamins exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Canada (X tons) and Vietnam (X tons) were the main destinations of medicaments containing vitamins exports from the United States, together comprising 47% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +16.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and the United Arab Emirates ($X) constituted the largest markets for medicaments containing vitamins exported from the United States worldwide, with a combined 45% share of total exports.

The United Arab Emirates, with a CAGR of +18.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, increasing by 7.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 8.1% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($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 (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into the U.S.

In 2021, imports of medicaments containing vitamins and provitamins into the United States surged to X tons, rising by 20% compared with 2020 figures. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 77%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins imports reached $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 86%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X tons), India (X tons) and Germany (X tons) were the main suppliers of medicaments containing vitamins imports to the United States, together comprising 75% of total imports. These countries were followed by Israel, the UK, China and Ireland, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), India ($X) and Ireland ($X) constituted the largest medicaments containing vitamins suppliers to the United States, with a combined 72% share of total imports. These countries were followed by Israel, Germany, the UK and China, which together accounted for a further 18%.

The UK, with a CAGR of +61.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average medicaments containing vitamins import price amounted to $X per ton, falling by -16.8% against the previous year. Overall, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Germany ($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 (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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