United Kingdom: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in the UK

The UK medicaments containing vitamins market rose rapidly to $X in 2021, increasing by 5.2% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 increased by +91.5% against 2012 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Medicaments Containing Vitamins Production in the UK

In value terms, medicaments containing vitamins production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. Medicaments containing vitamins production peaked at $X in 2020, and then reduced slightly in the following year.

Medicaments Containing Vitamins Exports

Exports from the UK

In 2021, approx. X tons of medicaments containing vitamins and provitamins were exported from the UK; with a decrease of -54.1% compared with 2020 figures. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 23%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports declined sharply to $X in 2021. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 19%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana (X tons), Nigeria (X tons) and Libya (X tons) were the main destinations of medicaments containing vitamins exports from the UK, together comprising 37% of total exports. These countries were followed by Russia, Poland, Ireland, Australia, Serbia, Singapore, Germany, Belgium, France and India, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +51.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Australia ($X) and Libya ($X) were the largest markets for medicaments containing vitamins exported from the UK worldwide, with a combined 29% share of total exports. These countries were followed by France, Ireland, Poland, Ghana, Singapore, India, Serbia, Russia, Belgium and Germany, which together accounted for a further 31%.

Serbia, with a CAGR of +40.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average medicaments containing vitamins export price stood at $X per ton in 2021, growing by 7.5% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Russia ($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 India (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into the UK

In 2021, after two years of growth, there was significant decline in overseas purchases of medicaments containing vitamins and provitamins, when their volume decreased by -21% to X tons. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 33%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted dramatically in the following year.

In value terms, medicaments containing vitamins imports fell significantly to $X in 2021. In general, imports showed a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 7%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 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 the UK, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +79.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins suppliers to the UK were Germany ($X), the Netherlands ($X) and France ($X), with a combined 73% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +49.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average medicaments containing vitamins import price amounted to $X per ton, waning by -10.1% against the previous year. In general, the import price saw a deep slump. The growth pace was the most rapid in 2014 an increase of 8.6%. The import price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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