Which Country Exports the Most Provitamins and Vitamins in the World?

Pharmaceuticals, Medicinal Chemical And Botanical Products May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the amount of vitamin exported worldwide amounted to 424K tonnes, declining by -4.9% against the previous year level. The total export volume increased at an average annual rate of +2.6% over the period from 2007 to 2016; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010, when it surged by 22% y-o-y. Over the period under review, global vitamin exports reached its maximum volume of 445K tonnes in 2015, falling back in the following year.

In value terms, vitamin exports amounted to $5.4B in 2016. In general, vitamin exports continue to indicate a relatively flat trend pattern. Over the period under review, global vitamin exports reached its maximum level of $5.5B in 2011; however, from 2012 to 2016, it failed to regain its strength.

Top Vitamin Exporting Countries in the World

1. China (2,165.1 million USD)

2. Germany (448.4 million USD)

3. Singapore (307.6 million USD)

4. Netherlands (295.8 million USD)

5. France (257.3 million USD)

6. Belgium (164.0 million USD)

7. India (154.4 million USD)

8. Australia (78.6 million USD)

9. Thailand (40.8 million USD)

Vitamin Exports By Country

China (243K tonnes) dominates in vitamin exports structure, recording 243K tonnes, which was near 57% of total exports in 2016. The Netherlands (28K tonnes) held the second position in the ranking, followed by Germany (27K tonnes), and Belgium (22K tonnes). All these countries together occupied approx. 18% share of total exports. India (19K tonnes), Singapore (17K tonnes), France (16K tonnes), Thailand (8.7K tonnes), and Australia (8.4K tonnes) occupied the slight share of total exports.

Exports from China increased at an average annual rate of +6.2% from 2007 to 2016. At the same time, Thailand (+16.3%), India (+15.6%), and Belgium (+2.4%) displayed positive paces of growth. Moreover, Germany emerged as the fastest growing importer/exporter in the world, with a CAGR of nan% from 2007-2016. Germany, Australia, and Singapore experienced a relatively flat trend pattern. By contrast, France (-3.2%), and the Netherlands (-4.7%) illustrated a downward trend over the same period. While the share of the Netherlands (4%) increased significantly, the share of Thailand (-1.5%), India (-3.2%), and China (-23.8%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.2B) remains the largest vitamin supplier in the world, making up 40% of global exports. The second position in the ranking was occupied by Germany ($448M), with the share of 8% of global exports. It was followed by Singapore, with the share of 6%.

From 2007 to 2016, the average annual rate of growth in terms of value of vitamin exports in China stood at +1.1%. The remaining exporting countries recorded the following average annual rates: Germany (-5.6% per year) and Singapore (+0.6% per year).

Vitamin Export Prices By Country

In 2016, the average export price for vitamin amounted to $13 per kg, jumping by 16% against the previous year. In general, vitamin export price continues to indicate a temperate slump. The pace of growth appeared the most rapid in 2016, an increase of 16% against the previous year level. Over the period under review, average vitamin export price reached its maximum level of $16 per kg in 2009; however, from 2010 to 2016, it failed to regain its strength.

Export prices varied noticeably by country of destination. the country with the highest export prices was Singapore ($18 per kg), while Thailand ($4,700 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of vitamin export prices was attained by Australia (+4.8% per year), while the other global leaders experienced mixed trends in the export price figures.

Do you want to know more about global vitamin market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • vitamin market share
  • vitamin prices
  • vitamin industry
  • vitamin sales
  • vitamin import
  • vitamin export
  • vitamin market forecast
  • vitamin price forecast
  • key vitamin producers

All data provided in this article covers the following product: HS Code 2936 - Provitamins, vitamins; natural or reproduced by synthesis (including natural concentrates) derivatives thereof used as vitamins, and intermixtures of the fore-going, whether or not in any solvent.

Source: World: Provitamins And Vitamins - Market Report. Analysis and Forecast to 2025