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

IndexBox has just published a new report "World: Provitamins And Vitamins - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global vitamin imports stood at 450K tonnes, lowering by -17.6% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when import increased by 16% y-o-y. Over the period under review, global vitamin imports reached its maximum volume of 546K tonnes in 2015, falling back in the following year.

In value terms, vitamin imports stood at $6.6B in 2016. The total import value increased at an average annual rate of +3.4% from 2007 to 2016- the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global vitamin imports reached its maximum level of $7.2B in 2011- however, from 2012 to 2016, it failed to regain its strength.

Top Vitamin Importing Countries in the World

1. Germany (499.8 million USD)

2. Netherlands (324.2 million USD)

3. France (313.7 million USD)

4. Singapore (266.6 million USD)

5. Belgium (251.5 million USD)

6. China (230.8 million USD)

7. Japan (199.6 million USD)

8. Canada (192.0 million USD)

9. Brazil (184.8 million USD)

10. United Kingdom (181.8 million USD)

11. Spain (176.5 million USD)

12. Indonesia (153.7 million USD)

Vitamin Imports By Country

The imports of the twelve major importers of vitamin, namely Germany, the Netherlands, Belgium, France, the UK, Japan, Brazil, Singapore, Indonesia, Canada, China, and Spain, represented more than half of total import.

From 2007 to 2016, the most notable growth rate of vitamin imports, among the main importing countries, was attained by Indonesia (+8.1% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($500M), the Netherlands ($324M) and France ($314M) were the countries with the highest levels of imports in 2016, with a combined 17% share of global imports.Singapore, Belgium, China, Japan, Canada, Brazil, the UK, Spain and Indonesia lagged somewhat behind, together comprising a further 28%.

Indonesia (+9.8% per year) recorded the highest rates of growth with regard to the vitamin imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Vitamin Import Prices By Country

The average vitamin import price stood at $15 per kg in 2016, surging by 33% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +3.9%.The pace of growth appeared the most rapid in 2008, an increase of 53% year-to-year. In that year, average vitamin import price reached its maximum level of $16 per kg. From 2009 to 2016, growth of average vitamin import price stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was China ($18 per kg), while the Netherlands ($8,678 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of vitamin import prices was attained by the Netherlands (+6.7% per year), while the other global leaders experienced more modest paces of growth.

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