Report Update: May 3, 2024

Azerbaijan - Medicaments Containing Vitamins And Provitamins - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Medicaments Containing Vitamins Price in Azerbaijan - 2023

Medicaments Containing Vitamins Price in Azerbaijan (CIF) - 2022

In 2022, the average medicaments containing vitamins import price amounted to $19,002 per ton, declining by -14.8% against the previous year. Overall, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49%. The import price peaked at $22,395 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($72,898 per ton), while the price for India ($5,692 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Medicaments Containing Vitamins Price in Azerbaijan (FOB) - 2022

The average medicaments containing vitamins export price stood at $35,016 per ton in 2022, waning by -26% against the previous year. Over the period under review, the export price, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. As a result, the export price reached the peak level of $47,337 per ton, and then fell dramatically in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($48,222 per ton), while the average price for exports to Georgia ($33,875 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+29.7%).

Medicaments Containing Vitamins Imports in Azerbaijan

For the fourth consecutive year, Azerbaijan recorded growth in overseas purchases of medicaments containing vitamins and provitamins, which increased by 36% to 1.1K tons in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, medicaments containing vitamins imports surged to $21M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Medicaments Containing Vitamins in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,341	2,528	3,329	3,502	37.7%
Turkey	1,019	2,196	1,756	2,787	39.8%
France	931	1,533	1,446	2,458	38.2%
China	38.7	345	667	1,575	244.0%
Slovenia	60.2	338	724	1,466	189.9%
India	41.4	41.3	101	1,456	227.6%
Russia	933	1,381	919	931	-0.1%
Ukraine	N/A	N/A	N/A	798	0%
Belarus	347	535	368	628	21.9%
Netherlands	101	101	60.7	195	24.5%
Georgia	425	403	5.9	0.5	-89.4%
Kazakhstan	90.1	115	104	N/A	7.4%
Canada	467	599	537	N/A	7.2%
Others	2,857	4,202	8,136	5,190	22.0%
Total	8,652	14,319	18,154	20,987	34.4%

Top Suppliers of Medicaments Containing Vitamins to Azerbaijan in 2022:

Georgia (undefined tons)
India (255.8 tons)
France (232.6 tons)
China (203.4 tons)
Ukraine (74.5 tons)
Belarus (73.2 tons)
Turkey (49.6 tons)
Germany (48.0 tons)
Russia (44.8 tons)
Slovenia (32.3 tons)
Netherlands (25.7 tons)

Medicaments Containing Vitamins Exports in Azerbaijan

In 2022, after two years of decline, there was significant growth in overseas shipments of medicaments containing vitamins and provitamins, when their volume increased by 17% to 218 kg. Over the period under review, exports, however, recorded a precipitous shrinkage.

In value terms, medicaments containing vitamins exports contracted to $7.6K in 2022. Overall, exports, however, continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year.

Export of Medicaments Containing Vitamins in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Georgia	19.8	4.9	6.2	6.2	-32.1%
Hong Kong SAR	1.5	1.5	2.0	1.1	-9.8%
Uzbekistan	N/A	N/A	N/A	0.3	0%
Others	0.4	N/A	0.6	N/A	22.5%
Total	21.7	6.4	8.8	7.6	-29.5%

Top Export Markets for Medicaments Containing Vitamins from Azerbaijan in 2022:

Georgia (184.0 kg)
Hong Kong SAR (27.0 kg)
Uzbekistan (7.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the medicaments containing vitamins market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21201360 - Medicaments containing vitamins, provitamins, derivatives and intermixtures thereof, for therapeutic or prophylactic uses, put up in measured doses or for retail sale

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023