Report Update: May 1, 2024

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

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Medicaments Containing Vitamins Price in Ecuador - 2022

Medicaments Containing Vitamins Price in Ecuador (CIF) - 2022

In January 2022, the average medicaments containing vitamins import price amounted to $46,579 per ton, jumping by 56% against the previous month. Overall, import price indicated a noticeable expansion from January 2021 to January 2022: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, medicaments containing vitamins import price increased by +55.5% against December 2021 indices. The import price peaked at $51,852 per ton in May 2021; however, from June 2021 to January 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Costa Rica ($101K per ton), while the price for China ($7,342 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Medicaments Containing Vitamins Price in Ecuador (FOB) - 2022

In 2022, the average medicaments containing vitamins export price amounted to $13,426 per ton, falling by -17.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 22%. Over the period under review, the average export prices hit record highs at $16,189 per ton in 2021, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($100,927 per ton), while the average price for exports to Chile ($5,919 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 the United States (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports in Ecuador

After two years of decline, supplies from abroad of medicaments containing vitamins and provitamins increased by 1.8% to 1.3K tons in 2022. Overall, imports, however, showed a pronounced contraction.

In value terms, medicaments containing vitamins imports dropped modestly to $51M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 7.1%. As a result, imports attained the peak of $52M, and then declined modestly in the following year.

Import of Medicaments Containing Vitamins in Ecuador (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	17.2	17.9	16.7	15.7	-3.0%
Colombia	12.8	9.7	8.6	9.4	-9.8%
Costa Rica	3.2	3.6	6.4	6.0	23.3%
Argentina	6.5	4.5	5.2	4.9	-9.0%
Brazil	1.5	2.6	2.0	1.9	8.2%
Switzerland	1.6	1.8	2.1	1.9	5.9%
Guatemala	0.2	0.7	2.0	1.8	108.0%
United Arab Emirates	0.3	1.4	1.5	1.4	67.1%
United States	0.2	0.3	0.8	0.8	58.7%
Peru	0.5	0.6	0.7	0.7	11.9%
Spain	0.7	0.7	0.6	0.6	-5.0%
El Salvador	0.5	0.5	0.6	0.5	0.0%
China	N/A	0.2	0.3	0.3	22.5%
Others	4.7	4.6	4.8	4.8	0.7%
Total	50.0	49.0	52.5	50.7	0.5%

Top Suppliers of Medicaments Containing Vitamins to Ecuador in 2022:

Colombia (298.5 tons)
Mexico (266.5 tons)
Argentina (202.9 tons)
Brazil (134.6 tons)
China (51.5 tons)
Costa Rica (47.6 tons)
Switzerland (46.7 tons)
Guatemala (40.4 tons)
Peru (38.3 tons)
Spain (37.7 tons)
El Salvador (34.4 tons)
United Arab Emirates (28.6 tons)
United States (20.6 tons)

Medicaments Containing Vitamins Exports in Ecuador

In 2022, the amount of medicaments containing vitamins and provitamins exported from Ecuador skyrocketed to 106 tons, with an increase of 17% on the year before. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, medicaments containing vitamins exports reduced slightly to $1.4M in 2022. The total export value increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year.

Export of Medicaments Containing Vitamins in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bolivia	392	990	702	779	25.7%
Chile	N/A	5.5	230	257	583.6%
Peru	41.2	61.9	109	121	43.2%
Panama	142	10.2	33.3	113	-7.3%
United States	32.6	244	28.9	94.5	42.6%
Hong Kong SAR	2.8	37.9	17.1	19.1	89.7%
Others	393	21.8	348	35.1	-55.3%
Total	1,003	1,371	1,468	1,419	12.3%

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

Bolivia (52.4 tons)
Chile (43.5 tons)
Peru (2.6 tons)
Hong Kong SAR (2.4 tons)
United States (2.3 tons)
Panama (1.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the medicaments containing vitamins market in Ecuador. 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:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
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