India: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in India

After two years of decline, the Indian medicaments containing vitamins market increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Vitamins Production in India

In value terms, medicaments containing vitamins production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Medicaments containing vitamins production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Medicaments Containing Vitamins Exports

Exports from India

In 2022, after two years of growth, there was significant decline in shipments abroad of medicaments containing vitamins and provitamins, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, medicaments containing vitamins exports fell to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Nigeria (X tons), Ghana (X tons) and France (X tons) were the main destinations of medicaments containing vitamins exports from India, together accounting for X% of total exports. Myanmar, Kenya, Nepal, the Netherlands, Angola, the UK, Tanzania, the United Arab Emirates, the Philippines and Sri Lanka lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing vitamins exported from India were Nigeria ($X), France ($X) and the UK ($X), together accounting for X% of total exports. Myanmar, Ghana, Sri Lanka, Nepal, Kenya, the Philippines, Angola, the United Arab Emirates, Tanzania and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 2022, remaining relatively unchanged against the previous year. In general, the export price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($X 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 France (X%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Vitamins Imports

Imports into India

For the fifth consecutive year, India recorded growth in overseas purchases of medicaments containing vitamins and provitamins, which increased by X% to X tons in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, medicaments containing vitamins imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Switzerland (X tons), Vietnam (X tons) and Belgium (X tons) were the main suppliers of medicaments containing vitamins imports to India, with a combined X% share of total imports. Germany, the United Arab Emirates, the UK, South Korea, the United States and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins suppliers to India were Switzerland ($X), Belgium ($X) and Germany ($X), together comprising X% of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medicaments containing vitamins import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medicaments containing vitamins import price decreased by X% against 2018 indices. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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