Ireland: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Ireland

The Irish medicaments containing vitamins market rose modestly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Medicaments containing vitamins consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in Ireland

In value terms, medicaments containing vitamins production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021, and then shrank in the following year.

Medicaments Containing Vitamins Exports

Exports from Ireland

In 2022, shipments abroad of medicaments containing vitamins and provitamins increased by X% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, showed a abrupt slump. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, medicaments containing vitamins exports soared to $X in 2022. In general, exports, however, continue to indicate a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of medicaments containing vitamins exports from Ireland, together accounting for X% of total exports. Nigeria, the UK, Gambia, Sweden, Spain, Denmark and Brazil lagged somewhat behind, together accounting for 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 Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Malaysia ($X) and the United States ($X) were the largest markets for medicaments containing vitamins exported from Ireland worldwide, together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, dropping by X% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Denmark ($X per ton), while the average price for exports to Gambia ($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 Denmark (X%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Vitamins Imports

Imports into Ireland

In 2022, overseas purchases of medicaments containing vitamins and provitamins were finally on the rise to reach X tons after two years of decline. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins imports rose significantly to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of medicaments containing vitamins imports to Ireland, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Ireland, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United States (X% per year).

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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 the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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