Ireland: Vitamin Market Overview 2020

Vitamin Market Size in Ireland

The revenue of the vitamin market in Ireland amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, vitamin consumption, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2009 when the market value increased by X% year-to-year. In that year, the vitamin market reached its peak level of $X. From 2010 to 2018, the growth of the vitamin market remained at a somewhat lower figure.

Vitamin Exports

Exports from Ireland

Vitamin exports from Ireland amounted to X tonnes in 2018, growing by X% against the previous year. Overall, vitamin exports, however, continue to indicate a measured descent. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, vitamin exports attained their maximum at X tonnes in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, vitamin exports totaled $X in 2018. Overall, vitamin exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, vitamin exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

The UK (X tonnes) was the main destination for vitamin exports from Ireland, accounting for a X% share of total exports. Moreover, vitamin exports to the UK exceeded the volume sent to the second major destination, Myanmar (X tonnes), threefold. Iran (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the UK stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-X% per year) and Iran (+X% per year).

In value terms, the UK ($X) remains the key foreign market for vitamin exports from Ireland, comprising X% of total vitamin exports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Germany (-X% per year).

Export Prices by Country

The average vitamin export price stood at $X per tonne in 2018, increasing by X% against the previous year. Overall, the vitamin export price continues to indicate resilient growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. In that year, the average export prices for provitamins and vitamins reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Ireland

In 2018, the amount of provitamins and vitamins imported into Ireland stood at X tonnes, therefore, remained relatively stable against the previous year. Overall, vitamin imports continue to indicate a conspicuous increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, vitamin imports totaled $X in 2018. In general, vitamin imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Denmark (X tonnes) constituted the largest vitamin supplier to Ireland, accounting for a X% share of total imports. Moreover, vitamin imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), threefold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Denmark totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the U.S. (+X% per year).

In value terms, Denmark ($X) constituted the largest supplier of vitamin to Ireland, comprising X% of total vitamin imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (-X% per year).

Import Prices by Country

The average vitamin import price stood at $X per tonne in 2018, going up by X% against the previous year. In general, the import price indicated a mild expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vitamin import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. In that year, the average import prices for provitamins and vitamins attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform