Italy: Vitamin Market 2024

Vitamin Market Size in Italy

The Italian vitamin market shrank to $X in 2022, dropping by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Vitamin Production in Italy

In value terms, vitamin production rose markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase 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. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Vitamin production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Vitamin Exports

Exports from Italy

After three years of growth, shipments abroad of provitamins and vitamins decreased by X% to X tons in 2022. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, vitamin exports shrank significantly to $X in 2022. Overall, exports, however, posted a noticeable expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then plummeted in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for vitamin exports from Italy, accounting for a X% share of total exports. Moreover, vitamin exports to the Netherlands exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Belgium (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for provitamins and vitamins exports from Italy, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Switzerland, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average vitamin export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, export price indicated a temperate expansion 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, vitamin export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($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 more modest paces of growth.

Vitamin Imports

Imports into Italy

After four years of growth, overseas purchases of provitamins and vitamins decreased by X% to X tons in 2022. In general, total imports indicated noticeable growth from 2012 to 2022: its volume 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 2019 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, vitamin imports reduced rapidly to $X in 2022. Overall, total imports indicated noticeable growth 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of vitamin imports to Italy, together accounting for X% of total imports. France, Spain, Belgium and Slovenia 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 Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vitamin suppliers to Italy were the Netherlands ($X), China ($X) and Germany ($X), with a combined X% share of total imports. Spain, Belgium, France and Slovenia lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vitamin import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Netherlands ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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