Norway: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Norway

The Norwegian medicaments containing vitamins market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Medicaments Containing Vitamins Production in Norway

In value terms, medicaments containing vitamins production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight setback. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from Norway

In 2022, the amount of medicaments containing vitamins and provitamins exported from Norway plummeted to X tons, dropping by X% on the year before. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins exports reduced notably to $X in 2022. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Denmark (X tons) and Lithuania (X tons) were the main destinations of medicaments containing vitamins exports from Norway, together accounting for X% of total exports. Spain, Hong Kong SAR, South Korea, France, the Netherlands, Switzerland and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Lithuania, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the average medicaments containing vitamins export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Lithuania ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Norway

After three years of growth, supplies from abroad of medicaments containing vitamins and provitamins decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, medicaments containing vitamins imports reduced to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of medicaments containing vitamins to Norway, with a X% share of total imports. Moreover, medicaments containing vitamins imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The third position in this ranking was held by Ireland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Ireland (X% per year).

In value terms, Sweden ($X), Ireland ($X) and Germany ($X) appeared to be the largest medicaments containing vitamins suppliers to Norway, together accounting for X% of total imports.

Ireland, with a CAGR of X%, saw 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

In 2022, the average medicaments containing vitamins import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :