Portugal: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Portugal

The Portuguese medicaments containing vitamins market expanded modestly to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Medicaments containing vitamins consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in Portugal

In value terms, medicaments containing vitamins production soared to $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 throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Medicaments Containing Vitamins Exports

Exports from Portugal

In 2022, overseas shipments of medicaments containing vitamins and provitamins increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, medicaments containing vitamins exports stood at $X in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for medicaments containing vitamins exports from Portugal, accounting for a X% share of total exports. Moreover, medicaments containing vitamins exports to Switzerland exceeded the volume sent to the second major destination, France (X tons), sevenfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

In value terms, the United States ($X), France ($X) and Switzerland ($X) constituted the largest markets for medicaments containing vitamins exported from Portugal worldwide, together accounting for X% of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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, falling by X% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 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 the United States ($X per ton), while the average price for exports to Switzerland ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Vitamins Imports

Imports into Portugal

In 2022, overseas purchases of medicaments containing vitamins and provitamins decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated resilient 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins imports declined significantly to $X in 2022. In general, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

In value terms, the largest medicaments containing vitamins suppliers to Portugal were Germany ($X), Spain ($X) and France ($X), together accounting for X% of total imports. Ireland, Sweden, Italy and the UK lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 medicaments containing vitamins import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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