Latest Report Update: May 26, 2021

Portugal - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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Portugal: Vitamin Market Overview 2021

Vitamin Market Size in Portugal

In 2020, the Portuguese vitamin market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in years to come.

Vitamin Production in Portugal

In value terms, vitamin production declined dramatically to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, production reached the peak level of $X. From 2009 to 2020, production growth failed to regain the momentum.

Vitamin Exports

Exports from Portugal

In 2020, shipments abroad of provitamins and vitamins decreased by -X% to X tonnes for the first time since 2015, thus ending a four-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2019, and then shrank sharply in the following year.

In value terms, vitamin exports reduced to $X in 2020. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. As a result, exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Spain (X tonnes) was the main destination for vitamin exports from Portugal, with a X% share of total exports. Moreover, vitamin exports to Spain exceeded the volume sent to the second major destination, Poland (X tonnes), twofold. Italy (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Italy (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Italy (+X% per year).

Export Prices by Country

In 2020, the average vitamin export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price showed moderate growth. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. The export price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Spain ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced a decline.

Vitamin Imports

Imports into Portugal

In 2020, approx. X tonnes of provitamins and vitamins were imported into Portugal; declining by -X% on 2019. In general, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes, and then contracted in the following year.

In value terms, vitamin imports rose markedly to $X in 2020. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest supplier of vitamin to Portugal, with a X% share of total imports. Moreover, vitamin imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

In value terms, Spain ($X), China ($X) and the Netherlands ($X) appeared to be the largest vitamin suppliers to Portugal, together accounting for X% of total imports.

China saw the highest rates of growth with regard to 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

In 2020, the average vitamin import price amounted to $X per tonne, with an increase of X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for provitamins and vitamins in the world?
+
The countries with the highest volumes of vitamin consumption in 2020 were India (537K tonnes), China (273K tonnes) and the U.S. (90K tonnes), together accounting for 55% of global consumption. These countries were followed by Canada, Germany, Japan, the UK, Mexico and Italy, which together accounted for a further 20%.
What are the largest producers of provitamins and vitamins in the world?
+
The countries with the highest volumes of vitamin production in 2020 were China (599K tonnes), India (546K tonnes) and Canada (57K tonnes), together accounting for 76% of global production. Mexico, Japan, Germany, the UK and Switzerland lagged somewhat behind, together accounting for a further 12%.
What are the leading suppliers of provitamins and vitamins to Portugal?
+
In value terms, Spain ($18M), China ($10M) and the Netherlands ($6.3M) constituted the largest vitamin suppliers to Portugal, with a combined 67% share of total imports.
What are the leading importers of provitamins and vitamins from Portugal?
+
In value terms, Spain ($8.7M) remains the key foreign market for vitamin exports from Portugal, comprising 41% of total exports. The second position in the ranking was occupied by Poland ($2.6M), with a 12% share of total exports. It was followed by Italy, with a 8.9% share.
What is the average export price for provitamins and vitamins in Portugal?
+
In 2020, the average vitamin export price amounted to $16,082 per tonne, with an increase of 24% against the previous year.
What is the average import price for provitamins and vitamins in Portugal?
+
In 2020, the average vitamin import price amounted to $9,846 per tonne, picking up by 30% against the previous year.

Product coverage:
• Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent

This report provides an in-depth analysis of the vitamin market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Portugal

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Portugal
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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