Russian Federation: Vitamin Market 2024

Vitamin Market Size in the Russian Federation

The Russian vitamin market reached $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. Vitamin consumption peaked in 2022 and is expected to retain growth in the near future.

Vitamin Production in the Russian Federation

In value terms, vitamin production reached $X in 2022 estimated in export price. Overall, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Vitamin production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Vitamin Exports

Exports from the Russian Federation

In 2022, approx. X tons of provitamins and vitamins were exported from Russia; falling by X% compared with 2021. Overall, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, vitamin exports contracted rapidly to $X in 2022. In general, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for vitamin exports from Russia, with a X% share of total exports. Moreover, vitamin exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X tons), sixfold. Uzbekistan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Uzbekistan (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Armenia (X% per year).

Export Prices by Country

The average vitamin export price stood at $X per ton in 2022, remaining stable against the previous year. In general, export price indicated a mild increase 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 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. 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 Chile ($X per ton), while the average price for exports to Armenia ($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 Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into the Russian Federation

For the seventh year in a row, Russia recorded growth in overseas purchases of provitamins and vitamins, which increased by X% to X tons in 2022. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vitamin imports rose significantly to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest vitamin supplier to Russia, accounting for a X% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, China ($X) constituted the largest supplier of provitamins and vitamins to Russia, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average vitamin import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank markedly in the following year.

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 France ($X per ton), while the price for India ($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 more modest paces of growth.

Source: IndexBox Platform

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