Netherlands: Vitamin Market 2024

Vitamin Market Size in the Netherlands

The Dutch vitamin market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vitamin Production in the Netherlands

In value terms, vitamin production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed significant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

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Vitamin Exports

Exports from the Netherlands

In 2022, approx. X tons of provitamins and vitamins were exported from the Netherlands; rising by X% against 2021. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, vitamin exports expanded remarkably to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main destinations of vitamin exports from the Netherlands, with a combined X% share of total exports. Belgium, Poland, Italy, Spain, the UK, Singapore, Turkey, China, South Korea and Denmark lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the largest markets for vitamin exported from the Netherlands worldwide, with a combined X% share of total exports. Belgium, Poland, Italy, Singapore, Spain, Turkey, the UK, South Korea, China and Denmark lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average vitamin export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a notable 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 increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Belgium ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into the Netherlands

In 2022, purchases abroad of provitamins and vitamins increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, vitamin imports rose rapidly to $X in 2022. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Switzerland (X tons) and the UK (X tons) were the main suppliers of vitamin imports to the Netherlands, together comprising X% of total imports.

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

In value terms, the largest vitamin suppliers to the Netherlands were China ($X), Germany ($X) and Switzerland ($X), with a combined X% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, dropping by X% against the previous year. Overall, import price indicated a modest 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 import price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 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 remained at a lower figure.

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

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

Source: IndexBox Platform

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