Vietnam: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Vietnam

The Vietnamese medicaments containing vitamins market fell to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports from Vietnam

After three years of decline, shipments abroad of medicaments containing vitamins and provitamins increased by X% to X tons in 2022. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins exports expanded sharply to $X in 2022. Over the period under review, exports saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons), Cambodia (X tons) and Singapore (X tons) were the main destinations of medicaments containing vitamins exports from Vietnam, together comprising X% of total exports.

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

In value terms, the largest markets for medicaments containing vitamins exported from Vietnam were Cambodia ($X), Myanmar ($X) and Singapore ($X), with a combined X% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 medicaments containing vitamins export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average 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 Philippines ($X per ton), while the average price for exports to Myanmar ($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 Cambodia (X%), while the prices for the other major destinations experienced a decline.

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Medicaments Containing Vitamins Imports

Imports into Vietnam

In 2022, the amount of medicaments containing vitamins and provitamins imported into Vietnam skyrocketed to X tons, increasing by X% on the previous year. In general, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, medicaments containing vitamins imports surged to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Australia (X tons) and South Korea (X tons) were the main suppliers of medicaments containing vitamins imports to Vietnam, with a combined X% share of total imports. France, Japan, Spain, Germany, India, Thailand, Egypt, the United States, Taiwan (Chinese) and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Australia ($X) and South Korea ($X) were the largest medicaments containing vitamins suppliers to Vietnam, with a combined X% share of total imports. France, Japan, Spain, Germany, India, Thailand, Egypt, the United States, Taiwan (Chinese) and Switzerland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw 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

In 2022, the average medicaments containing vitamins import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Egypt ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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