Italy - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSignificant Increase in Italy's August 2023 Import of Vitamins Reaches $15M
Italy Vitamin Imports
In August 2023, after two months of decline, there was growth in supplies from abroad of provitamins and vitamins, when their volume increased by 4.7% to 1.3K tons. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when imports increased by 49% month-to-month. As a result, imports attained the peak of 1.7K tons. From June 2023 to August 2023, the growth of imports failed to regain momentum.
In value terms, vitamin imports rose significantly to $15M (IndexBox estimates) in August 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 with an increase of 58% month-to-month.
| COUNTRY | Import Value of Vitamin in Italy (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| Netherlands | 3.6 | 5.0 | 4.0 | 1.5 | 7.5 | 2.1 | 5.4 | 5.1 | 3.3 | 4.5 | 3.6 | 4.9 | 3.9 |
| Germany | 2.2 | 2.5 | 1.7 | 2.7 | 1.8 | 2.8 | 3.2 | 3.6 | 2.6 | 2.8 | 3.3 | 2.0 | 3.1 |
| Belgium | 0.8 | 0.5 | 1.1 | 0.5 | 0.7 | 2.1 | 1.3 | 1.6 | 0.3 | 2.0 | 0.8 | 1.1 | 2.3 |
| China | 4.3 | 2.4 | 1.4 | 2.2 | 3.3 | 2.5 | 2.2 | 3.3 | 1.7 | 1.9 | 1.8 | 1.2 | 2.3 |
| France | 0.6 | 0.9 | 0.8 | 0.8 | 0.9 | 1.0 | 0.8 | 0.6 | 0.7 | 0.8 | 0.7 | 0.8 | 1.0 |
| Spain | 0.6 | 1.0 | 1.3 | 0.8 | 0.7 | 1.5 | 0.5 | 1.0 | 1.1 | 0.6 | 0.8 | 0.6 | 0.7 |
| Slovenia | 0.1 | 0.2 | 0.1 | < 0.1 | < 0.1 | 0.2 | 0.1 | < 0.1 | < 0.1 | 0.2 | 0.2 | 0.1 | 0.2 |
| Others | 1.4 | 3.0 | 1.1 | 1.7 | 1.3 | 3.1 | 2.8 | 4.6 | 2.8 | 3.2 | 4.8 | 2.1 | 1.2 |
| Total | 13.6 | 15.5 | 11.4 | 10.2 | 16.2 | 15.2 | 16.2 | 19.9 | 12.6 | 16.0 | 15.9 | 12.9 | 14.6 |
Imports by Country
The Netherlands (337 tons), Germany (254 tons) and China (226 tons) were the main suppliers of vitamin imports to Italy, with a combined 64% share of total imports. France, Belgium, Spain and Slovenia lagged somewhat behind, together comprising a further 30%.
From August 2022 to August 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +9.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($3.9M), Germany ($3.1M) and China ($2.3M) constituted the largest vitamin suppliers to Italy, together comprising 64% of total imports. Belgium, France, Spain and Slovenia lagged somewhat behind, together comprising a further 28%.
Among the main suppliers, Belgium, with a CAGR of +8.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Vitamins; vitamin e and its derivatives, unmixed (454 tons), vitamins; vitamin c and its derivatives, unmixed (345 tons) and vitamins; n.e.s. in heading no. 2936, including natural concentrates (181 tons) were the main products of vitamin imports to Italy, together comprising 77% of total imports. Vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed, vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed and vitamins; vitamin B12 and its derivatives, unmixed lagged somewhat behind, together accounting for a further 23%.
From August 2022 to August 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by vitamins; vitamin B2 and its derivatives, unmixed (with a CAGR of +8.6%), while imports for the other products experienced more modest paces of growth.
In value terms, vitamins; vitamin e and its derivatives, unmixed ($6.6M) constituted the largest type of vitamin supplied to Italy, comprising 45% of total imports. The second position in the ranking was taken by vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($2.2M), with a 15% share of total imports. It was followed by vitamins; n.e.s. in heading no. 2936, including natural concentrates, with a 12% share.
Import Prices by Country
In August 2023, the vitamin price stood at $11,439 per ton (CIF, Italy), with an increase of 8.6% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 33% against the previous month. As a result, import price reached the peak level of $14,750 per ton. From January 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($21,966 per ton), while the price for Slovenia ($3,105 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the vitamin market in Italy. 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 2030.
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
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
