In 2023, global vitamin exports totaled an impressive $4.85 billion, marking a notable increase from the $4 billion recorded five years earlier in 2019. This reflects an average growth rate of 21.5% over the past five years.

Compared to 2022, the value of vitamin exports saw a 3% rise, from $4.7 billion to the 2023 figure of $4.85 billion.

The top five vitamin-exporting countries in 2023—Germany, the United States, Hong Kong, the Netherlands, and India—accounted for nearly 44% of global vitamin exports.

When broken down by region, Europe led the way in vitamin exports, contributing $2.6 billion or 52.7% of the global total. Asia followed with a share of 21.9%, and North America supplied 16.9% of global vitamin exports.

Other regions contributed smaller shares, including Oceania (primarily Australia) at 5.2%, Latin America (excluding Mexico but including the Caribbean) at 3.1%, and Africa at just 0.2%.

On the import side, the top five vitamin-importing nations in 2023 were China, the United States, Germany, Russia, and Hong Kong. Together, these countries made up 29.7% of the world's vitamin imports.

Interestingly, the share of global vitamin exports is more concentrated (43.8%) compared to imports (29.7%), which can be attributed to the higher number of importing countries and territories—211 importers versus 125 exporters.

For reference, the 6-digit Harmonized Tariff System (HTS) code for both imported and exported vitamins is 300450, which includes medicaments with provitamins and vitamins, as well as their natural derivatives and concentrates.

Key Vitamin Importing Companies

Several companies are major players in the global vitamin trade. The top importers include:

1.ООО БЕРИНГЕР ИНГЕЛЬХАЙМ(24100%, $245.09 Million)

2.АО НИЖФАРМ(93500%, $205.97 Million)

3.UBIPHARM COTE D IVOIRE(236900%, $110.24 Million)

4.АО ЦВ ПРОТЕК(102900%, $102.09 Million)

5.JV COCA-COLA ALMATY BOTTLERS LLP(1700%, $100.08 Million)

6.ТОВ НЕСТЛЕ УКРАЇНА УКРАЇНА(304400%, $97.12 Million)

7.ООО РЕКИТТ БЕНКИЗЕР ХЭЛСКЭР(74800%, $96.62 Million)

8.ООО ЭГИС РУС(63500%, $72.5 Million)

9.АО КОМПАНИЯ ФУДМАСТЕР(125000%, $65.45 Million)

10.ТОО DIRUI KAZAKHSTAN(15600%, $62.92 Million)

Key Vitamin Exporting Companies

According to Tendata, the top vitamin exporters in the world in 2023 were:

1.PT PACIFIC MEDAN INDUSTRI(56200%, $100.71 Million)

2.ТОО SELAM EKSPORT СЕЛАМ ЭКСПОРТ(47700%, $43.15 Million)

3.ТОО КОМПАНИЯ САЛАМАТ(81100%, $36.7 Million)

4.PT PRIMUS SANUS COOKING OIL INDUSTRIAL(17100%, $36.45 Million)

5.ООО НПФ МАТЕРИА МЕДИКА ХОЛДИНГ(11500%, $20.91 Million)

6.SYNERGIA LIFE SCIENCES PVT LTD(36800%, $17.93 Million)

7.ТОО ДАНИ НАН ЭКСПОРТ(27700%, $16.78 Million)

8.ЗАО МПК(65600%, $10.18 Million)

9.PROCAPS S A(154100%, $9.5 Million)

10.C I PROCAPS S A(41000%, $9.08 Million)

Top Vitamin Importing Countries

In 2023, the following countries were the largest importers of vitamins by dollar value:

· Mainland China: US$355.7 million (8.1% of total imported vitamins)

· United States: $261.9 million (6%)

· Germany: $230.3 million (5.3%)

· Russia: $228 million (5.2%)

· Hong Kong: $224.7 million (5.1%)

· Ireland: $145.2 million (3.3%)

· Canada: $136.8 million (3.1%)

· Philippines: $105 million (2.4%)

· Ukraine: $103.4 million (2.4%)

· Kazakhstan: $101.3 million (2.3%)

· United Kingdom: $99.4 million (2.3%)

· Netherlands: $96.1 million (2.2%)

· Poland: $96.1 million (2.2%)

· Italy: $88 million (2%)

· France: $82.9 million (1.9%)

Together, these 15 countries imported over half (53.8%) of the world’s vitamins in 2023. Among them, Italy, Ireland, Kazakhstan, and Ukraine saw the highest growth in imports, with increases ranging from 48.6% to 56.9% compared to 2022.

Top Vitamin Exporting Countries

The leading vitamin-exporting countries in 2023 were:

· Germany: US$632.2 million (13% of total exported vitamins)

· United States: $573.4 million (11.8%)

· Hong Kong: $364.6 million (7.5%)

· Netherlands: $293.3 million (6%)

· India: $264.6 million (5.5%)

· Australia: $246.1 million (5.1%)

· France: $236.7 million (4.9%)

· Canada: $196.4 million (4%)

· Switzerland: $153.1 million (3.2%)

· Austria: $136.1 million (2.8%)

· Japan: $130.5 million (2.7%)

· Hungary: $127.7 million (2.6%)

· Italy: $111.3 million (2.3%)

· Spain: $109.8 million (2.3%)

· Poland: $104.5 million (2.2%)

These 15 top exporters shipped more than 75% of the world’s vitamin exports in 2023. Hong Kong, the Netherlands, Austria, and Hungary saw the fastest growth in exports, with increases of up to 101.5% compared to 2022.

However, some countries experienced declines in their vitamin exports, including Switzerland (-23.1%), Canada (-18.9%), Japan (-13.5%), and Poland (-6.8%).

Conclusion

The global vitamins trade in 2023 reflects strong growth and regional diversification, with Europe and North America remaining dominant in exports, while Asian nations, led by China, continue to be significant importers. The overall market is shaped by a few key exporters and importers, but emerging markets like Kazakhstan and Ukraine are making notable strides in both importing and exporting vitamins.