Period 2007-2018
Vitamin Market Overview in Cyprus |
Market Overview
The revenue of the vitamin market in Cyprus amounted to $
in 2018, surging by % 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, vitamin consumption continues to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Vitamin consumption peaked in 2018 and is likely to see steady growth in the in years to come.
in 2018, surging by % 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, vitamin consumption continues to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Vitamin consumption peaked in 2018 and is likely to see steady growth in the in years to come.Consumption
In 2018, the amount of provitamins and vitamins consumed in Cyprus stood at tonnes, picking up by % against the previous year. In general, vitamin consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Over the period under review, the vitamin consumption attained its peak figure volume in 2018 and is likely to see steady growth in the immediate term.
The revenue of the vitamin market in Cyprus amounted to $ in 2018, jumping by % 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). Overall, vitamin consumption continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2014 with an increase of % against the previous year. Vitamin consumption peaked in 2018 and is likely to see steady growth in the in years to come.
tonnes, picking up by % against the previous year. In general, vitamin consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Over the period under review, the vitamin consumption attained its peak figure volume in 2018 and is likely to see steady growth in the immediate term.The revenue of the vitamin market in Cyprus amounted to $
in 2018, jumping by % 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). Overall, vitamin consumption continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2014 with an increase of % against the previous year. Vitamin consumption peaked in 2018 and is likely to see steady growth in the in years to come.Market Forecast
Driven by increasing demand for vitamin in Cyprus, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2018 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2018 to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Cyprus remains a net importer of vitamin; in physical and value terms, imports consistently exceeded exports from 2007 to 2018. In 2018, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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