Market research

For retail sale medicaments with vitamins market in Greece

For retail sale medicaments with vitamins market in Greece

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The market size for retail-packed vitamin medicaments in Greece experienced notable fluctuations between 2018 and 2020. It declined from 35 371 thousand US dollars in 2018 to 31 114 thousand US dollars in 2019, before recovering to 37 746 thousand US dollars in 2020.

Import volumes peaked at 29 914 thousand US dollars in 2020, followed by a sustained downward trend to 18 199 thousand US dollars by 2024. Exports remained robust throughout the period, consistently exceeding 50 000 thousand US dollars and reaching a high of 55 940 thousand US dollars in 2021.

Domestic production was stable from 2018 to 2020, ranging between 59 000 and 62 270 thousand US dollars, supporting strong export activity while the domestic market size varied.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 4. Key Market Indicators
    1. 4.1. In value
      1. 4.1.1. Production, 2018-2020
      2. 4.1.2. Imports, 2018-2024
      3. 4.1.3. Exports, 2018-2024
      4. 4.1.4. Market size, 2018-2020
  5. 5. Production
    1. 5.1. Production in Greece
      1. 5.1.1. In value, 2018-2020, K $ US
    2. 5.2. Production in the EU, 2018-2024
      1. 5.2.1. In value, 2018-2024, K $ US
  6. 6. Imports
    1. 6.1. Imports (Direct Data)
      1. 6.1.1. Imports - Total information
      2. 6.1.2. Imports in kind, t
        1. 6.1.2.1. Annual dynamics of product's imports to Greece in kind, 2018-2024, t
        2. 6.1.2.2. Dynamics of product's imports in kind to Greece by countries, 2018-2024, t
        3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.1.3. Imports in value, K $ US
        1. 6.1.3.1. Annual dynamics of product's imports to Greece in value, 2018-2024, K $ US
        2. 6.1.3.2. Dynamics of product's imports in value to Greece by countries, 2018-2024, K $ US
        3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.1.4. Average price of product's imports, $ US/kg
        1. 6.1.4.1. Annual dynamics of average price of product's imports to Greece, 2018-2024, $ US/kg
        2. 6.1.4.2. Dynamics of average price of product's imports to Greece by countries, 2018-2024, $ US/kg
    2. 6.2. Imports (Mirror Data)
      1. 6.2.1. Imports - Total information
      2. 6.2.2. Imports in kind, t
        1. 6.2.2.1. Annual dynamics of product's imports to Greece in kind, 2018-2024, t
        2. 6.2.2.2. Dynamics of product's imports in kind to Greece by countries, 2018-2024, t
        3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.2.3. Imports in value, K $ US
        1. 6.2.3.1. Annual dynamics of product's imports to Greece in value, 2018-2024, K $ US
        2. 6.2.3.2. Dynamics of product's imports in value to Greece by countries, 2018-2024, K $ US
        3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.2.4. Average price of product's imports, $ US/kg
        1. 6.2.4.1. Annual dynamics of average price of product's imports to Greece, 2018-2024, $ US/kg
        2. 6.2.4.2. Dynamics of average price of product's imports to Greece by countries, 2018-2024, $ US/kg
  7. 7. Exports
    1. 7.1. Exports (Direct Data)
      1. 7.1.1. Exports - Total information
      2. 7.1.2. Exports in kind, t
        1. 7.1.2.1. Annual dynamics of product's exports from Greece in kind, 2018-2024, t
        2. 7.1.2.2. Dynamics of product's exports in kind from Greece by countries, 2018-2024, t
        3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.1.3. Exports in value, K $ US
        1. 7.1.3.1. Annual dynamics of product's exports from Greece in value, 2018-2024, K $ US
        2. 7.1.3.2. Dynamics of product's exports in value from Greece by countries, 2018-2024, K $ US
        3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.1.4. Average price of product's exports, $ US/kg
        1. 7.1.4.1. Annual dynamics of average price of product's exports from Greece, 2018-2024, $ US/kg
        2. 7.1.4.2. Dynamics of average price of product's exports from Greece by countries, 2018-2024, $ US/kg
    2. 7.2. Exports (Mirror Data)
      1. 7.2.1. Exports - Total information
      2. 7.2.2. Exports in kind, t
        1. 7.2.2.1. Annual dynamics of product's exports from Greece in kind, 2018-2024, t
        2. 7.2.2.2. Dynamics of product's exports in kind from Greece by countries, 2018-2024, t
        3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.2.3. Exports in value, K $ US
        1. 7.2.3.1. Annual dynamics of product's exports from Greece in value, 2018-2024, K $ US
        2. 7.2.3.2. Dynamics of product's exports in value from Greece by countries, 2018-2024, K $ US
        3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.2.4. Average price of product's exports, $ US/kg
        1. 7.2.4.1. Annual dynamics of average price of product's exports from Greece, 2018-2024, $ US/kg
        2. 7.2.4.2. Dynamics of average price of product's exports from Greece by countries, 2018-2024, $ US/kg
  8. 8. Trade balance
    1. 8.1. Trade balance (Direct Data)
      1. 8.1.1. In kind, t
      2. 8.1.2. In value, K $ US
    2. 8.2. Trade balance (Mirror Data)
      1. 8.2.1. In kind, t
      2. 8.2.2. In value, K $ US
  9. 9. Top buying and selling countries, 2018-2024
    1. 9.1. Direct Data
      1. 9.1.1. Import in Value by Countries-buyers
      2. 9.1.2. Export in Value by Countries-suppliers
    2. 9.2. Mirror Data
      1. 9.2.1. Import in Value by Countries-buyers
      2. 9.2.2. Export in Value by Countries-suppliers

Production for retail sale medicaments with vitamins in Greece

In value, 2017-2020, K $ US

In Greece, the production value of retail sale medicaments with vitamins reached 62 270 K $ US in 2020, marking a controlled gain of 5.5% compared to the previous year. Over the period from 2017 to 2020, production grew by 34.1%, which translates to an annualized rate of 10.3%. The largest increase occurred in 2018, at 27.8%, while the largest decline was recorded in 2019, at 0.5%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year27.8%(0.5%)5.5%10.3%
Source: SHEV.io

Exports for retail sale medicaments with vitamins from Greece

Exports in kind, t

Exports of retail sale medicaments with vitamins from Greece have increased for the third consecutive year. In 2020, exports reached 4 133 t, showing a substantial rise of 17.6% compared to 2019. Between 2017 and 2020, exports grew by 24.8%, equating to an annualized rate of 7.7%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year5.2%0.9%17.6%7.7%
Source: SHEV.io

From 2017 to 2020, three main markets—the United Kingdom, France, and Cyprus—together absorbed 78.5% of Greece's total exports in kind of retail sale medicaments with vitamins.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Greece in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

After two years of gains, exports of retail sale medicaments with vitamins from Greece declined in 2020. That year, exports amounted to 54 437 K $ US, constituting a drop of 0.8% compared to 2019. Over the 2017-2020 period, exports increased by 36.1%, with a compound annual growth rate (CAGR) of 10.8%. The maximum value was recorded in 2019 at 54 893 K $ US, while the largest increase occurred in 2018, at 29.5%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year29.5%6.0%(0.8%)10.8%
Source: SHEV.io

Throughout 2017–2020, the United Kingdom (35.8% of exports in value terms), France (11.0%), and Germany (10.7%) formed the core group of markets for Greece's exports in value terms of retail sale medicaments with vitamins, together representing 57.4% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Greece in value, 2017-2020

Source: SHEV.io

Imports for retail sale medicaments with vitamins to Greece

Imports in kind, t

Greece's import volume of retail sale medicaments with vitamins has increased for the second consecutive year. In 2020, imports amounted to 1 394 t, showing a moderate uptick of 7.2% versus the previous year. Between 2017 and 2020, imports grew by 44%, equating to an annualized rate of 12.9%. The minimum value was recorded in 2018 at 924 t, with the largest decline that year at 4.6%, while the largest increase occurred in 2019, at 40.7%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(4.6%)40.7%7.2%12.9%
Source: SHEV.io

Over the 2017–2020 period, Germany (36.6% of imports in kind), the Netherlands (16.5%), and France (14.2%) made the biggest contribution to Greece's imports in kind of retail sale medicaments with vitamins, jointly accounting for 67.3% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Greece in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, Greece imported 29 914 K $ US worth of retail sale medicaments with vitamins, reflecting a solid increase of 10.8% compared to the previous year. Over the 2017-2020 period, imports increased by 10.2%, with a compound annual growth rate (CAGR) of 3.3%. The minimum value was recorded in 2019 at 26 986 K $ US, with the largest decline that year at 3.1%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year2.7%(3.1%)10.8%3.3%
Source: SHEV.io

Throughout 2017–2020, the United Kingdom (20.5% of imports in value terms), the Netherlands (18.9%), and Germany (15.2%) played the leading roles in Greece's imports in value terms of retail sale medicaments with vitamins, jointly taking 54.6% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Greece in value, 2017-2020

Source: SHEV.io

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