For retail sale medicaments with vitamins market in Portugal

Earlier Report Observations

The market for retail-sale vitamin medicaments in Portugal experienced notable fluctuations between 2018 and 2022. After an initial decline in 2019, market size grew to 43 787 thousand USD in 2020, primarily driven by heightened demand for immunity-supporting vitamins such as D and C during the COVID-19 pandemic, which shifted consumer focus towards preventive health supplements.

Regulatory measures introduced in preceding years, including mandatory safety features on medicine packaging and strengthened notification requirements for dietary supplements, shaped the market environment. The publication of reference pricing rules and pharmacovigilance concerns for borderline products in 2021 contributed to a market correction, with size decreasing to 41 827 thousand USD that year.

By 2022, the market stabilized at 41 809 thousand USD. Although reports indicated a surge in pharmacy sales of supplements due to consumer factors like fatigue and increased sports activity, this growth was balanced by price pressures from incentives for generic medicines and new labeling requirements for vitamin supplements containing bioactive substances.

Production for retail sale medicaments with vitamins in Portugal

In value, 2018-2021, K $ US

Portugal's production of medicaments with vitamins for retail sale has grown for the third consecutive year. In 2021, output reached 32 643 K $ US, marking a 7.1% increase from 2020. Over the period from 2018 to 2021, production rose by 9.4%, with a compound annual growth rate of 3.0%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

Exports for retail sale medicaments with vitamins from Portugal

Exports in kind, t

After two years of decline, exports of medicaments with vitamins for retail sale from Portugal rebounded in 2021. Volumes totaled 336 t, representing a sharp increase of 51.3% compared to the previous year. From 2018 to 2021, exports decreased by 21.1%, equivalent to an annualized rate of 7.6%. The lowest point was in 2020 at 222 t, while the largest decline occurred in 2019, falling by 41.0%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

Between 2018 and 2021, Switzerland, Ireland, and the United States were the primary destinations for Portugal's exports of medicaments with vitamins for retail sale in kind. Switzerland accounted for 23.2% of exports, Ireland for 22.2%, and the United States for 12.2%, together absorbing 57.7% of total export volumes.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

Exports of medicaments with vitamins for retail sale from Portugal have increased for the second consecutive year. In 2021, export value reached 10 077 K $ US, showing a modest rise of 4.8% from the previous year. From 2018 to 2021, exports grew by 15.2%, with an annualized rate of 4.8%. The lowest value was recorded in 2019 at 6 499 K $ US, which also saw the largest decline of 25.7%. In contrast, the largest increase occurred in 2020, surging by 48.0%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

From 2018 to 2021, the United States, Angola, and Ireland were the leading destinations for Portugal's exports of medicaments with vitamins for retail sale in value terms. The United States accounted for 28.0% of exports, Angola for 17.3%, and Ireland for 11.7%, together representing 57.0% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports for retail sale medicaments with vitamins to Portugal

Imports in kind, t

Following two years of growth, imports of medicaments with vitamins for retail sale into Portugal declined in 2021. Volumes totaled 1 016 t, showing only a marginal change from the previous year. From 2018 to 2021, imports increased by 10.6%, equivalent to an annualized rate of 3.4%. The peak was in 2020 at 1 017 t, which also recorded the largest increase of 7.8%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

In the period from 2018 to 2021, Germany, Spain, and Italy were the top suppliers of medicaments with vitamins for retail sale to Portugal in kind. Germany accounted for 59.5% of imports, Spain for 13.5%, and Italy for 10.6%, jointly making up 83.5% of total import volumes.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

Portugal's imports of medicaments with vitamins for retail sale totaled 19 261 K $ US in 2021, reflecting a significant decrease of 16.0% from the previous year. From 2018 to 2021, imports fell by 23.6%, with an annualized rate of 8.6%. The lowest value was in 2019 at 18 928 K $ US, which also saw the largest decline of 24.9%. The largest increase occurred in 2020, rising by 21.1%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

Between 2018 and 2021, Germany, Italy, and the Netherlands were the leading sources for Portugal's imports of medicaments with vitamins for retail sale in value terms. Germany accounted for 31.3% of imports, Italy for 15.4%, and the Netherlands for 12.2%, together comprising 59.0% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021