The forecasted data suggests that the import of Vitamin C to Australia will grow steadily from 2024 to 2028, reaching 3.4371 million kilograms by the end of this period. In 2023, the actual volume stood at 3.1625 million kilograms. Year-on-year, this represents a gradual increase, with a 1.75% rise expected in 2024, 1.75% in 2025, 1.69% in 2026, 1.62% in 2027, and 1.57% in 2028. Over the last two years, there has been a consistent year-on-year growth of around 1.75%. The compound annual growth rate (CAGR) over the five-year period is approximately 1.69%, indicating a stable upward trend in imports.
Future trends to watch for include potential changes in global Vitamin C production and supply chain dynamics, which could impact pricing and import volumes. Additionally, increased health awareness and demand for nutritional supplements in Australia may further drive the import volumes of Vitamin C.
