The Netherlands' export of vitamins in dosage forms has seen fluctuating trends over the last decade. From a low point in 2014, there was significant growth peaking in 2021. However, after a slight dip in 2022, the export volume stood at 3.7767 million kilograms in 2023, showing a moderate increase compared to the previous year.
Over the last two years, the year-on-year variation showed a slight recovery in 2023 with a 3.19% increase following a 6.03% decline in 2022. The compound annual growth rate (CAGR) over the past five years demonstrates a modest average annual growth of 0.97% up to 2023. Notably, future forecasts predict steady growth, with a forecasted 5-year CAGR of 2.09%, culminating in a 10.88% growth rate by 2028.
Future trends to watch include the global demand for health and wellness products and potential regulatory changes impacting the vitamins market, which could influence both production and export dynamics in the Netherlands.