The import of provitamins and vitamins to Australia stood at 130 million USD in 2023. For the forecast period from 2024 to 2028, a consistent upward trend is observed. The year-on-year percentage variation shows a steady increase, with 2.91% in 2024, 2.90% in 2025, 2.75% in 2026, 2.64% in 2027, and 2.50% in 2028. Over the last two years, the imports grew by 2.89%, while the compound annual growth rate (CAGR) over the last five years (2024-2028) averages around 2.74% annually.
Future trends to watch for include potential shifts in the global supply chain dynamics, changes in regulatory standards for vitamins and supplements, and shifts in consumer health trends in Australia. With continuous growth, any significant changes in these factors could impact the import volume and value accordingly.
