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World - Vaccines For Human Medicine - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Vaccines For Human Medicine - Market Analysis, Forecast, Size, Trends and Insights

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Oct 21, 2021

Global Vaccine Trade Gains Momentum, Surpassing $42B This Year

IndexBox has just published a new report: 'World - Vaccines For Human Medicine - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Due to widespread Covid vaccination rates, the global trade in vaccines reached $42.5B, the highest level ever. Belgium topped the country rankings by the value of exports this year, followed by Germany and the U.S. Growing global demand stimulates the rapid expansion of Covid vaccine production facilities in the EU.

Key Trends and Insights

Due to widespread Covid vaccination rates, the market for vaccines reached a record high. In the first seven months of 2021, global vaccine exports were valued at $42.5B.

In 2020, global vaccine exports were calculated at $30.5B compared to 30.0B in 2019. In terms of volume, exports grew from 43K tons in 2019 to 95K in 2020.

This year, Belgium topped the country rankings by the value of exports, overtaking the U.S., last year's leader. In the first seven months of 2021, Belgian vaccine exports reached almost $15.4B, which had already significantly surpassed the total from the entire previous year of $11.6B in exports. The gains in exports were primarily possible due to an increase in Covid vaccine production at the Belgian facility of the American company, Pfizer. In 2021, the factory's capacity expanded from 400M to 1.3B doses per year.

Germany soared into second place of the largest exporters in the world. This was made possible because IDT Biologika signed an agreement with the British-Swedish multinational AstraZeneca and American conglomerate Johnson & Johnson to expand vaccine production at its pharmaceutical factories. By the end of the year, the German biotech company BioNTech is expected to significantly increase its Marburg factory' capacity from 700M to 2.5B doses.

The most significant gains in vaccine imports in comparison with the previous year were recorded in Germany (+$3.6B), Japan (+$3.2B) and Spain (+$2.8B). For the first half of 2021, Germany, Belgium and Japan topped the list of largest vaccine importers.

The largest pharmaceutical companies predict further growth in demand for Covid vaccines in 2022. In the first half of 2021, Pfizer earned $11B in revenues from vaccine sales and forecasts that sales for the entire year will reach $33.5B for 3B doses for the whole year. Moderna sold $5.9B worth of Covid vaccines in the first half of the year and expects yearly revenues of $20B for 1M doses. By 2022, Pfizer and Moderna plan to expand production capacity for Covid vaccines to 4B and 8B doses per year, respectively.

Global Vaccine Exports

In 2020, vaccine exports rose by +1.5% y-o-y to $30.5B (IndexBox estimates).

In value terms, Belgium ($11.6B) remains the largest vaccines supplier worldwide, comprising 38% of global exports. The second position in the ranking was occupied by France ($4.4B), with a 14% share of global exports. It was followed by the U.S., with a 5.8% share.

In 2020, Belgium's export value grew by +25.8% y-o-y. France recorded an increase of +3.3% y-o-y, while exports from the U.S. decreased by -12.5%%.

The average vaccines export price stood at $322 per kg in 2020, reducing by -53.7% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Belgium, while France was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced a decline in the export price figures.

World's Largest Importers

In value terms, the most prominent vaccines importing markets worldwide were Belgium ($7.9B), the U.S. ($7.5B) and China ($2.4B), with a combined 57% share of global imports. The UK, Brazil, Italy, Spain, France, Pakistan, Saudi Arabia, Kenya and Malaysia lagged somewhat behind, together accounting for a further 15%.

In 2020, Kenya saw the highest rate of import value growth, while purchases for other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global vaccine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 21202140 -
  • Prodcom 21202145 - Vaccines for human medicine

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Pfizer, Moderna, Johnson & Johnson, AstraZeneca, Merck & Co., GlaxoSmithKline, Sanofi, Chongqing Zhifei Biological Products Co., CureVac N.V., Roche Holding AG, Seqirus, Serum Institute Of India, Sinovac, Sinopharm, Fiocruz, Grupo Insud, The Commonwealth Serum Laboratories, Shionogi & Co., Mitsubishi Tanabe Pharma Corp., IMV Inc., Medicago, Valneva

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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