Africa: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Africa

In 2021, the African veterinary medicine vaccines market increased by 0.6% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 9.8% against the previous year. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Veterinary Medicine Vaccines Production in Africa

In value terms, veterinary medicine vaccines production fell to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Veterinary Medicine Vaccines Exports

Exports in Africa

In 2021, exports of vaccines for veterinary medicine in Africa shrank markedly to X tons, which is down by -16.1% compared with the year before. Total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports fell to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 22%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was approx. 82% of total exports in 2021. It was distantly followed by Morocco (X tons), making up a 7.4% share of total exports. The following exporters - Egypt (X tons) and Botswana (X tons) - each accounted for a 4.3% share of total exports.

Exports from South Africa increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, Egypt (+40.8%) and Morocco (+36.6%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +40.8% from 2012-2021. By contrast, Botswana (-6.3%) illustrated a downward trend over the same period. While the share of Morocco (+6.9 p.p.) and Egypt (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Botswana (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest veterinary medicine vaccines supplier in Africa, comprising 55% of total exports. The second position in the ranking was held by Botswana ($X), with a 17% share of total exports. It was followed by Egypt, with a 10% share.

In South Africa, veterinary medicine vaccines exports decreased by an average annual rate of -1.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Botswana (-2.6% per year) and Egypt (+51.6% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the export price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2014 an increase of 22% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Botswana ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Veterinary Medicine Vaccines Imports

Imports in Africa

Veterinary medicine vaccines imports contracted to X tons in 2021, flattening at 2020 figures. Over the period under review, imports recorded a slight contraction. The pace of growth was the most pronounced in 2018 when imports increased by 12%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, veterinary medicine vaccines imports soared to $X in 2021. The total import value increased at an average annual rate of +5.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Egypt (X tons), distantly followed by South Africa (X tons), Botswana (X tons), Zambia (X tons), Namibia (X tons) and Morocco (X tons) represented the largest importers of vaccines for veterinary medicine, together making up 57% of total imports. Zimbabwe (X tons), Algeria (X tons), Cote d'Ivoire (X tons), Tunisia (X tons), Burkina Faso (X tons), Malawi (X tons) and Uganda (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malawi (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported vaccines for veterinary medicine in Africa, comprising 38% of total imports. The second position in the ranking was held by South Africa ($X), with a 14% share of total imports. It was followed by Morocco, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt amounted to +7.9%. In the other countries, the average annual rates were as follows: South Africa (+1.2% per year) and Morocco (+4.8% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, jumping by 21% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, veterinary medicine vaccines import price increased by +44.2% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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