Argentina: Vaccine Market 2025

Vaccine Market Size in Argentina

After two years of growth, the Argentinian vaccine market decreased by -45.4% to $X in 2022. Overall, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Vaccine Exports

Exports from Argentina

Vaccine exports from Argentina surged to X tons in 2022, increasing by 371% compared with 2021 figures. Over the period under review, exports, however, saw a abrupt curtailment. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vaccine exports surged to $X in 2022. In general, exports, however, showed a abrupt shrinkage. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons) and Bolivia (X tons) were the main destinations of vaccine exports from Argentina.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +4.1%).

In value terms, the largest markets for vaccine exported from Argentina were Paraguay ($X) and Bolivia ($X).

Bolivia, with a CAGR of +6.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average vaccine export price stood at $X per ton in 2022, falling by -32.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 160%. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Paraguay amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+2.7%), while the prices for the other major destinations experienced a decline.

Vaccine Imports

Imports into Argentina

In 2022, after two years of growth, there was significant decline in overseas purchases of vaccines for human medicine, when their volume decreased by -63% to X tons. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 218%. As a result, imports reached the peak of X tons, and then declined significantly in the following year.

In value terms, vaccine imports shrank significantly to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 326% against the previous year. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

The United States (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of vaccine imports to Argentina, together comprising 66% of total imports. Italy, France, Canada and India lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of vaccines for human medicine to Argentina, comprising 55% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+26.8% per year) and Italy (+7.7% per year).

Import Prices by Country

The average vaccine import price stood at $X per kg in 2022, with an increase of 68% against the previous year. Overall, the import price recorded a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per kg), while the price for India ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+100.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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