Argentina: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in Argentina

In 2021, the Argentinian veterinary medicine vaccines market increased by 0.9% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption showed a relatively flat trend pattern. Veterinary medicine vaccines consumption peaked in 2021 and is likely to continue growth in the immediate term.

Veterinary Medicine Vaccines Production in Argentina

In value terms, veterinary medicine vaccines production declined to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Veterinary Medicine Vaccines Exports

Exports from Argentina

For the fourth year in a row, Argentina recorded decline in overseas shipments of vaccines for veterinary medicine, which decreased by -44% to X tons in 2021. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports shrank remarkably to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 20%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Uruguay (X tons), Colombia (X tons) and Paraguay (X tons) were the main destinations of veterinary medicine vaccines exports from Argentina, together accounting for 68% of total exports. Bolivia, the United Arab Emirates and Brazil lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +24.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for veterinary medicine vaccines exported from Argentina were Uruguay ($X), Paraguay ($X) and Bolivia ($X), with a combined 84% share of total exports. These countries were followed by Colombia, Brazil and the United Arab Emirates, which together accounted for a further 16%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +9.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average veterinary medicine vaccines export price amounted to $X per ton, which is down by -5.8% against the previous year. Over the period under review, the export price, however, saw a mild expansion. The pace of growth appeared the most rapid in 2015 an increase of 12%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Bolivia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Argentina

After two years of decline, overseas purchases of vaccines for veterinary medicine increased by 21% to X tons in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines imports soared to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest veterinary medicine vaccines supplier to Argentina, with a 56% share of total imports. Moreover, veterinary medicine vaccines imports from the United States exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+21.8% per year) and the Netherlands (-2.2% per year).

In value terms, the United States ($X) constituted the largest supplier of vaccines for veterinary medicine to Argentina, comprising 47% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports. It was followed by Hungary, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.5% per year) and Hungary (+13.8% per year).

Import Prices by Country

The average veterinary medicine vaccines import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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