Australia and Oceania: Vaccine Market 2024

Vaccine Market Size in Australia and Oceania

The vaccine market in Australia and Oceania declined markedly to $X in 2022, dropping by -31.9% against the previous year. Overall, consumption, however, enjoyed a remarkable increase. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Vaccine Production in Australia and Oceania

In value terms, vaccine production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 791% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Vaccine Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of vaccines for human medicine decreased by -20.7% to X tons in 2022. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, vaccine exports contracted dramatically to $X in 2022. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was near 86% of total exports in 2022. Fiji (X tons) ranks second in terms of the total exports with an 8% share, followed by New Zealand (5.9%).

From 2012 to 2022, average annual rates of growth with regard to vaccine exports from Australia stood at -7.0%. At the same time, Fiji (+41.6%) and New Zealand (+7.5%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +41.6% from 2012-2022. While the share of Fiji (+7.9 p.p.) and New Zealand (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-12.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest vaccine supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at -5.7%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+16.8% per year) and Fiji (+50.5% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, rising by 2.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 32% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.6%), while the other leaders experienced more modest paces of growth.

Vaccine Imports

Imports in Australia and Oceania

In 2022, imports of vaccines for human medicine in Australia and Oceania dropped remarkably to X tons, with a decrease of -44.9% against the previous year. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 254%. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, vaccine imports dropped markedly to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 837% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, Australia (X tons) was the major importer of vaccines for human medicine, constituting 78% of total imports. It was distantly followed by New Zealand (X tons), comprising a 12% share of total imports. Papua New Guinea (X tons), Fiji (X tons) and New Caledonia (X tons) held a little share of total imports.

Imports into Australia increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Fiji (+13.1%), New Caledonia (+10.8%), Papua New Guinea (+7.5%) and New Zealand (+7.5%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +13.1% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported vaccines for human medicine in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports. It was followed by Papua New Guinea, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +16.9%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+26.5% per year) and Papua New Guinea (+27.2% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per kg, approximately reflecting the previous year. Over the period under review, the import price recorded a strong increase. The pace of growth was the most pronounced in 2021 an increase of 164%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per kg), while New Caledonia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+18.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :