Belarus: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Belarus

The Belarusian veterinary medicine vaccines market surged to $X in 2021, growing by 100% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a significant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Veterinary Medicine Vaccines Exports

Exports from Belarus

In 2021, veterinary medicine vaccines exports from Belarus contracted rapidly to X tons, with a decrease of -50.8% on the year before. Overall, exports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2018 with an increase of 358%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports declined remarkably to $X in 2021. In general, exports, however, posted strong growth. The growth pace was the most rapid in 2018 when exports increased by 193% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Uzbekistan (X tons), Russia (X tons) and Turkey (X tons) were the main destinations of veterinary medicine vaccines exports from Belarus, together accounting for 89% of total exports. These countries were followed by Kazakhstan and Moldova, which together accounted for a further 6%.

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Uzbekistan ($X) and Kazakhstan ($X) constituted the largest markets for veterinary medicine vaccines exported from Belarus worldwide, with a combined 79% share of total exports.

Kazakhstan, with a CAGR of +29.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2021, picking up by 39% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% 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 export price increased by +122.6% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkey ($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 Uzbekistan (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Belarus

In 2021, the amount of vaccines for veterinary medicine imported into Belarus surged to X tons, jumping by 75% against the previous year. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 284%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, veterinary medicine vaccines imports surged to $X in 2021. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 128% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest veterinary medicine vaccines supplier to Belarus, with a 48% share of total imports. Moreover, veterinary medicine vaccines imports from Russia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Austria (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.5% per year) and Austria (+51.6% per year).

In value terms, the largest veterinary medicine vaccines suppliers to Belarus were Russia ($X), the Netherlands ($X) and the United States ($X), with a combined 62% share of total imports. Austria, Spain, Italy, Kazakhstan and Lithuania lagged somewhat behind, together accounting for a further 18%.

Kazakhstan, with a CAGR of +122.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average veterinary medicine vaccines import price stood at $X per ton in 2021, waning by -10.2% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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