Benelux: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Benelux

The Benelux veterinary medicine vaccines market rose remarkably to $X in 2021, picking up by 7.1% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.1% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Veterinary Medicine Vaccines Production in Benelux

In value terms, veterinary medicine vaccines production surged to $X in 2021 estimated in export price. Overall, production continues to indicate tangible growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 380% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Veterinary Medicine Vaccines Exports

Exports in Benelux

In 2021, exports of vaccines for veterinary medicine in Benelux rose remarkably to X tons, with an increase of 15% on the year before. In general, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2019 when exports increased by 393%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports soared to $X in 2021. Overall, exports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2019 with an increase of 457%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly 99.9% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +5.6%).

In value terms, the Netherlands ($X) remains the largest veterinary medicine vaccines supplier in Benelux, comprising 80% of total exports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total exports.

In the Netherlands, veterinary medicine vaccines exports expanded at an average annual rate of +4.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, increasing by 4.5% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% 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 +69.9% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.0%).

Veterinary Medicine Vaccines Imports

Imports in Benelux

In 2021, purchases abroad of vaccines for veterinary medicine decreased by -2.3% to X tons, falling for the third year in a row after two years of growth. In general, imports recorded a slight curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 149% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, veterinary medicine vaccines imports rose rapidly to $X in 2021. Total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +188.3% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 116%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The Netherlands represented the main importer of vaccines for veterinary medicine in Benelux, with the volume of imports finishing at X tons, which was near 73% of total imports in 2021. It was distantly followed by Belgium (X tons), generating a 26% share of total imports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of vaccines for veterinary medicine. Belgium (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +3.9 percentage points.

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021.

Belgium, with a CAGR of +3.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, picking up by 16% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.9% 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 +62.5% against 2015 indices. The growth pace was the most rapid in 2020 when the import price increased by 29%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.3%).

Source: IndexBox Platform