Bolivia: Vaccine Market 2025

Vaccine Market Size in Bolivia

The Bolivian vaccine market reduced notably to $X in 2022, which is down by -42.5% 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, however, enjoyed significant growth. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Vaccine Exports

Exports from Bolivia

In 2020, the amount of vaccines for human medicine exported from Bolivia stood at X kg, remaining constant against 2019 figures. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 700%. As a result, the exports attained the peak of X kg. From 2017 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, vaccine exports stood at $X in 2020. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 538% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Nicaragua (X kg) was the main destination for vaccine exports from Bolivia, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to Nicaragua was relatively modest.

From 2015 to 2020, the average annual growth rate of value to Nicaragua was relatively modest.

Export Prices by Country

In 2020, the average vaccine export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 a decrease of -20.3% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nicaragua.

From 2015 to 2020, the rate of growth in terms of prices for Costa Rica amounted to 0.0% per year.

Vaccine Imports

Imports into Bolivia

Vaccine imports into Bolivia reduced rapidly to X tons in 2022, waning by -38% on the previous year's figure. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 315% against the previous year. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, vaccine imports declined remarkably to $X in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 728% against the previous year. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest vaccine supplier to Bolivia, with a 43% share of total imports. Moreover, vaccine imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.7% per year) and the United States (+20.6% per year).

In value terms, the largest vaccine suppliers to Bolivia were India ($X), Germany ($X) and France ($X), with a combined 13% share of total imports. The United States, Belgium, the Netherlands and Panama lagged somewhat behind, together accounting for a further 5.9%.

In terms of the main suppliers, Panama, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per ton, falling by -9.7% against the previous year. Overall, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 100%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform