CIS: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in CIS

The CIS veterinary medicine vaccines market declined slightly to $X in 2021, shrinking by -3.9% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped modestly in the following year.

Veterinary Medicine Vaccines Production in CIS

In value terms, veterinary medicine vaccines production declined to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Veterinary Medicine Vaccines Exports

Exports in CIS

In 2021, after two years of decline, there was significant growth in shipments abroad of vaccines for veterinary medicine, when their volume increased by 15% to X tons. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 50%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports declined to $X in 2021. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 45% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, reaching X tons, which was approx. 92% of total exports in 2021. The following exporters - Kazakhstan (X tons), Belarus (X tons) and Armenia (X tons) - together made up 8% of total exports.

Exports from Russia increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Armenia (+38.3%), Kazakhstan (+22.2%) and Belarus (+3.2%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +38.3% from 2012-2021. From 2012 to 2021, the share of Armenia and Kazakhstan increased by +2.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest veterinary medicine vaccines supplier in the CIS, comprising 73% of total exports. The second position in the ranking was taken by Belarus ($X), with an 11% share of total exports. It was followed by Armenia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +7.8%. In the other countries, the average annual rates were as follows: Belarus (+7.8% per year) and Armenia (+47.1% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, which is down by -19.7% against the previous year. Overall, the export price recorded a slight shrinkage. The pace of growth was the most pronounced in 2020 when the export price increased by 15%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+6.3%), while the other leaders experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports in CIS

Veterinary medicine vaccines imports expanded notably to X tons in 2021, picking up by 12% compared with the previous year's figure. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 101%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, veterinary medicine vaccines imports amounted to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 114% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Russia was the largest importer of vaccines for veterinary medicine in the CIS, with the volume of imports amounting to X tons, which was approx. 48% of total imports in 2021. Belarus (X tons) ranks second in terms of the total imports with a 21% share, followed by Kazakhstan (14%) and Uzbekistan (9.2%). The following importers - Azerbaijan (X tons) and Armenia (X tons) - together made up 4.8% of total imports.

Imports into Russia increased at an average annual rate of +14.9% from 2012 to 2021. At the same time, Belarus (+31.2%), Kazakhstan (+17.3%), Uzbekistan (+13.3%) and Armenia (+6.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +31.2% from 2012-2021. By contrast, Azerbaijan (-2.2%) illustrated a downward trend over the same period. Belarus (+14 p.p.) and Uzbekistan (+9.2 p.p.) significantly strengthened its position in terms of the total imports, while Armenia, Russia and Azerbaijan saw its share reduced by -1.9%, -5.2% and -11.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported vaccines for veterinary medicine in the CIS, comprising 62% of total imports. The second position in the ranking was held by Belarus ($X), with a 15% share of total imports. It was followed by Kazakhstan, with an 11% share.

In Russia, veterinary medicine vaccines imports increased at an average annual rate of +13.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+17.6% per year) and Kazakhstan (+16.6% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, declining by -3.3% against the previous year. Over the period under review, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+16.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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