Report Update Nov 1, 2024

Dominican Republic - Vaccines for Human Medicine - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Vaccine Market 2024

Vaccine Market Size in the Dominican Republic

The Dominican vaccine market reduced dramatically to $X in 2022, falling by -47.2% 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). Over the period under review, consumption, however, showed a significant expansion. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Vaccine Exports

Exports from the Dominican Republic

In 2022, vaccine exports from the Dominican Republic skyrocketed to X tons, with an increase of 143% against the year before. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,531%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, vaccine exports reduced dramatically to $X in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 682%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for vaccine exports from the Dominican Republic, with a 100% share of total exports. It was followed by Guatemala (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +78.1%.

In value terms, the United States ($X) emerged as the key foreign market for vaccines for human medicine exports from the Dominican Republic, comprising 100% of total exports. The second position in the ranking was held by Guatemala ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +70.6%.

Export Prices by Country

In 2022, the average vaccine export price amounted to $X per ton, shrinking by -68% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 113%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vaccine Imports

Imports into the Dominican Republic

In 2022, overseas purchases of vaccines for human medicine decreased by -46.6% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 1,579%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, vaccine imports contracted remarkably to $X in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,962% against the previous year. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of vaccine to the Dominican Republic, with a 94% share of total imports. It was followed by the United States (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +152.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.1% per year) and Belgium (+4.2% per year).

In value terms, China ($X) constituted the largest supplier of vaccines for human medicine to the Dominican Republic, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +154.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+38.7% per year) and Belgium (+9.6% per year).

Import Prices by Country

The average vaccine import price stood at $X per ton in 2022, declining by -1.8% against the previous year. Over the period under review, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 58%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vaccines for human medicine in the world?

The countries with the highest volumes of in 2021 were Pakistan, Japan and the Philippines, with a combined 32% share of global consumption. These countries were followed by the United States, Indonesia, Spain, China, France, Greece, Brazil, the Netherlands, Turkey and the UK, which together accounted for a further 35%.

What are the largest producers of vaccines for human medicine in the world?

The countries with the highest volumes of in 2021 were the United States, Belgium and France, together comprising 56% of global production. Germany, China, Japan and India lagged somewhat behind, together accounting for a further 32%.

What are the leading suppliers of vaccines for human medicine to the Dominican Republic?

In value terms, the United States constituted the largest supplier of vaccines to the Dominican Republic, comprising 86% of total imports. The second position in the ranking was occupied by Belgium, with a 4.4% share of total imports. It was followed by India, with a 4% share.

What are the leading importers of vaccines for human medicine from the Dominican Republic?

In value terms, Haiti remains the key foreign market for vaccines exports from the Dominican Republic.

What is the average export price for vaccines for human medicine in the Dominican Republic?

In 2021, the average vaccines export price amounted to $9,473 per ton, which is down by -30.2% against the previous year.

What is the average import price for vaccines for human medicine in the Dominican Republic?

The average vaccines import price stood at $492,781 per ton in 2021, growing by 83% against the previous year.

This report provides an in-depth analysis of the vaccine market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202140 -
Prodcom 21202145 - Vaccines for human medicine

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023