EU: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in the EU

The EU veterinary medicine vaccines market declined slightly to $X in 2021, approximately equating the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Veterinary Medicine Vaccines Production in the EU

In value terms, veterinary medicine vaccines production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Veterinary Medicine Vaccines Exports

Exports in the EU

In 2021, the amount of vaccines for veterinary medicine exported in the European Union rose remarkably to X tons, increasing by 7.7% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, veterinary medicine vaccines exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +111.7% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 52% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Spain (X tons), distantly followed by France (X tons), the Netherlands (X tons), Hungary (X tons), Italy (X tons), Belgium (X tons) and the Czech Republic (X tons) represented the main exporters of vaccines for veterinary medicine, together achieving 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +7.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines supplying countries in the European Union were the Netherlands ($X), France ($X) and Spain ($X), together accounting for 65% of total exports. These countries were followed by Belgium, Hungary, the Czech Republic and Italy, which together accounted for a further 19%.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, with an increase of 7.1% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% 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 +66.4% against 2016 indices. The growth pace was the most rapid in 2019 an increase of 19%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.0%), while the other leaders experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports in the EU

In 2021, the amount of vaccines for veterinary medicine imported in the European Union declined to X tons, with a decrease of -5.1% compared with 2020 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 9.8% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines imports expanded significantly to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +60.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Spain (X tons), France (X tons) and the Netherlands (X tons) was the key importer of vaccines for veterinary medicine in the European Union, achieving 52% of total import. It was distantly followed by Austria (X tons), Germany (X tons) and Belgium (X tons), together committing a 19% share of total imports. The following importers - Poland (X tons), Denmark (X tons), Hungary (X tons), Romania (X tons), Italy (X tons), Lithuania (X tons) and Portugal (X tons) - together made up 21% of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, with a combined 34% share of total imports. Germany, Belgium, Italy, Denmark, Poland, Austria, Romania, Lithuania, Portugal and Hungary lagged somewhat behind, together accounting for a further 55%.

In terms of the main importing countries, Denmark, with a CAGR of +11.1%, saw 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 2021, the import price in the European Union amounted to $X per ton, with an increase of 13% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.6% 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 +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 36%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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