Europe: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Europe

The Europe veterinary medicine vaccines market stood at $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Veterinary Medicine Vaccines Production in Europe

In value terms, veterinary medicine vaccines production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 20%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Veterinary Medicine Vaccines Exports

Exports in Europe

Veterinary medicine vaccines exports expanded significantly to X tons in 2021, with an increase of 8.3% compared with the previous year. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 22%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports surged to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +100.1% against 2016 indices. The growth pace was the most rapid in 2019 when exports increased by 43% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

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), Russia (X tons) and the Czech Republic (X tons) represented the largest exporters of vaccines for veterinary medicine, together achieving 82% of total exports. The following exporters - Norway (X tons) and the UK (X tons) - each reached a 7.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +11.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines supplying countries in Europe were the Netherlands ($X), France ($X) and Spain ($X), with a combined 60% share of total exports. Belgium, Hungary, the UK, the Czech Republic, Italy, Norway and Russia lagged somewhat behind, together comprising a further 25%.

Among the main exporting countries, the Czech Republic, with a CAGR of +11.3%, saw the highest rates of growth with regard to 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

In 2021, the export price in Europe amounted to $X per ton, growing by 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2020 an increase of 18%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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 Europe

In 2021, veterinary medicine vaccines imports in Europe contracted to X tons, which is down by -2.1% on the previous year's figure. Overall, imports, however, recorded modest growth. The most prominent rate of growth was recorded in 2013 when imports increased by 13%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, veterinary medicine vaccines imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +5.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 27%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Spain (X tons), France (X tons) and the Netherlands (X tons) represented roughly 42% of total imports in 2021. Russia (X tons) took the next position in the ranking, followed by Austria (X tons), Germany (X tons) and Belgium (X tons). All these countries together took near 23% share of total imports. The following importers - Belarus (X tons), Poland (X tons), Denmark (X tons), Hungary (X tons), Norway (X tons) and Romania (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus (with a CAGR of +31.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines importing markets in Europe were Russia ($X), Spain ($X) and the Netherlands ($X), with a combined 28% share of total imports. France, Germany, Belgium, Denmark, Poland, Austria, Norway, Belarus, Romania and Hungary lagged somewhat behind, together accounting for a further 47%.

Belarus, with a CAGR of +17.6%, 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, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, increasing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2020 when the import price increased by 22%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform