France: Vaccine Market 2024

Vaccine Market Size in France

The French vaccine market declined sharply to $X in 2022, waning by -34.8% against the previous year. In general, consumption, however, continues to indicate buoyant growth. Vaccine consumption peaked at $X in 2021, and then fell notably in the following year.

Vaccine Production in France

In value terms, vaccine production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 1.3%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Vaccine Exports

Exports from France

In 2022, approx. X tons of vaccines for human medicine were exported from France; declining by -1.9% against the previous year's figure. In general, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 98% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, vaccine exports shrank to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for vaccine exports from France, with a 55% share of total exports. Moreover, vaccine exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+31.8% per year) and Spain (+10.3% per year).

In value terms, Belgium ($X) remains the key foreign market for vaccines for human medicine exports from France, comprising 42% of total exports. The second position in the ranking was held by Mexico ($X), with a 3.1% share of total exports. It was followed by Italy, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.9% per year) and Italy (+14.5% per year).

Export Prices by Country

The average vaccine export price stood at $X per ton in 2022, falling by -7.6% against the previous year. In general, the export price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+10.2%), while the prices for the other major destinations experienced a decline.

Vaccine Imports

Imports into France

In 2022, vaccine imports into France contracted markedly to X tons, reducing by -45.1% against 2021. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 765%. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, vaccine imports declined markedly to $X in 2022. Overall, imports, however, enjoyed temperate growth. The growth pace was the most rapid in 2021 when imports increased by 469% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest vaccine supplier to France, with a 65% share of total imports. Moreover, vaccine imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from Switzerland amounted to +57.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.1% per year) and Belgium (-15.2% per year).

In value terms, Germany ($X), Switzerland ($X) and Belgium ($X) constituted the largest vaccine suppliers to France, together accounting for 89% of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +49.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vaccine import price stood at $X per ton in 2022, surging by 7.2% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. The import price peaked at $X per ton in 2014; however, from 2015 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 Belgium ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+66.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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