Ghana: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in Ghana

In 2021, the Ghanian veterinary medicine vaccines market increased by 184% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Veterinary Medicine Vaccines Exports

Exports from Ghana

In 2021, shipments abroad of vaccines for veterinary medicine increased by 38% to X kg, rising for the fourth consecutive year after two years of decline. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,525% against the previous year. Over the period under review, the exports hit record highs at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports soared to $X in 2021. Overall, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by 6,021%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Zambia (X kg) was the main destination for veterinary medicine vaccines exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zambia amounted to +20.9%.

In value terms, Zambia ($X) also remains the key foreign market for vaccines for veterinary medicine exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Zambia amounted to +28.8%.

Export Prices by Country

In 2021, the average veterinary medicine vaccines export price amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, the export price posted a resilient expansion. The growth pace was the most rapid in 2014 an increase of 272% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Zambia.

From 2012 to 2021, the rate of growth in terms of prices for Zimbabwe amounted to +234.8% per year.

Veterinary Medicine Vaccines Imports

Imports into Ghana

In 2021, purchases abroad of vaccines for veterinary medicine increased by 92% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 156% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, veterinary medicine vaccines imports skyrocketed to $X in 2021. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), France (X tons) and Saudi Arabia (X tons) were the main suppliers of veterinary medicine vaccines imports to Ghana, with a combined 43% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +88.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of vaccines for veterinary medicine to Ghana, comprising 30% of total imports. The second position in the ranking was taken by Israel ($X), with an 8.3% share of total imports. It was followed by South Africa, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+42.5% per year) and South Africa (+6.2% per year).

Import Prices by Country

In 2021, the average veterinary medicine vaccines import price amounted to $X per ton, with an increase of 93% against the previous year. Overall, the import price showed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for China ($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 UK (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :