Greece: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in Greece

In 2021, the Greek veterinary medicine vaccines market increased by 24% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.2% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Veterinary Medicine Vaccines Exports

Exports from Greece

In 2021, exports of vaccines for veterinary medicine from Greece shrank sharply to X tons, with a decrease of -23.1% compared with 2020 figures. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 103%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, veterinary medicine vaccines exports dropped to $X in 2021. Overall, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 195%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Cyprus (X tons) was the main destination for veterinary medicine vaccines exports from Greece, with a 87% share of total exports. Moreover, veterinary medicine vaccines exports to Cyprus exceeded the volume sent to the second major destination, Qatar (X kg), more than tenfold. The third position in this ranking was held by Saudi Arabia (X kg), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-24.8% per year) and Saudi Arabia (0.0% per year).

In value terms, Cyprus ($X) remains the key foreign market for vaccines for veterinary medicine exports from Greece, comprising 57% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 18% share of total exports. It was followed by Qatar, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Qatar (-15.0% per year).

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 76%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Veterinary Medicine Vaccines Imports

Imports into Greece

In 2021, after three years of decline, there was significant growth in overseas purchases of vaccines for veterinary medicine, when their volume increased by 5.2% to X tons. Over the period under review, imports, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 81%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, veterinary medicine vaccines imports soared to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest veterinary medicine vaccines supplier to Greece, with a 45% share of total imports. Moreover, veterinary medicine vaccines imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.9% per year) and the Netherlands (-7.1% per year).

In value terms, the largest veterinary medicine vaccines suppliers to Greece were Spain ($X), the Netherlands ($X) and France ($X), with a combined 75% share of total imports.

Spain, with a CAGR of +24.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average veterinary medicine vaccines import price stood at $X per ton in 2021, surging by 17% against the previous year. In general, the import price enjoyed a strong increase. The growth pace was the most rapid in 2020 an increase of 37%. The import price 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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :