India: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in India

The Indian veterinary medicine vaccines market amounted to $X in 2021, surging by 2.3% against the previous year. Over the period under review, the total consumption indicated a notable expansion 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, consumption increased by +53.2% against 2012 indices. Veterinary medicine vaccines consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Veterinary Medicine Vaccines Production in India

In value terms, veterinary medicine vaccines production reached $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value 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, production decreased by -0.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Veterinary Medicine Vaccines Exports

Exports from India

In 2021, overseas shipments of vaccines for veterinary medicine increased by 39% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, veterinary medicine vaccines exports stood at $X in 2021. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 79% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), Nepal (X tons) and Nigeria (X tons) were the main destinations of veterinary medicine vaccines exports from India, together accounting for 54% of total exports. These countries were followed by Iran, Tanzania, Kenya, Zambia, Uganda, Egypt, Sri Lanka, Ghana, Turkey and Mongolia, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +85.9%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Nepal ($X) and Kenya ($X) constituted the largest markets for veterinary medicine vaccines exported from India worldwide, with a combined 34% share of total exports. Sri Lanka, Tanzania, Iran, Zambia, Mongolia, Myanmar, Egypt, Uganda, Turkey and Ghana lagged somewhat behind, together accounting for a further 43%.

Tanzania, with a CAGR of +70.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2021, waning by -22.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 51% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Mongolia ($X per ton), while the average price for exports to Myanmar ($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 Mongolia (+48.5%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into India

Veterinary medicine vaccines imports into India soared to X tons in 2021, rising by 108% on 2020. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, veterinary medicine vaccines imports skyrocketed to $X in 2021. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2019 when imports increased by 54%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Israel (X tons), Belgium (X tons) and Indonesia (X tons) were the main suppliers of veterinary medicine vaccines imports to India, together comprising 60% of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +5,041.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines suppliers to India were the United States ($X), Israel ($X) and Belgium ($X), with a combined 63% share of total imports. The Netherlands, Indonesia, France, Brazil, Mexico and Italy lagged somewhat behind, together comprising a further 33%.

Indonesia, with a CAGR of +2,537.4%, saw the highest rates of growth with regard to 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, with a decrease of -28.3% against the previous year. In general, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Mexico ($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 (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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