Indonesia: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in Indonesia

After two years of growth, the Indonesian veterinary medicine vaccines market decreased by -19% to $X in 2021. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.4% against 2014 indices. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Veterinary Medicine Vaccines Production in Indonesia

In value terms, veterinary medicine vaccines production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.1% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Veterinary Medicine Vaccines Exports

Exports from Indonesia

In 2021, approx. X tons of vaccines for veterinary medicine were exported from Indonesia; approximately reflecting 2020. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 31%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports amounted to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 30% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), Pakistan (X tons) and Vietnam (X tons) were the main destinations of veterinary medicine vaccines exports from Indonesia, with a combined 55% share of total exports. India, the Philippines, Cambodia, Ethiopia, Malaysia and Nigeria lagged somewhat behind, together accounting 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 India (with a CAGR of +105.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for veterinary medicine vaccines exported from Indonesia were China ($X), India ($X) and Vietnam ($X), together comprising 69% of total exports.

In terms of the main countries of destination, India, with a CAGR of +102.8%, 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 average veterinary medicine vaccines export price amounted to $X per ton, picking up by 11% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, veterinary medicine vaccines export price increased by +43.7% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to the Philippines ($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 China (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Indonesia

In 2021, approx. X tons of vaccines for veterinary medicine were imported into Indonesia; waning by -30.7% compared with the year before. Overall, imports saw a slight decline. The most prominent rate of growth was recorded in 2013 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, veterinary medicine vaccines imports expanded markedly to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value 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, imports increased by +43.3% against 2013 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

France (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of veterinary medicine vaccines imports to Indonesia, with a combined 73% share of total imports. These countries were followed by Thailand, Italy, Brazil, Mexico and Spain, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and the United States ($X) constituted the largest veterinary medicine vaccines suppliers to Indonesia, with a combined 84% share of total imports. Italy, Brazil, Spain, Mexico and Thailand lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, Thailand, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average veterinary medicine vaccines import price amounted to $X per ton, rising by 55% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, veterinary medicine vaccines import price increased by +114.9% against 2013 indices. 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 United States ($X per ton), while the price for Thailand ($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 (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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