Iran: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Iran

The Iranian veterinary medicine vaccines market was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Veterinary Medicine Vaccines Exports

Exports from Iran

In 2021, after two years of growth, there was significant decline in overseas shipments of vaccines for veterinary medicine, when their volume decreased by -88.6% to X kg. Over the period under review, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 4,348%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, veterinary medicine vaccines exports contracted remarkably to $X in 2021. In general, exports faced a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 4,348% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Zambia (X kg) was the main destination for veterinary medicine vaccines exports from Iran, accounting for a 95% share of total exports. Moreover, veterinary medicine vaccines exports to Zambia exceeded the volume sent to the second major destination, Tajikistan (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Zambia was relatively modest.

In value terms, Tajikistan ($X) emerged as the key foreign market for vaccines for veterinary medicine exports from Iran, comprising 82% of total exports. The second position in the ranking was taken by Zambia ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Tajikistan stood at -30.9%.

Export Prices by Country

In 2021, the average veterinary medicine vaccines export price amounted to $X per ton, with a decrease of -2.3% against the previous year. Over the period under review, the export price, however, saw a measured increase. The most prominent rate of growth was recorded in 2018 an increase of 355%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Zambia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+287.4%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Iran

In 2021, overseas purchases of vaccines for veterinary medicine increased by 104% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a resilient increase from 2012 to 2021: its volume 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. 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. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of veterinary medicine vaccines to Iran, accounting for a 25% share of total imports. Moreover, veterinary medicine vaccines imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+71.4% per year) and France (-17.6% per year).

In value terms, Italy ($X), France ($X) and the UK ($X) were the largest veterinary medicine vaccines suppliers to Iran, with a combined 35% share of total imports.

The UK, with a CAGR of +44.9%, saw the highest growth rate of the value of imports, among 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, which is down by -16.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 an increase of 18%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average 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 UK ($X per ton), while the price for Turkey ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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