Italy: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in Italy

In 2021, the Italian veterinary medicine vaccines market decreased by -20.7% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Veterinary medicine vaccines consumption peaked at $X in 2020, and then declined dramatically in the following year.

Veterinary Medicine Vaccines Production in Italy

In value terms, veterinary medicine vaccines production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 28%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Veterinary Medicine Vaccines Exports

Exports from Italy

In 2021, the amount of vaccines for veterinary medicine exported from Italy surged to X tons, increasing by 28% on the previous year. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports surged to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for veterinary medicine vaccines exports from Italy, with a 28% share of total exports. Moreover, veterinary medicine vaccines exports to France exceeded the volume sent to the second major destination, Iran (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+19.0% per year) and Thailand (+1.3% per year).

In value terms, France ($X) remains the key foreign market for vaccines for veterinary medicine exports from Italy, comprising 25% of total exports. The second position in the ranking was held by Iran ($X), with an 11% share of total exports. It was followed by Thailand, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+23.4% per year) and Thailand (+4.7% per year).

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2021, waning by -2.1% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price 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, veterinary medicine vaccines export price decreased by -8.0% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Colombia ($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 Malaysia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Italy

In 2021, approx. X tons of vaccines for veterinary medicine were imported into Italy; growing by 8.2% compared with the year before. Overall, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 53%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, veterinary medicine vaccines imports skyrocketed to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +102.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 65% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of veterinary medicine vaccines imports to Italy, with a combined 70% share of total imports. These countries were followed by the United States, France, Germany and the Czech Republic, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +45.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of vaccines for veterinary medicine to Italy, comprising 63% of total imports. The second position in the ranking was taken by Spain ($X), with a 12% share of total imports. It was followed by France, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+17.2% per year) and France (-8.7% per year).

Import Prices by Country

The average veterinary medicine vaccines import price stood at $X per ton in 2021, surging by 14% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 46%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for the Czech Republic ($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 Netherlands (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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