Kenya: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Kenya

In 2021, the Kenyan veterinary medicine vaccines market increased by 15% to $X for the first time since 2014, thus ending a six-year declining trend. Overall, consumption, however, showed a noticeable decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Veterinary Medicine Vaccines Production in Kenya

In value terms, veterinary medicine vaccines production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Veterinary medicine vaccines production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Veterinary Medicine Vaccines Exports

Exports from Kenya

After two years of decline, shipments abroad of vaccines for veterinary medicine increased by 11% to X tons in 2021. In general, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2015 when exports increased by 241%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports expanded slightly to $X in 2021. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 232%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X tons) was the main destination for veterinary medicine vaccines exports from Kenya, accounting for a 29% share of total exports. Moreover, veterinary medicine vaccines exports to Sudan exceeded the volume sent to the second major destination, Uganda (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan amounted to +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-31.6% per year) and the United Arab Emirates (+43.5% per year).

In value terms, the United Arab Emirates ($X), Uganda ($X) and Sudan ($X) appeared to be the largest markets for veterinary medicine vaccines exported from Kenya worldwide, together comprising 75% of total exports. These countries were followed by Mali, Zambia, Qatar, Democratic Republic of the Congo, South Sudan, Djibouti, Madagascar, Malawi and Rwanda, which together accounted for a further 22%.

Mali, with a CAGR of +60.9%, recorded the highest growth rate of the value of exports, in terms of 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, falling by -7.6% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 339%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably country of destination: the country with the highest price was Mali ($X per ton), while the average price for exports to Malawi ($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 Mali (+28.3%), while the prices for the other major destinations experienced mixed trend patterns.

Veterinary Medicine Vaccines Imports

Imports into Kenya

Veterinary medicine vaccines imports into Kenya shrank modestly to X tons in 2021, approximately mirroring the previous year's figure. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 630%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, veterinary medicine vaccines imports shrank modestly to $X in 2021. Over the period under review, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2014 when imports increased by 295%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of veterinary medicine vaccines to Kenya, accounting for a 35% share of total imports. Moreover, veterinary medicine vaccines imports from India exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+12.3% per year) and the United States (+63.1% per year).

In value terms, India ($X), the United States ($X) and South Africa ($X) were the largest veterinary medicine vaccines suppliers to Kenya, together accounting for 34% of total imports. These countries were followed by the Netherlands, Hungary, Jordan, Israel, Spain, Indonesia, Argentina, the UK and China, which together accounted for a further 28%.

In terms of the main suppliers, Hungary, with a CAGR of +85.7%, recorded the highest growth rate of 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, with a decrease of -4.1% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.8% 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 import price increased by +5.5% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 81% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then reduced slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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