Kuwait: Vaccine Market 2025

Vaccine Market Size in Kuwait

After two years of growth, the Kuwaiti vaccine market decreased by -40.8% to $X in 2022. Overall, consumption, however, saw significant growth. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Vaccine Exports

Exports from Kuwait

In 2022, after three years of growth, there was significant decline in shipments abroad of vaccines for human medicine, when their volume decreased by -41% to X kg. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 320%. The exports peaked at X kg in 2021, and then fell significantly in the following year.

In value terms, vaccine exports plummeted to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 284% against the previous year. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Qatar (X kg) was the main destination for vaccine exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +81.1%.

In value terms, Qatar ($X) also remains the key foreign market for vaccines for human medicine exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +64.9%.

Export Prices by Country

The average vaccine export price stood at $X per ton in 2022, with an increase of 10% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vaccine export price increased by +21.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 51% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to -9.0% per year.

Vaccine Imports

Imports into Kuwait

In 2022, after two years of growth, there was significant decline in supplies from abroad of vaccines for human medicine, when their volume decreased by -37% to X tons. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 245%. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, vaccine imports dropped dramatically to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 584% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of vaccine to Kuwait, accounting for a 49% share of total imports. Moreover, vaccine imports from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+108.8% per year) and the United Arab Emirates (+135.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of vaccines for human medicine to Kuwait, comprising 40% of total imports. The second position in the ranking was held by the United States ($X), with a 10% share of total imports. It was followed by Ireland, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+102.0% per year) and Ireland (+48.3% per year).

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per ton, dropping by -9% against the previous year. Overall, the import price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 98%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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