Kuwait: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Kuwait

In 2021, the Kuwaiti veterinary medicine vaccines market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Veterinary medicine vaccines consumption peaked in 2021 and is expected to retain growth in the near future.

Veterinary Medicine Vaccines Exports

Exports from Kuwait

Veterinary medicine vaccines exports from Kuwait amounted to X tons in 2021, growing by 14% on the year before. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of 429% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, veterinary medicine vaccines exports expanded notably to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 283% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Qatar (X tons) was the main destination for veterinary medicine vaccines exports from Kuwait, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled +133.6%.

In value terms, Qatar ($X) remains the key foreign market for vaccines for veterinary medicine exports from Kuwait, comprising 91% of total exports. The second position in the ranking was held by Bahrain ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Qatar totaled +163.7%.

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2021, waning by -8% against the previous year. In general, the export price faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 2.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+33.5%), while the prices for the other major destinations experienced a decline.

Veterinary Medicine Vaccines Imports

Imports into Kuwait

In 2021, veterinary medicine vaccines imports into Kuwait soared to X tons, rising by 33% against the previous year's figure. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 +72.5% against 2017 indices. As a result, imports reached 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 buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 64%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

The United Arab Emirates (X tons), Cyprus (X tons) and Italy (X tons) were the main suppliers of veterinary medicine vaccines imports to Kuwait, with a combined 39% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +64.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines suppliers to Kuwait were Cyprus ($X), the United Arab Emirates ($X) and the Netherlands ($X), together comprising 56% of total imports. These countries were followed by Italy, France, Jordan, Mexico, Spain, Hungary, Russia, India, Argentina and Ukraine, which together accounted for a further 19%.

In terms of the main suppliers, Italy, with a CAGR of +54.9%, recorded 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

The average veterinary medicine vaccines import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price showed a mild downturn. The pace of growth was the most pronounced in 2015 an increase of 24%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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