MENA: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in MENA

The MENA's veterinary medicine vaccines market skyrocketed to $X in 2021, surging by 19% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Veterinary Medicine Vaccines Production in MENA

In value terms, veterinary medicine vaccines production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Veterinary Medicine Vaccines Exports

Exports in MENA

Veterinary medicine vaccines exports reached X tons in 2021, leveling off at 2020 figures. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 39%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, veterinary medicine vaccines exports expanded slightly to $X in 2021. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by 68% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Jordan (X tons), distantly followed by Israel (X tons), Saudi Arabia (X tons), Morocco (X tons), Turkey (X tons) and the United Arab Emirates (X tons) represented the major exporters of vaccines for veterinary medicine, together comprising 96% of total exports. Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Egypt (with a CAGR of +40.8%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest veterinary medicine vaccines supplier in MENA, comprising 59% of total exports. The second position in the ranking was held by Jordan ($X), with a 14% share of total exports. It was followed by Turkey, with a 6.2% share.

In Israel, veterinary medicine vaccines exports expanded at an average annual rate of +10.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Jordan (+3.5% per year) and Turkey (+23.0% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, growing by 2.2% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, veterinary medicine vaccines export price increased by +44.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 21% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+7.6%), while the other leaders experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports in MENA

Veterinary medicine vaccines imports surged to X tons in 2021, picking up by 30% compared with 2020. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, veterinary medicine vaccines imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.6% 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.

Imports by Country

The purchases of the five major importers of vaccines for veterinary medicine, namely Turkey, Saudi Arabia, Iraq, Iran and Egypt, represented more than two-thirds of total import. The United Arab Emirates (X tons), Jordan (X tons), Morocco (X tons) and Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines importing markets in MENA were Egypt ($X), Turkey ($X) and Saudi Arabia ($X), together comprising 58% of total imports. Iran, Iraq, Morocco, Jordan, the United Arab Emirates and Algeria lagged somewhat behind, together comprising a further 28%.

Iraq, with a CAGR of +21.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, shrinking by -3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2020 when the import price increased by 24%. As a result, import price attained the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform