MERCOSUR: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in MERCOSUR

In 2021, the MERCOSUR veterinary medicine vaccines market increased by 8.8% to $X, rising for the fourth year in a row after five years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Veterinary Medicine Vaccines Production in MERCOSUR

In value terms, veterinary medicine vaccines production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2020 with an increase of 14%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Veterinary Medicine Vaccines Exports

Exports in MERCOSUR

In 2021, shipments abroad of vaccines for veterinary medicine decreased by -10.7% to X tons, falling for the third year in a row after two years of growth. Overall, exports showed a slight downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 13%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports dropped to $X in 2021. In general, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 19%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) and Brazil (X tons) represented roughly 78% of total exports in 2021. It was distantly followed by Argentina (X tons) and Colombia (X tons), together generating a 17% share of total exports. Peru (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Peru (with a CAGR of +8.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines supplying countries in MERCOSUR were Brazil ($X), Uruguay ($X) and Argentina ($X), together accounting for 83% of total exports. Colombia and Peru lagged somewhat behind, together accounting for a further 14%.

Peru, with a CAGR of +9.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, growing by 2.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 31%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+1.9%), while the other leaders experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports in MERCOSUR

In 2021, approx. X tons of vaccines for veterinary medicine were imported in MERCOSUR; picking up by 19% on the previous year. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, veterinary medicine vaccines imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons) and Chile (X tons) represented roughly 69% of total imports in 2021. Colombia (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (4.8%). The following importers - Uruguay (X tons), Ecuador (X tons) and Paraguay (X tons) - together made up 10% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +19.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Colombia ($X), together comprising 70% of total imports. Argentina, Ecuador, Uruguay and Paraguay lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, Uruguay, with a CAGR of +16.2%, saw 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

In 2021, the import price in MERCOSUR amounted to $X per ton, declining by -3.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform