Middle East: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in the Middle East

In 2021, after two years of decline, there was significant growth in the Middle Eastern veterinary medicine vaccines market, when its value increased by 21% to $X. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Veterinary Medicine Vaccines Production in the Middle East

In value terms, veterinary medicine vaccines production shrank slightly to $X in 2021 estimated in export price. In general, production, however, showed resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 45% against the previous year. 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 the Middle East

In 2021, the amount of vaccines for veterinary medicine exported in the Middle East stood at X tons, stabilizing at the year before. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, veterinary medicine vaccines exports shrank to $X in 2021. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped slightly in the following year.

Exports by Country

In 2021, Jordan (X tons) was the largest exporter of vaccines for veterinary medicine, making up 41% of total exports. Israel (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons), Turkey (X tons) and the United Arab Emirates (X tons). All these countries together took approx. 57% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +24.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest veterinary medicine vaccines supplier in the Middle East, comprising 67% of total exports. The second position in the ranking was taken by Jordan ($X), with a 16% share of total exports. It was followed by Turkey, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel stood at +10.0%. 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

The export price in the Middle East stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Veterinary Medicine Vaccines Imports

Imports in the Middle East

In 2021, the amount of vaccines for veterinary medicine imported in the Middle East soared to X tons, rising by 43% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.1% 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 skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. 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

Turkey (X tons), Saudi Arabia (X tons), Iraq (X tons) and Iran (X tons) represented roughly 81% of total imports in 2021. The following importers - the United Arab Emirates (X tons), Jordan (X tons) and Qatar (X tons) - together made up 9.6% of total imports.

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 the Middle East were Turkey ($X), Saudi Arabia ($X) and Iran ($X), together accounting for 66% of total imports. Iraq, Jordan, the United Arab Emirates and Qatar lagged somewhat behind, together comprising a further 19%.

In terms of the main importing countries, Iraq, with a CAGR of +21.0%, saw 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

The import price in the Middle East stood at $X per ton in 2021, with a decrease of -7.7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2020 when the import price increased by 18%. As a result, import price attained 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 Jordan ($X per ton), while Iraq ($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

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