Report Update Nov 1, 2024

Morocco - Vaccines for Human Medicine - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Vaccine Market 2024

Vaccine Market Size in Morocco

In 2022, the Moroccan vaccine market increased by 26% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption posted resilient growth. Vaccine consumption peaked in 2022 and is expected to retain growth in the immediate term.

Vaccine Exports

Exports from Morocco

In 2022, shipments abroad of vaccines for human medicine was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a slight expansion. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vaccine exports surged to $X in 2022. In general, exports, however, faced a abrupt decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for vaccine exports from Morocco, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire stood at +2.9%.

In value terms, Cote d'Ivoire ($X) also remains the key foreign market for vaccines for human medicine exports from Morocco.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to -10.3%.

Export Prices by Country

In 2022, the average vaccine export price amounted to $X per ton, falling by -14.6% against the previous year. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +15.6% per year.

Vaccine Imports

Imports into Morocco

In 2022, overseas purchases of vaccines for human medicine increased by 70% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 77% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, vaccine imports contracted to $X in 2022. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 52% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

Belgium (X tons), India (X tons) and the United States (X tons) were the main suppliers of vaccine imports to Morocco, together comprising 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +67.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of vaccines for human medicine to Morocco, comprising 64% of total imports. The second position in the ranking was taken by India ($X), with a 22% share of total imports. It was followed by the United States, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+65.6% per year) and the United States (-0.9% per year).

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per ton, declining by -45.2% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vaccines for human medicine in the world?

The countries with the highest volumes of in 2021 were Pakistan, Japan and the Philippines, together accounting for 32% of global consumption. The United States, Indonesia, Spain, China, France, Greece, Brazil, the Netherlands, Turkey and the UK lagged somewhat behind, together comprising a further 35%.

What are the largest producers of vaccines for human medicine in the world?

The countries with the highest volumes of in 2021 were the United States, Belgium and France, with a combined 56% share of global production. These countries were followed by Germany, China, Japan and India, which together accounted for a further 32%.

What are the leading suppliers of vaccines for human medicine to Morocco?

In value terms, Belgium constituted the largest supplier of vaccines to Morocco, comprising 56% of total imports. The second position in the ranking was occupied by India, with a 19% share of total imports. It was followed by China, with a 7.2% share.

What are the leading importers of vaccines for human medicine from Morocco?

In value terms, Belgium remains the key foreign market for vaccines exports from Morocco, comprising 85% of total exports. The second position in the ranking was occupied by Cote d'Ivoire, with a 15% share of total exports.

What is the average export price for vaccines for human medicine in Morocco?

In 2021, the average vaccines export price amounted to $145,142 per ton, increasing by 16% against the previous year.

What is the average import price for vaccines for human medicine in Morocco?

The average vaccines import price stood at $403,927 per ton in 2021, growing by 13% against the previous year.

This report provides an in-depth analysis of the vaccine market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202140 -
Prodcom 21202145 - Vaccines for human medicine

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023