Morocco: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Morocco

The Moroccan veterinary medicine vaccines market contracted remarkably to $X in 2021, shrinking by -27.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a deep reduction. Veterinary medicine vaccines consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Veterinary Medicine Vaccines Exports

Exports from Morocco

In 2021, shipments abroad of vaccines for veterinary medicine decreased by -3.3% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 354% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, veterinary medicine vaccines exports dropped to $X in 2021. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 430% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Burkina Faso (X tons) and Mauritania (X tons) were the main destinations of veterinary medicine vaccines exports from Morocco, with a combined 55% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Burkina Faso (with a CAGR of +588.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for veterinary medicine vaccines exported from Morocco were Bulgaria ($X), Rwanda ($X) and Saudi Arabia ($X), together accounting for 41% of total exports. Mauritania, Burkina Faso, Tunisia, Iraq, Chad and Senegal lagged somewhat behind, together comprising a further 40%.

Burkina Faso, with a CAGR of +861.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average veterinary medicine vaccines export price amounted to $X per ton, which is down by -8.7% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 30%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+156.5%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Morocco

In 2021, imports of vaccines for veterinary medicine into Morocco declined remarkably to X tons, reducing by -17.5% on the previous year. In general, imports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2016 with an increase of 80%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, veterinary medicine vaccines imports reduced to $X in 2021. Overall, imports, however, saw a tangible increase. The pace of growth was the most pronounced in 2016 when imports increased by 65%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Hungary (X tons), Spain (X tons) and France (X tons) were the main suppliers of veterinary medicine vaccines imports to Morocco, with a combined 63% share of total imports. These countries were followed by Russia, the Netherlands, the United States and Jordan, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +669.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Spain ($X) were the largest veterinary medicine vaccines suppliers to Morocco, together comprising 52% of total imports. These countries were followed by Hungary, the United States, Russia and Jordan, which together accounted for a further 34%.

In terms of the main suppliers, Jordan, with a CAGR of +848.2%, 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 average veterinary medicine vaccines import price stood at $X per ton in 2021, surging by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Jordan ($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 (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :