Northern America: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Northern America

The North American veterinary medicine vaccines market contracted to $X in 2021, with a decrease of -6.2% against the previous year. The total consumption indicated a prominent 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. Based on 2021 figures, consumption increased by +98.1% against 2014 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced in the following year.

Veterinary Medicine Vaccines Production in Northern America

In value terms, veterinary medicine vaccines production dropped to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +94.3% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 36%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Veterinary Medicine Vaccines Exports

Exports in Northern America

In 2021, shipments abroad of vaccines for veterinary medicine was finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a pronounced downturn. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports surged to $X in 2021. In general, exports, however, continue to indicate a noticeable decline. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from the United States (X tons), together resulting at 99% of total export.

The United States was also the fastest-growing in terms of the vaccines for veterinary medicine exports, with a CAGR of -4.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest veterinary medicine vaccines supplier in Northern America.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -3.5%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 5.8% against the previous year. Export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% 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 decreased by -29.2% against 2015 indices. The growth pace was the most rapid in 2014 when the export price increased by 40% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.2% per year.

Veterinary Medicine Vaccines Imports

Imports in Northern America

In 2021, purchases abroad of vaccines for veterinary medicine was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a strong expansion from 2012 to 2021: its volume 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. The pace of growth appeared the most rapid in 2015 when imports increased by 63%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, veterinary medicine vaccines imports soared to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 42% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Canada prevails in imports structure, recording X tons, which was near 92% of total imports in 2021. It was distantly followed by the United States (X tons), committing an 8.5% share of total imports.

Canada was also the fastest-growing in terms of the vaccines for veterinary medicine imports, with a CAGR of +8.9% from 2012 to 2021. At the same time, the United States (+3.6%) displayed positive paces of growth. From 2012 to 2021, the share of Canada increased by +4.2 percentage points.

In value terms, Canada ($X) constitutes the largest market for imported vaccines for veterinary medicine in Northern America, comprising 90% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Canada totaled +3.6%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 3.5% against the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).

Source: IndexBox Platform

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