Portugal: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in Portugal

The Portuguese veterinary medicine vaccines market soared to $X in 2021, rising by 21% 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, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +126.2% against 2016 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Veterinary Medicine Vaccines Exports

Exports from Portugal

In 2021, the amount of vaccines for veterinary medicine exported from Portugal shrank to X tons, which is down by -3.8% against the year before. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 210%. The exports peaked at X tons in 2020, and then fell modestly in the following year.

In value terms, veterinary medicine vaccines exports surged to $X in 2021. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by 121% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Angola (X tons), Mozambique (X tons) and Israel (X kg) were the main destinations of veterinary medicine vaccines exports from Portugal, with a combined 86% share of total exports. Cabo Verde, Macao SAR and Hong Kong SAR lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +150.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) emerged as the key foreign market for vaccines for veterinary medicine exports from Portugal, comprising 64% of total exports. The second position in the ranking was held by Mozambique ($X), with a 15% share of total exports. It was followed by Cabo Verde, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Angola totaled +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+13.4% per year) and Cabo Verde (+13.1% per year).

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2021, growing by 64% against the previous year. In general, the export price continues to indicate a tangible increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 93% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to Mozambique ($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 Macao SAR (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Portugal

In 2021, veterinary medicine vaccines imports into Portugal skyrocketed to X tons, increasing by 18% on 2020 figures. Overall, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 52% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, veterinary medicine vaccines imports surged to $X in 2021. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 65%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest veterinary medicine vaccines supplier to Portugal, accounting for a 53% share of total imports. Moreover, veterinary medicine vaccines imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.2% per year) and the Netherlands (-3.4% per year).

In value terms, the Netherlands ($X), Spain ($X) and France ($X) were the largest veterinary medicine vaccines suppliers to Portugal, together comprising 80% of total imports. These countries were followed by Germany, Belgium, the United States, Ireland, Italy and the UK, which together accounted for a further 18%.

The United States, with a CAGR of +60.1%, recorded the highest growth rate of the value of imports, among the main suppliers 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, remaining stable against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 36%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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