South-Eastern Asia: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in South-Eastern Asia

The Southeast Asian veterinary medicine vaccines market totaled $X in 2021, growing by 10% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 +79.8% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Veterinary Medicine Vaccines Production in South-Eastern Asia

In value terms, veterinary medicine vaccines production reduced to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +59.6% against 2013 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 30% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Veterinary Medicine Vaccines Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in overseas shipments of vaccines for veterinary medicine, which decreased by -5.1% to X tons in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -27.0% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 91%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports dropped to $X in 2021. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 139%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Indonesia (X tons) represented the largest exporter of vaccines for veterinary medicine, achieving 65% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 14% share, followed by Singapore (7.9%), Vietnam (7.7%) and Thailand (5%).

From 2012 to 2021, average annual rates of growth with regard to veterinary medicine vaccines exports from Indonesia stood at +7.2%. At the same time, Vietnam (+41.6%), Malaysia (+24.1%) and Singapore (+15.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +41.6% from 2012-2021. By contrast, Thailand (-13.4%) illustrated a downward trend over the same period. Malaysia (+11 p.p.), Vietnam (+7.1 p.p.), Indonesia (+4.8 p.p.) and Singapore (+4 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -26.5% from 2012 to 2021, respectively.

In value terms, the largest veterinary medicine vaccines supplying countries in South-Eastern Asia were Indonesia ($X), Singapore ($X) and Vietnam ($X), together comprising 82% of total exports.

Vietnam, with a CAGR of +37.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, which is down by -4.6% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the export price increased by 25%. The level of export peaked at $X per ton in 2020, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.9%), while the other leaders experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of vaccines for veterinary medicine were imported in South-Eastern Asia; picking up by 4.3% against the previous year. The total import volume increased at an average annual rate of +4.5% 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 when imports increased by 38%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.1% 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 increased by +70.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Vietnam (X tons), Thailand (X tons), Malaysia (X tons), Indonesia (X tons), the Philippines (X tons) and Cambodia (X tons) was the key importer of vaccines for veterinary medicine in South-Eastern Asia, mixing up 97% of total import. Singapore (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +31.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2021, together comprising 74% of total imports. Indonesia, Malaysia, Cambodia and Singapore lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, Singapore, with a CAGR of +26.7%, recorded the highest rates of growth with regard to 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 South-Eastern Asia stood at $X per ton in 2021, with an increase of 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2020 an increase of 16%. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per ton), while Cambodia ($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 Philippines (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :