Spain: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in Spain

The Spanish veterinary medicine vaccines market declined to $X in 2021, waning by -4.4% against the previous year. Overall, consumption saw a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Veterinary Medicine Vaccines Production in Spain

In value terms, veterinary medicine vaccines production declined to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 16% 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 from Spain

In 2021, veterinary medicine vaccines exports from Spain rose notably to X tons, growing by 7.5% against the previous year. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +4.0% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, veterinary medicine vaccines exports expanded notably to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.1% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for veterinary medicine vaccines exports from Spain, accounting for a 35% share of total exports. Moreover, veterinary medicine vaccines exports to the Netherlands exceeded the volume sent to the second major destination, China (X tons), sixfold. Turkey (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.8% per year) and Turkey (+9.9% per year).

In value terms, the Netherlands ($X) remains the key foreign market for vaccines for veterinary medicine exports from Spain, comprising 18% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.6% share of total exports. It was followed by China, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.8% per year) and China (+11.7% per year).

Export Prices by Country

In 2021, the average veterinary medicine vaccines export price amounted to $X per ton, surging by 4.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2013 when the average export price increased by 50%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Spain

In 2021, approx. X tons of vaccines for veterinary medicine were imported into Spain; with a decrease of -4.1% compared with 2020. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2020 with an increase of 172% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, veterinary medicine vaccines imports totaled $X in 2021. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 92%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of veterinary medicine vaccines to Spain, accounting for a 68% share of total imports. Moreover, veterinary medicine vaccines imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was taken by the UK (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.2% per year) and the UK (+1.8% per year).

In value terms, the largest veterinary medicine vaccines suppliers to Spain were the Netherlands ($X), France ($X) and the United States ($X), with a combined 77% share of total imports. These countries were followed by the UK, Belgium, Taiwan (Chinese) and the Czech Republic, which together accounted for a further 18%.

Among the main suppliers, the Czech Republic, with a CAGR of +30.8%, recorded 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, rising by 14% against the previous year. Over the period under review, the import price, however, recorded a pronounced decrease. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for France ($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 Netherlands (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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