Thailand: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in Thailand

The Thai veterinary medicine vaccines market totaled $X in 2021, growing by 5.5% 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). In general, consumption, however, continues to indicate prominent growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Veterinary Medicine Vaccines Exports

Exports from Thailand

In 2021, shipments abroad of vaccines for veterinary medicine decreased by -68.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 231% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports contracted notably to $X in 2021. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 293% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons) was the main destination for veterinary medicine vaccines exports from Thailand, accounting for a 97% share of total exports. It was followed by Hong Kong SAR (X kg), with a 1.6% share of total exports. The third position in this ranking was taken by Vietnam (X kg), with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume to Myanmar stood at +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-29.7% per year) and Vietnam (-46.5% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for vaccines for veterinary medicine exports from Thailand, comprising 72% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 24% share of total exports. It was followed by Lao People's Democratic Republic, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to Myanmar totaled +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-10.6% per year) and Lao People's Democratic Republic (-26.9% per year).

Export Prices by Country

In 2021, the average veterinary medicine vaccines export price amounted to $X per ton, dropping by -9% against the previous year. In general, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 83%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Myanmar ($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 Cambodia (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Thailand

In 2021, approx. X tons of vaccines for veterinary medicine were imported into Thailand; waning by -15.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. Imports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, veterinary medicine vaccines imports contracted to $X in 2021. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 109%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of veterinary medicine vaccines to Thailand, with a 29% share of total imports. Moreover, veterinary medicine vaccines imports from the United States exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+7.7% per year) and the Netherlands (-3.3% per year).

In value terms, the United States ($X) constituted the largest supplier of vaccines for veterinary medicine to Thailand, comprising 40% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by France, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.2% per year) and France (+0.1% per year).

Import Prices by Country

The average veterinary medicine vaccines import price stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.5% 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 import price increased by +100.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 71% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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