United Kingdom: Veterinary Medicine Vaccines Market 2025

Veterinary Medicine Vaccines Market Size in the UK

The UK veterinary medicine vaccines market rose modestly to $X in 2021, with an increase of 2.9% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Veterinary Medicine Vaccines Production in the UK

In value terms, veterinary medicine vaccines production declined modestly to $X in 2021 estimated in export price. Overall, production saw a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 399%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Veterinary Medicine Vaccines Exports

Exports from the UK

In 2021, shipments abroad of vaccines for veterinary medicine was finally on the rise to reach X tons after three years of decline. In general, exports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2017 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for veterinary medicine vaccines exports from the UK, accounting for a 21% share of total exports. Moreover, veterinary medicine vaccines exports to Spain exceeded the volume sent to the second major destination, Ireland (X tons), threefold. Greece (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-9.6% per year) and Greece (+4.4% per year).

In value terms, Spain ($X) remains the key foreign market for vaccines for veterinary medicine exports from the UK, comprising 16% of total exports. The second position in the ranking was taken by South Korea ($X), with a 6.9% share of total exports. It was followed by Ireland, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-13.7% per year) and Ireland (+6.2% per year).

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2021, growing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Dominican Republic ($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 Ireland (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into the UK

In 2021, the amount of vaccines for veterinary medicine imported into the UK dropped markedly to X tons, with a decrease of -47.7% on 2020 figures. In general, imports showed a deep reduction. The growth pace was the most rapid in 2014 when imports increased by 21% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, veterinary medicine vaccines imports dropped markedly to $X in 2021. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by 65%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ireland (X tons), France (X tons) and Belgium (X tons) were the main suppliers of veterinary medicine vaccines imports to the UK, with a combined 53% share of total imports. Spain, Norway, the United States, Germany, New Zealand and Sweden lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines suppliers to the UK were Ireland ($X), France ($X) and Norway ($X), together accounting for 64% of total imports.

Among the main suppliers, Ireland, with a CAGR of +22.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average veterinary medicine vaccines import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. 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 +69.1% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :