Report Update Nov 1, 2024

Uruguay - Vaccines for Human Medicine - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Vaccine Market 2024

Vaccine Market Size in Uruguay

In 2022, the Uruguayan vaccine market decreased by -5.9% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate buoyant growth. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Vaccine Production in Uruguay

In value terms, vaccine production amounted to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Vaccine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Vaccine Exports

Exports from Uruguay

In 2021, after three years of decline, there was decline in shipments abroad of vaccines for human medicine, when their volume decreased by 0% to less than X kg. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 257% against the previous year. The exports peaked at X kg in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, vaccine exports totaled $X in 2021. Overall, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 128% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Ecuador (X kg) was the main destination for vaccine exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Ecuador was relatively modest.

In value terms, Ecuador ($X) emerged as the key foreign market for vaccines for human medicine exports from Uruguay.

From 2012 to 2018, the average annual rate of growth in terms of value to Ecuador was relatively modest.

Export Prices by Country

In 2018, the average vaccine export price amounted to $X per ton, picking up by 55% against the previous year. In general, the export price, however, recorded a abrupt setback. The export price peaked at $X per ton in 2015; however, from 2016 to 2018, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2018, the rate of growth in terms of prices for Pakistan amounted to -22.6% per year.

Vaccine Imports

Imports into Uruguay

In 2022, overseas purchases of vaccines for human medicine decreased by -30.2% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 417% against the previous year. As a result, imports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, vaccine imports reduced dramatically to $X in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 1,236% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

India (X tons), the United States (X tons) and France (X tons) were the main suppliers of vaccine imports to Uruguay, together accounting for 33% of total imports. Belgium, South Korea, Panama, Italy, Ireland, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +60.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of vaccines for human medicine to Uruguay, comprising 6.7% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.4% share of total imports. It was followed by France, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.5% per year) and France (+13.6% per year).

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per ton, shrinking by -23% against the previous year. Over the period under review, the import price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 158%. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vaccines for human medicine in the world?

The countries with the highest volumes of in 2021 were Pakistan, Japan and the Philippines, together comprising 32% of global consumption. The United States, Indonesia, Spain, China, France, Greece, Brazil, the Netherlands, Turkey and the UK lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of vaccines for human medicine in the world?

The countries with the highest volumes of in 2021 were the United States, Belgium and France, together comprising 56% of global production. These countries were followed by Germany, China, Japan and India, which together accounted for a further 32%.

What are the leading suppliers of vaccines for human medicine to Uruguay?

In value terms, the United States constituted the largest supplier of vaccines to Uruguay, comprising 49% of total imports. The second position in the ranking was occupied by Ireland, with a 23% share of total imports. It was followed by Cuba, with an 8.5% share.

What are the leading importers of vaccines for human medicine from Uruguay?

In value terms, Cuba remains the key foreign market for vaccines exports from Uruguay.

What is the average export price for vaccines for human medicine in Uruguay?

In 2021, the average vaccines export price amounted to $94,681 per ton, surging by 5.4% against the previous year.

What is the average import price for vaccines for human medicine in Uruguay?

The average vaccines import price stood at $848,953 per ton in 2021, increasing by 70% against the previous year.

This report provides an in-depth analysis of the vaccine market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202140 -
Prodcom 21202145 - Vaccines for human medicine

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023