Venezuela: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Venezuela

In 2021, the Venezuelan veterinary medicine vaccines market increased by 20% to $X, rising for the second consecutive year after six years of decline. Overall, consumption, however, continues to indicate a deep setback. Veterinary medicine vaccines consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Veterinary Medicine Vaccines Exports

Exports from Venezuela

In 2021, overseas shipments of vaccines for veterinary medicine increased by 0.6% to X kg, rising for the second consecutive year after four years of decline. In general, exports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2015 when exports increased by 16%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports stood at $X in 2021. Over the period under review, exports, however, recorded a sharp setback. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X kg), Taiwan (Chinese) (X kg) and Pakistan (X kg) were the main destinations of veterinary medicine vaccines exports from Venezuela, together accounting for 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of -30.5%), while the other leaders experienced a decline.

In value terms, the largest markets for veterinary medicine vaccines exported from Venezuela were Pakistan ($X), Indonesia ($X) and Taiwan (Chinese) ($X), together accounting for 88% of total exports.

Pakistan, with a CAGR of -15.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2019 an increase of 83%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then dropped modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while the average price for exports to Indonesia ($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 Pakistan (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Venezuela

In 2021, purchases abroad of vaccines for veterinary medicine increased by 17% to X tons, rising for the second year in a row after six years of decline. In general, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 80%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, veterinary medicine vaccines imports soared to $X in 2021. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 30%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Cuba (X tons) and Mexico (X tons) were the main suppliers of veterinary medicine vaccines imports to Venezuela, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +7.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Cuba ($X) constituted the largest supplier of vaccines for veterinary medicine to Venezuela, comprising 58% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by Argentina, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Cuba amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.1% per year) and Argentina (-18.3% per year).

Import Prices by Country

The average veterinary medicine vaccines import price stood at $X per ton in 2021, growing by 4% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.5% 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 decreased by -26.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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