Report Update Nov 1, 2024

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

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Vietnam: Vaccine Market 2024

Vaccine Market Size in Vietnam

In 2022, after four years of growth, there was decline in the Vietnamese vaccine market, when its value decreased by -2.9% to $X. Overall, consumption, however, continues to indicate a significant increase. Vaccine consumption peaked at $X in 2021, and then reduced slightly in the following year.

Vaccine Exports

Exports from Vietnam

After two years of decline, overseas shipments of vaccines for human medicine increased by 71% to X kg in 2022. Over the period under review, exports, however, saw a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of 289% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vaccine exports surged to $X in 2022. Overall, exports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 411% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X kg) was the main destination for vaccine exports from Vietnam, with a 93% share of total exports. Moreover, vaccine exports to Bangladesh exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh stood at +13.6%.

In value terms, Bangladesh ($X) remains the key foreign market for vaccines for human medicine exports from Vietnam, comprising 93% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 6.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bangladesh stood at -5.5%.

Export Prices by Country

In 2022, the average vaccine export price amounted to $X per ton, with a decrease of -15.2% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vaccine export price decreased by -42.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 31%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Lao People's Democratic Republic stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vaccine Imports

Imports into Vietnam

In 2022, after four years of growth, there was significant decline in overseas purchases of vaccines for human medicine, when their volume decreased by -6.8% to X tons. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 197%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, vaccine imports shrank modestly to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 260%. Over the period under review, imports hit record highs at $X in 2021, and then reduced modestly in the following year.

Imports by Country

China (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of vaccine imports to Vietnam, together accounting for 41% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +147.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and the United States ($X) constituted the largest vaccine suppliers to Vietnam, together accounting for 48% of total imports.

China, with a CAGR of +143.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per ton, rising by 6% against the previous year. Overall, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 72% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.4%), 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, with a combined 56% share of global production. Germany, China, Japan and India lagged somewhat behind, together comprising a further 32%.

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

In value terms, France, the United States and Belgium were the largest vaccines suppliers to Vietnam, together comprising 81% of total imports. These countries were followed by Ireland, Thailand, India and South Korea, which together accounted for a further 11%.

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

In value terms, South Korea remains the key foreign market for vaccines exports from Vietnam, comprising 55% of total exports. The second position in the ranking was occupied by Cambodia, with a 17% share of total exports. It was followed by the Philippines, with a 14% share.

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

The average vaccines export price stood at $2,421 per kg in 2021, declining by -7.9% against the previous year.

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

The average vaccines import price stood at $621,897 per ton in 2021, with a decrease of -25.6% against the previous year.

This report provides an in-depth analysis of the vaccine market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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