Republic of Korea - Vaccines For Veterinary Medicine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVeterinary Medicine Vaccines Price in South Korea - 2021
Contents:
- Veterinary Medicine Vaccines Price in South Korea (CIF) - 2021
- Veterinary Medicine Vaccines Price in South Korea (FOB) - 2021
- Veterinary Medicine Vaccines Imports in South Korea
- Veterinary Medicine Vaccines Exports in South Korea
Veterinary Medicine Vaccines Price in South Korea (CIF) - 2021
The average veterinary medicine vaccines import price stood at $329K per ton in December 2021, remaining relatively unchanged against the previous month. In general, import price indicated a modest expansion from December 2020 to December 2021: its price increased at an average monthly rate of +1.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, veterinary medicine vaccines import price decreased by -1.2% against November 2021 indices. The pace of growth was the most pronounced in March 2021 an increase of 111% m-o-m. As a result, import price attained the peak level of $533K per ton. From April 2021 to December 2021, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($994K per ton), while the price for the Czech Republic ($196K per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Veterinary Medicine Vaccines Price in South Korea (FOB) - 2021
The average veterinary medicine vaccines export price stood at $55,026 per ton in December 2021, falling by -18.9% against the previous month. Over the period under review, the export price recorded a mild reduction. The most prominent rate of growth was recorded in October 2021 when the average export price increased by 57% against the previous month. As a result, the export price reached the peak level of $93,626 per ton. From November 2021 to December 2021, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Thailand ($117K per ton), while the average price for exports to the United Arab Emirates ($27,348 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Veterinary Medicine Vaccines Imports in South Korea
In 2022, veterinary medicine vaccines imports into South Korea contracted to 322 tons, waning by -6% compared with the year before. In general, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports attained the peak of 343 tons, and then dropped in the following year.
In value terms, veterinary medicine vaccines imports contracted slightly to $42M in 2022. Over the period under review, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 9.9%.
| Import of Veterinary Medicine Vaccines in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.0 | 8.0 | 10.6 | 11.1 | -2.6% |
| United Kingdom | 13.7 | 11.3 | 5.8 | 10.5 | -8.5% |
| France | 4.9 | 7.4 | 6.7 | 7.0 | 12.6% |
| Russia | 6.9 | 4.6 | 1.7 | 4.5 | -13.3% |
| Spain | 1.3 | 2.7 | 3.3 | 3.4 | 37.8% |
| Japan | 2.0 | 1.5 | 1.1 | 1.6 | -7.2% |
| Italy | 1.0 | 0.6 | 0.8 | 0.9 | -3.5% |
| Others | 2.7 | 4.0 | 14.0 | 3.1 | 4.7% |
| Total | 44.4 | 40.1 | 44.0 | 42.1 | -1.8% |
Top Suppliers of Veterinary Medicine Vaccines to South Korea in 2022:
- United States (208.8 tons)
- Russia (30.0 tons)
- United Kingdom (22.3 tons)
- France (17.1 tons)
- Spain (16.1 tons)
- Japan (8.6 tons)
- Italy (5.1 tons)
Veterinary Medicine Vaccines Exports in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of vaccines for veterinary medicine, when their volume decreased by -7.2% to 374 tons. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 14%. As a result, the exports reached the peak of 404 tons, and then dropped in the following year.
In value terms, veterinary medicine vaccines exports declined to $30M in 2022. The total export value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, the exports attained the peak of $32M, and then fell in the following year.
| Export of Veterinary Medicine Vaccines in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.4 | 7.2 | 10.7 | 9.5 | 29.2% |
| Thailand | 6.0 | 5.1 | 3.4 | 4.1 | -11.9% |
| United Arab Emirates | 0.2 | 2.4 | 3.6 | 3.2 | 152.0% |
| Pakistan | 1.9 | 1.7 | 2.4 | 2.1 | 3.4% |
| Egypt | 2.0 | 1.3 | 2.0 | 1.8 | -3.5% |
| Bangladesh | 2.0 | 1.7 | 1.9 | 1.7 | -5.3% |
| Iraq | 0.8 | 1.3 | 1.6 | 1.4 | 20.5% |
| Russia | 0.5 | 1.4 | 1.0 | 0.9 | 21.6% |
| Myanmar | 0.6 | 0.6 | 0.6 | 0.6 | 0.0% |
| Yemen | 0.5 | 0.6 | 0.7 | 0.6 | 6.3% |
| Indonesia | 0.5 | 0.5 | 0.2 | 0.4 | -7.2% |
| Nigeria | 0.3 | 0.4 | 0.4 | 0.4 | 10.1% |
| Malaysia | 0.5 | 0.4 | 0.3 | 0.3 | -15.7% |
| Others | 4.7 | 3.1 | 3.5 | 3.2 | -12.0% |
| Total | 24.9 | 27.8 | 32.4 | 30.1 | 6.5% |
Top Export Markets for Veterinary Medicine Vaccines from South Korea in 2022:
- Vietnam (74.6 tons)
- Myanmar (42.0 tons)
- Bangladesh (37.9 tons)
- Pakistan (37.8 tons)
- Egypt (32.5 tons)
- Thailand (28.2 tons)
- Iraq (23.6 tons)
- United Arab Emirates (16.7 tons)
- Yemen (12.1 tons)
- Russia (8.8 tons)
- Nigeria (7.6 tons)
- Malaysia (7.1 tons)
- Indonesia (7.0 tons)
This report provides an in-depth analysis of the veterinary medicine vaccines market in Republic of Korea. 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 21202160 - Vaccines for veterinary medicine
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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