Australia: Vaccine Market 2024

Vaccine Market Size in Australia

The Australian vaccine market shrank notably to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Vaccine Production in Australia

In value terms, vaccine production fell to $X in 2022 estimated in export price. In general, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Vaccine Exports

Exports from Australia

Vaccine exports from Australia reached X tons in 2022, with an increase of X% on the year before. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vaccine exports contracted significantly to $X in 2022. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of vaccine exports from Australia, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vaccine exported from Australia were the United States ($X), Germany ($X) and Belgium ($X), together accounting for X% of total exports. New Zealand, Argentina and the UK lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vaccine export price stood at $X per kg in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per kg in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Argentina ($X per kg) was amongst the lowest.

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

Vaccine Imports

Imports into Australia

In 2022, the amount of vaccines for human medicine imported into Australia fell dramatically to X tons, reducing by X% against 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, vaccine imports fell remarkably to $X in 2022. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest vaccine supplier to Australia, accounting for a X% share of total imports. Moreover, vaccine imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of vaccines for human medicine to Australia, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Ireland (X% per year).

Import Prices by Country

In 2022, the average vaccine import price amounted to $X,248 per ton, waning by X% against the previous year. Overall, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X,168 per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X,003 per ton) and the Netherlands ($X,623 per ton), while the price for the United States ($X,244 per ton) and the UK ($X,348 per ton) were amongst the lowest.

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

Source: IndexBox Platform

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