Eastern Asia: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Eastern Asia

The East Asian veterinary medicine vaccines market dropped modestly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Veterinary Medicine Vaccines Production in Eastern Asia

In value terms, veterinary medicine vaccines production fell modestly to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Veterinary Medicine Vaccines Exports

Exports in Eastern Asia

In 2022, the amount of vaccines for veterinary medicine exported in Eastern Asia shrank to X tons, declining by X% on 2021. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, veterinary medicine vaccines exports reduced to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

China (X tons) and South Korea (X tons) prevails in exports structure, together creating X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), making up a X% share of total exports. The following exporters - Japan (X tons) and Hong Kong SAR (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Veterinary Medicine Vaccines Imports

Imports in Eastern Asia

In 2022, overseas purchases of vaccines for veterinary medicine decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines imports fell to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

China represented the main importer of vaccines for veterinary medicine in Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together making up a X% share of total imports. Hong Kong SAR (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the vaccines for veterinary medicine imports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Japan increased by X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported vaccines for veterinary medicine in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, veterinary medicine vaccines imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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