EU: Vaccine Market 2024

Vaccine Market Size in the EU

After four years of growth, the EU vaccine market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a perceptible expansion. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Vaccine Production in the EU

In value terms, vaccine production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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Vaccine Exports

Exports in the EU

In 2022, vaccine exports in the European Union reduced dramatically to X tons, falling by X% compared with 2021 figures. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, vaccine exports contracted rapidly to $X in 2022. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

In 2022, France (X tons), distantly followed by Belgium (X tons), Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the key exporters of vaccines for human medicine, together creating X% of total exports. The following exporters - Spain (X tons) and Hungary (X tons) - together made up X% of total exports.

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

In value terms, Belgium ($X) remains the largest vaccine supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Belgium amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X,862 per ton in 2022, picking up by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price 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, vaccine export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X,042 per ton), while Hungary ($X per ton) was amongst the lowest.

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

Vaccine Imports

Imports in the EU

In 2022, overseas purchases of vaccines for human medicine decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, vaccine imports shrank remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

Spain (X tons) and Belgium (X tons) represented roughly X% of total imports in 2022. It was distantly followed by the Netherlands (X tons), achieving a X% share of total imports. The following importers - France (X tons), Germany (X tons), Italy (X tons), Ireland (X tons) and Poland (X tons) - together made up X% of total imports.

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

In value terms, Belgium ($X) constitutes the largest market for imported vaccines for human medicine in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Belgium totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X,032 per ton, jumping by X% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X,318 per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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