India: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in India

The Indian veterinary medicine vaccines market contracted remarkably to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated moderate 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, consumption decreased by X% against 2018 indices. Veterinary medicine vaccines consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Veterinary Medicine Vaccines Production in India

In value terms, veterinary medicine vaccines production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable expansion 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 pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Veterinary Medicine Vaccines Exports

Exports from India

In 2022, shipments abroad of vaccines for veterinary medicine increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, veterinary medicine vaccines exports surged to $X in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Myanmar (X tons), Nepal (X tons) and Nigeria (X tons) were the main destinations of veterinary medicine vaccines exports from India, with a combined X% share of total exports. Iran, Tanzania, Kenya, Zambia, Uganda, Egypt, Sri Lanka, Ghana and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for veterinary medicine vaccines exported from India were Nigeria ($X), Nepal ($X) and Kenya ($X), together comprising X% of total exports. Iran, Tanzania, Turkey, Sri Lanka, Zambia, Myanmar, Egypt, Uganda and Ghana lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Tanzania, with a CAGR of X%, recorded the highest rates of growth with regard to 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 average veterinary medicine vaccines export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 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 Turkey ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

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

Veterinary Medicine Vaccines Imports

Imports into India

In 2022, veterinary medicine vaccines imports into India shrank sharply to X tons, waning by X% on 2021. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, veterinary medicine vaccines imports fell markedly to $X in 2022. In general, imports, however, showed moderate growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Imports by Country

Israel (X tons), Belgium (X tons) and Indonesia (X tons) were the main suppliers of veterinary medicine vaccines imports to India, together accounting for X% of total imports.

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

In value terms, the largest veterinary medicine vaccines suppliers to India were the United States ($X), Israel ($X) and Belgium ($X), together accounting for X% of total imports. The Netherlands, Indonesia, France, Brazil, Italy and Mexico lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, 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 veterinary medicine vaccines import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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