Italy: Vaccine Market 2024

Vaccine Market Size in Italy

The Italian vaccine market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption recorded a noticeable slump. Vaccine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Vaccine Production in Italy

In value terms, vaccine production stood at $X in 2022 estimated in export price. Overall, the total production indicated a strong increase 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

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Vaccine Exports

Exports from Italy

In 2022, after three years of growth, there was significant decline in overseas shipments of vaccines for human medicine, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, vaccine exports fell significantly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Germany (X tons) was the main destination for vaccine exports from Italy, accounting for a X% share of total exports. Moreover, vaccine exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Brazil (X% per year).

In value terms, Belgium ($X), Germany ($X) and the United States ($X) constituted the largest markets for vaccine exported from Italy worldwide, together comprising X% of total exports. Poland, the Netherlands, Brazil, Canada, Argentina, the UK, Greece, Hungary and South Korea lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average vaccine export price amounted to $X per kg, rising by X% against the previous year. In general, the export price posted resilient growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per kg in 2020; however, from 2021 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 ($X per kg), while the average price for exports to Hungary ($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 Italy

After two years of growth, overseas purchases of vaccines for human medicine decreased by X% to X tons in 2022. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, vaccine imports declined notably to $X in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest vaccine supplier to Italy, accounting for a X% share of total imports. Moreover, vaccine imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a X% share.

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

In value terms, the largest vaccine suppliers to Italy were Germany ($X), Belgium ($X) and the Netherlands ($X), with a combined X% share of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vaccine import price stood at $X per kg in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per kg), while the price for Germany ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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