Jordan: Vaccine Market 2024

Vaccine Market Size in Jordan

In 2022, the Jordanian vaccine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a buoyant 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, consumption increased by X% against 2016 indices. Vaccine consumption peaked at $X in 2021, and then reduced in the following year.

Vaccine Production in Jordan

In value terms, vaccine production rose sharply to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Vaccine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vaccine Exports

Exports from Jordan

In 2022, the amount of vaccines for human medicine exported from Jordan reduced remarkably to X kg, dropping by X% on 2021. In general, exports saw a noticeable downturn. The smallest decline of X% was in 2018. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vaccine exports declined remarkably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The smallest decline of X% was in 2018. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for vaccine exports from Jordan, with a X% share of total exports. Moreover, vaccine exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), tenfold. Oman (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for vaccines for human medicine exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the average vaccine export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Tanzania ($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 Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vaccine Imports

Imports into Jordan

In 2022, imports of vaccines for human medicine into Jordan reduced dramatically to X tons, which is down by X% on the year before. In general, imports, however, saw a measured expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, vaccine imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest vaccine supplier to Jordan, accounting for a X% share of total imports. Moreover, vaccine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and South Korea (X% per year).

In value terms, the largest vaccine suppliers to Jordan were the United Arab Emirates ($X), Belgium ($X) and the United States ($X), with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average vaccine import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X,920 per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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