MENA: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in MENA

The MENA's veterinary medicine vaccines market shrank dramatically to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Veterinary Medicine Vaccines Production in MENA

In value terms, veterinary medicine vaccines production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Veterinary Medicine Vaccines Exports

Exports in MENA

In 2022, overseas shipments of vaccines for veterinary medicine decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, veterinary medicine vaccines exports shrank to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Jordan represented the key exporting country with an export of about X tons, which amounted to X% of total exports. Israel (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%), Turkey (X%) and Morocco (X%).

From 2012 to 2022, average annual rates of growth with regard to veterinary medicine vaccines exports from Jordan stood at X%. At the same time, Israel (X%), Turkey (X%), the United Arab Emirates (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Israel, the United Arab Emirates and Turkey increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest veterinary medicine vaccines supplying countries in MENA were Israel ($X), the United Arab Emirates ($X) and Jordan ($X), together accounting for X% of total exports.

Israel, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 MENA amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a resilient 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, veterinary medicine vaccines export price increased by X% against 2016 indices. The growth pace was the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

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

Veterinary Medicine Vaccines Imports

Imports in MENA

In 2022, imports of vaccines for veterinary medicine in MENA reduced to X tons, dropping by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines imports declined markedly to $X in 2022. Total imports indicated a resilient 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. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined markedly in the following year.

Imports by Country

Saudi Arabia (X tons), Turkey (X tons), the United Arab Emirates (X tons), Iran (X tons) and Iraq (X tons) represented roughly X% of total imports in 2022. Algeria (X tons), Egypt (X tons), Morocco (X tons), Oman (X tons), Qatar (X tons), Palestine (X tons), Yemen (X tons) and Jordan (X tons) followed a long way behind the leaders.

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

In value terms, the largest veterinary medicine vaccines importing markets in MENA were Saudi Arabia ($X), Turkey ($X) and Iran ($X), together comprising X% of total imports. The United Arab Emirates, Egypt, Iraq, Morocco, Algeria, Jordan, Palestine, Oman, Yemen and Qatar lagged somewhat behind, together comprising a further X%.

Palestine, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked 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 Egypt ($X per ton), while Qatar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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