MERCOSUR: Vaccine Market 2024

Vaccine Market Size in MERCOSUR

In 2022, after three years of growth, there was significant decline in the MERCOSUR vaccine market, when its value decreased by X% to $X. In general, consumption, however, enjoyed pronounced growth. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Vaccine Production in MERCOSUR

In value terms, vaccine production totaled $X in 2022 estimated in export price. 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 pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vaccine Exports

Exports in MERCOSUR

In 2022, overseas shipments of vaccines for human medicine decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vaccine exports declined significantly to $X in 2022. In general, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Argentina (X tons) represented the major exporter of vaccines for human medicine, generating X% of total exports. Guyana (X tons) ranks second in terms of the total exports with a X% share, followed by Brazil (X%). Colombia (X kg) and Peru (X kg) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vaccine exports from Argentina stood at X%. At the same time, Guyana (X%) and Peru (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina, Guyana and Peru 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, Brazil ($X), Argentina ($X) and Colombia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Guyana and Peru lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Guyana, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X,167 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X,106 per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced mixed trends in the export price figures.

Vaccine Imports

Imports in MERCOSUR

In 2022, purchases abroad of vaccines for human medicine decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a mild decrease. 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 tons, and then declined markedly in the following year.

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

Imports by Country

In 2022, Argentina (X tons), Brazil (X tons), Colombia (X tons), Peru (X tons) and Chile (X tons) was the key importer of vaccines for human medicine in MERCOSUR, constituting X% of total import. It was distantly followed by Ecuador (X tons), achieving a X% share of total imports. Venezuela (X tons) followed a long way behind the leaders.

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

In value terms, the largest vaccine importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), with a combined X% share of total imports.

Among the main importing countries, Argentina, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 MERCOSUR amounted to $X per kg, waning by X% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per kg, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per kg), while Venezuela ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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