Middle East: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in the Middle East

The Middle Eastern veterinary medicine vaccines market reduced rapidly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, saw resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Veterinary Medicine Vaccines Production in the Middle East

In value terms, veterinary medicine vaccines production reduced to $X in 2022 estimated in export price. Overall, production, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Veterinary Medicine Vaccines Exports

Exports in the Middle East

In 2022, after six years of growth, there was significant decline in shipments abroad of vaccines for veterinary medicine, when their volume decreased by X% to X tons. In general, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

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

Exports by Country

Jordan represented the largest exporting country with an export of around X tons, which recorded X% of total exports. Israel (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%) and Turkey (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%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Israel (X p.p.), the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Jordan (X p.p.) displayed negative dynamics.

In value terms, the largest veterinary medicine vaccines supplying countries in the Middle East were Israel ($X), the United Arab Emirates ($X) and Jordan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Israel, 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 export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Export price indicated a strong expansion 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 most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 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 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 the Middle East

Veterinary medicine vaccines imports reduced to X tons in 2022, waning by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. 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 dropped slightly 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. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons), Turkey (X tons), the United Arab Emirates (X tons), Iran (X tons) and Iraq (X tons) was the main importer of vaccines for veterinary medicine in the Middle East, committing X% of total import. The following importers - Oman (X tons), Qatar (X tons), Palestine (X tons), Yemen (X tons) and Jordan (X tons) - each accounted for a X% share of total imports.

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, Saudi Arabia ($X), Turkey ($X) and Iran ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The United Arab Emirates, Iraq, Jordan, Palestine, Oman, Yemen and Qatar lagged somewhat behind, together accounting for a further X%.

Palestine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 the Middle East amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jordan ($X per ton), while Qatar ($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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