Morocco: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Morocco

The Moroccan veterinary medicine vaccines market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Veterinary medicine vaccines consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Veterinary Medicine Vaccines Exports

Exports from Morocco

In 2022, shipments abroad of vaccines for veterinary medicine decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports expanded significantly to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Burkina Faso (X tons) and Tunisia (X tons) were the main destinations of veterinary medicine vaccines exports from Morocco, with a combined X% share of total exports.

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

In value terms, the largest markets for veterinary medicine vaccines exported from Morocco were Bulgaria ($X), Rwanda ($X) and Burkina Faso ($X), with a combined X% share of total exports.

Among the main countries of destination, Burkina Faso, 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 more modest paces of growth.

Export Prices by Country

The average veterinary medicine vaccines export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Senegal ($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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Veterinary Medicine Vaccines Imports

Imports into Morocco

In 2022, supplies from abroad of vaccines for veterinary medicine was finally on the rise to reach X tons after two years of decline. In general, imports enjoyed a tangible expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports 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 rose to $X in 2022. Overall, total imports indicated a noticeable 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, imports decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Spain (X tons) and Hungary (X tons) were the main suppliers of veterinary medicine vaccines imports to Morocco, with a combined X% share of total imports. Russia, the United States, Jordan, South Korea and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest veterinary medicine vaccines suppliers to Morocco were France ($X), the Netherlands ($X) and Russia ($X), together accounting for X% of total imports. Spain, Hungary, the United States, Jordan and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Jordan, with a CAGR of X%, saw the highest growth rate of 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 average veterinary medicine vaccines import price 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 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Jordan ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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