New Zealand: Vaccine Market 2024

Vaccine Market Size in New Zealand

The New Zealand vaccine market shrank remarkably to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed prominent growth. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Vaccine Exports

Exports from New Zealand

In 2022, after two years of growth, there was decline in shipments abroad of vaccines for human medicine, when their volume decreased by X% to X tons. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, vaccine exports stood at $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. 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

Fiji (X tons), Australia (X tons) and Tonga (X tons) were the main destinations of vaccine exports from New Zealand, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tonga (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X), Australia ($X) and Cook Islands ($X) were the largest markets for vaccine exported from New Zealand worldwide, together accounting for X% of total exports. Tonga and Niue lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Tonga, with a CAGR of X%, saw 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

In 2022, the average vaccine export price amounted to $X per kg, increasing by X% against the previous year. Overall, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Niue ($X per kg) and Fiji ($X per kg), while the average price for exports to Tonga ($X per kg) and Australia ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niue (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Vaccine Imports

Imports into New Zealand

After two years of growth, overseas purchases of vaccines for human medicine decreased by X% to X tons in 2022. Over the period under review, imports, however, posted a notable increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, vaccine imports shrank sharply to $X in 2022. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest vaccine supplier to New Zealand, with a X% share of total imports. Moreover, vaccine imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Belgium ($X) constituted the largest supplier of vaccines for human medicine to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

Import Prices by Country

The average vaccine import price stood at $X,989 per ton in 2022, jumping by X% against the previous year. Overall, the import price showed buoyant growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X,038 per ton) and Australia ($X,424 per ton), while the price for Germany ($X,582 per ton) and the Netherlands ($X,870 per ton) were amongst the lowest.

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

Source: IndexBox Platform

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