Romania: Vaccine Market 2024

Vaccine Market Size in Romania

In 2022, after six years of growth, there was significant decline in the Romanian vaccine market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a pronounced 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, consumption increased by X% against 2015 indices. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Vaccine Production in Romania

In value terms, vaccine production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Vaccine Exports

Exports from Romania

In 2022, shipments abroad of vaccines for human medicine increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, vaccine exports plummeted to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Germany (X tons) was the main destination for vaccine exports from Romania, with a X% share of total exports. Moreover, vaccine exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), sixfold. The UK (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and the UK (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for vaccines for human medicine exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Moldova, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Moldova (X% per year).

Export Prices by Country

The average vaccine export price stood at $X per kg in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per kg, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per kg), while the average price for exports to the Czech Republic ($X per kg) was amongst the lowest.

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

Vaccine Imports

Imports into Romania

After three years of growth, supplies from abroad of vaccines for human medicine decreased by X% to X tons in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then contracted notably in the following year.

In value terms, vaccine imports fell remarkably to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest vaccine supplier to Romania, accounting for a X% share of total imports. Moreover, vaccine imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Hungary (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X,110 per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X,526 per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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