Singapore: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Singapore

In 2022, the Singaporean veterinary medicine vaccines market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Veterinary Medicine Vaccines Production in Singapore

In value terms, veterinary medicine vaccines production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Veterinary Medicine Vaccines Exports

Exports from Singapore

In 2022, veterinary medicine vaccines exports from Singapore contracted markedly to X tons, with a decrease of X% against the previous year's figure. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, veterinary medicine vaccines exports shrank to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Pakistan (X tons) and Sri Lanka (X tons) were the main destinations of veterinary medicine vaccines exports from Singapore, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (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 Singapore were China ($X), Pakistan ($X) and Malaysia ($X), together accounting for X% of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 veterinary medicine vaccines export price amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Myanmar ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Veterinary Medicine Vaccines Imports

Imports into Singapore

In 2022, purchases abroad of vaccines for veterinary medicine decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, veterinary medicine vaccines imports expanded slightly to $X in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest veterinary medicine vaccines supplier to Singapore, accounting for a X% share of total imports. Moreover, veterinary medicine vaccines imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Brazil (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 the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Brazil (X% per year).

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

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

Import Prices by Country

The average veterinary medicine vaccines import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and France ($X per ton), while the price for Germany ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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