South-Eastern Asia: Vaccine Market 2024

Vaccine Market Size in South-Eastern Asia

In 2022, the Southeast Asian vaccine market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Vaccine Production in South-Eastern Asia

In value terms, vaccine production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Vaccine Exports

Exports in South-Eastern Asia

Vaccine exports declined dramatically to X tons in 2022, shrinking by X% on the previous year's figure. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vaccine exports reduced markedly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Indonesia (X tons) was the largest exporter of vaccines for human medicine, generating X% of total exports. It was distantly followed by Thailand (X tons), Malaysia (X tons) and Singapore (X tons), together making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Export price indicated a perceptible 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, vaccine export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Vaccine Imports

Imports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of vaccines for human medicine, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, vaccine imports declined markedly to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

Malaysia represented the key importer of vaccines for human medicine in South-Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. The Philippines (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%), Myanmar (X%) and Vietnam (X%). The following importers - Indonesia (X tons) and Cambodia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to vaccine imports into Malaysia stood at X%. At the same time, Myanmar (X%), Thailand (X%), Cambodia (X%), Vietnam (X%), the Philippines (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Myanmar (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.), Vietnam (X p.p.), Malaysia (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), the Philippines ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Malaysia, Indonesia, Cambodia and Myanmar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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