Southern Asia: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Southern Asia

The South Asian veterinary medicine vaccines market contracted notably to $X in 2022, waning by X% against the previous year. The total consumption indicated a moderate 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, consumption decreased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Veterinary Medicine Vaccines Production in Southern Asia

In value terms, veterinary medicine vaccines production declined modestly to $X in 2022 estimated in export price. The total production indicated measured growth 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Veterinary Medicine Vaccines Exports

Exports in Southern Asia

In 2022, approx. X tons of vaccines for veterinary medicine were exported in Southern Asia; growing by X% compared with the previous year's figure. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, veterinary medicine vaccines exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Nepal (X tons) took a relatively small share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Nepal increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest veterinary medicine vaccines supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Nepal ($X), with a X% share of total exports.

In India, veterinary medicine vaccines exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, leveling off at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nepal ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%).

Veterinary Medicine Vaccines Imports

Imports in Southern Asia

In 2022, approx. X tons of vaccines for veterinary medicine were imported in Southern Asia; waning by X% compared with the previous year. In general, imports, however, recorded resilient growth. The growth pace was 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 sharply in the following year.

In value terms, veterinary medicine vaccines imports fell significantly to $X in 2022. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank markedly in the following year.

Imports by Country

Pakistan represented the largest importing country with an import of around X tons, which amounted to X% of total imports. Bangladesh (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and Nepal (X%). Afghanistan (X tons) and Sri Lanka (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines importing markets in Southern Asia were Bangladesh ($X), Pakistan ($X) and India ($X), together comprising X% of total imports.

Among the main importing countries, Bangladesh, 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

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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