U.S.: Vaccine Market 2024

Vaccine Market Size in the U.S.

The U.S. vaccine market surged to $X in 2022, rising by X% against the previous year. In general, the total consumption indicated a resilient 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. Vaccine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Vaccine Production in the U.S.

In value terms, vaccine production amounted to $X in 2022. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Vaccine production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Vaccine Exports

Exports from the U.S.

In 2022, approx. X tons of vaccines for human medicine were exported from the United States; reducing by X% against 2021 figures. Overall, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, vaccine exports reduced rapidly to $X in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

The Netherlands (X tons), Brazil (X tons) and Canada (X tons) were the main destinations of vaccine exports from the United States, with a combined X% share of total exports. Spain, Belgium, Taiwan (Chinese), Ecuador, France, Pakistan, Japan, Peru, Australia and Bangladesh lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Brazil ($X) and Belgium ($X) constituted the largest markets for vaccine exported from the United States worldwide, with a combined X% share of total exports. Spain, the Netherlands, Peru, Pakistan, Japan, Bangladesh, Taiwan (Chinese), France, Ecuador and Australia lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw 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 vaccine export price amounted to $X,322 per ton, surging by X% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X,879 per ton), while the average price for exports to Ecuador ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vaccine Imports

Imports into the U.S.

In 2022, the amount of vaccines for human medicine imported into the United States declined to X tons, which is down by X% against 2021. In general, total imports indicated prominent growth from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, vaccine imports rose remarkably to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and Ireland (X tons) were the main suppliers of vaccine imports to the United States, together comprising X% of total imports.

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

In value terms, the largest vaccine suppliers to the United States were Belgium ($X), Germany ($X) and Ireland ($X), together comprising X% of total imports.

Ireland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per kg, increasing by X% against the previous year. Over the period under review, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per kg), while the price for Taiwan (Chinese) ($X per kg) 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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