Eastern Europe: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Eastern Europe

The East European veterinary medicine vaccines market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Veterinary Medicine Vaccines Production in Eastern Europe

In value terms, veterinary medicine vaccines production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Veterinary Medicine Vaccines Exports

Exports in Eastern Europe

Veterinary medicine vaccines exports contracted to X tons in 2022, remaining stable against 2021. Total exports indicated a resilient expansion 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines exports contracted to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Hungary was the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by the Czech Republic (X tons) and Russia (X tons), together creating a X% share of total exports. The following exporters - Ukraine (X tons) and Lithuania (X tons) - each resulted at a X% share of total exports.

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

In value terms, Hungary ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Lithuania and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Veterinary Medicine Vaccines Imports

Imports in Eastern Europe

In 2022, imports of vaccines for veterinary medicine in Eastern Europe dropped to X tons, declining by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, veterinary medicine vaccines imports dropped to $X in 2022. Total imports indicated moderate 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, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the key importer of vaccines for veterinary medicine in Eastern Europe, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by Belarus (X%), Hungary (X%), Romania (X%) and Ukraine (X%). The Czech Republic (X tons) took a relatively small share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%), Romania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Poland (X%), Ukraine (X%) and Hungary (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Belarus (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (X p.p.), Poland (X p.p.) and Hungary (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported vaccines for veterinary medicine in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ukraine ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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