EU Veterinary Vaccine Trade to Surpass Last Year’s $1.7B
IndexBox has just published a new report: ‘EU – Vaccines For Veterinary Medicine – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
Over the first half of 2021, total EU veterinary vaccine exports amounted to $758M, increasing by 13 percent compared with last year’s same period. Given this increase, supplies may overcome the $1.7B figure of 2020 by the year-end. The key veterinary vaccine exporters are Spain, France, Belgium, Hungary, Italy, the Czech Republic and Germany, providing 95 percent of the total supplies in the EU. Belgium recorded the most notable increase in the volume of exports last year.
Veterinary Vaccine Exports in the EU
In the first half of 2021, veterinary vaccine export value in the EU estimated at $758M, a 13 percent-surge compared to the same period of the previous year. In 2020, 15K tonnes of vaccines were exported worth $1.7B (IndexBox estimates).
Spain (3.8K tonnes), France (2.9K tonnes), Belgium (2.4K tonnes), Hungary (1.8K tonnes), Italy (1.3K tonnes), the Czech Republic (1K tonnes), and Germany (0.7K tonnes) supplied roughly 95 percent of the total volume in 2020.
Belgium experienced the highest spike in veterinary vaccine exports during the last year, with the volume of supplies rising from 2.1K to 2.4K tonnes.
In value terms, France ($515M), Spain ($336M) and Belgium ($226M) appeared to be the countries with the highest levels of exports in 2020, with a combined 63 percent share of total exports. These countries were followed by Germany, Hungary, the Czech Republic and Italy, which accounted for a further 25 percent.
Source: IndexBox Platform
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