Eastern Europe: Vaccine Market 2024

Vaccine Market Size in Eastern Europe

The East European vaccine market skyrocketed to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Vaccine Production in Eastern Europe

In value terms, vaccine production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production posted a strong expansion. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Vaccine Exports

Exports in Eastern Europe

In 2023, approx. X tons of vaccines for human medicine were exported in Eastern Europe; with an increase of X% against 2022 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, vaccine exports surged to $X in 2023. In general, exports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Poland represented the key exporter of vaccines for human medicine in Eastern Europe, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Hungary (X tons) and Russia (X tons), together committing a X% share of total exports. Bulgaria (X tons) held a little share of total exports.

Poland was also the fastest-growing in terms of the vaccines for human medicine exports, with a CAGR of X% from 2012 to 2023. At the same time, Hungary (X%) and Russia (X%) displayed positive paces of growth. By contrast, Bulgaria (X%) illustrated a downward trend over the same period. Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary, Russia and Bulgaria saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, the largest vaccine supplying countries in Eastern Europe were Poland ($X), Russia ($X) and Hungary ($X), with a combined X% share of total exports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X,814 per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the export price figures.

Vaccine Imports

Imports in Eastern Europe

In 2023, approx. X tons of vaccines for human medicine were imported in Eastern Europe; surging by X% against 2022 figures. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, vaccine imports rose sharply to $X in 2023. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons) and Poland (X tons) represented the main importers of vaccines for human medicine in 2023, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Hungary (X tons), Ukraine (X tons), Romania (X tons) and Belarus (X tons), together comprising a X% share of total imports. Russia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Poland, vaccine imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Hungary (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per kg in 2023, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per kg, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per kg), while Belarus ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform