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Kuwait - Vaccines For Human Medicine - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVaccine Price in Kuwait - 2021
Contents:
- Vaccine Price in Kuwait (CIF) - 2022
- Vaccine Price in Kuwait (FOB) - 2022
- Vaccine Imports in Kuwait
- Vaccine Exports in Kuwait
Vaccine Price in Kuwait (CIF) - 2022
In 2022, the average vaccine import price amounted to $1,159,630 per ton, reducing by -9% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 98% against the previous year. As a result, import price reached the peak level of $1,274,472 per ton, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($1,152,259 per ton), while the price for France ($224,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Vaccine Price in Kuwait (FOB) - 2022
The average vaccine export price stood at $131,979 per ton in 2022, growing by 10% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vaccine export price increased by +21.6% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 51% against the previous year. Over the period under review, the average export prices attained the peak figure at $186,018 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to -9.0% per year.
Vaccine Imports in Kuwait
After three years of growth, purchases abroad of vaccines for human medicine decreased by -37% to 91 tons in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 245%. As a result, imports attained the peak of 145 tons, and then fell remarkably in the following year.
In value terms, vaccine imports fell sharply to $106M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 584% against the previous year. As a result, imports attained the peak of $185M, and then shrank remarkably in the following year.
Import of Vaccine in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 2.7 | 1.5 | 69.8 | 42.4 | 150.4% |
United States | 3.1 | 2.7 | 18.2 | 11.0 | 52.5% |
Ireland | 6.0 | 5.7 | 5.3 | 3.8 | -14.1% |
United Arab Emirates | 0.2 | 7.3 | 5.3 | 3.2 | 152.0% |
Saudi Arabia | 1.0 | 1.4 | 2.5 | 1.5 | 14.5% |
Netherlands | 0.9 | 1.0 | 2.2 | 1.3 | 13.0% |
France | 0.6 | 1.0 | 1.8 | 1.1 | 22.4% |
Russia | N/A | N/A | 9.7 | N/A | 0% |
Others | 4.9 | 6.5 | 70.2 | 41.7 | 104.2% |
Total | 19.5 | 27.1 | 185 | 106 | 75.8% |
Top Suppliers of Vaccine to Kuwait in 2022:
- Belgium (44.4 tons)
- United States (11.0 tons)
- United Arab Emirates (5.3 tons)
- Ireland (5.3 tons)
- France (4.8 tons)
- Netherlands (3.4 tons)
- Saudi Arabia (1.3 tons)
Vaccine Exports in Kuwait
In 2022, after three years of growth, there was significant decline in shipments abroad of vaccines for human medicine, when their volume decreased by -41% to 380 kg. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 202% against the previous year. As a result, the exports reached the peak of 644 kg, and then contracted notably in the following year.
In value terms, vaccine exports declined sharply to $50K in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 234%. As a result, the exports reached the peak of $77K, and then plummeted in the following year.
Export of Vaccine in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 20.3 | 15.7 | 51.3 | 50.2 | 35.2% |
Switzerland | N/A | 7.4 | N/A | N/A | 0% |
Belgium | N/A | N/A | 25.9 | N/A | 0% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 20.5 | 23.1 | 77.2 | 50.2 | 34.8% |
Top Export Markets for Vaccine from Kuwait in 2022:
- Qatar (380.0 kg)
This report provides an in-depth analysis of the vaccine market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21202140 -
- Prodcom 21202145 - Vaccines for human medicine
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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