Veterinary vaccines market in Croatia

Earlier Report Observations

The veterinary vaccines market in Croatia contracted between 2018 and 2020, falling from $6.1 million to $4.0 million. This period saw the introduction of EU Regulation 2019/4, which centralized marketing approvals and expanded the range of permissible veterinary medicinal products, likely requiring industry adaptation. Concurrently, the entry of large investors into the domestic veterinary services sector altered competitive dynamics. By 2020, increased public and regulatory pressure to curb antibiotic use in veterinary medicine began to steer research toward alternatives, including antibacterial vaccines.

A sharp market rebound to $6.2 million occurred in 2021, primarily fueled by the ongoing EU-cofinanced oral vaccination program for foxes against rabies. This initiative, which aerially distributes vaccine baits, generated consistent demand for veterinary vaccines.

Sustained growth followed from 2022 to 2024, with the market reaching $7.7 million. This expansion was underpinned by significant development within Croatia's pharmaceutical industry, which focused on producing veterinary medicines through plant extraction and synthetic drug development. Persistent research into antibiotic alternatives, driven by the rise of multidrug-resistant microorganisms, further stimulated vaccine innovation and production.

Production veterinary vaccines in Croatia

In value, 2017-2020, K $ US

Croatia's veterinary vaccine production has declined for the second year in a row. In 2020, output was valued at 4 695 thousand US dollars, marking a modest 7.7% year-on-year decrease. Over the 2017-2020 period, production fell by 11.3%, with a compound annual growth rate of -3.9%. The highest production value was recorded in 2018 at 6 077 thousand US dollars, which saw a 14.9% increase. The largest decline occurred in 2019, with a drop of 16.3%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

Exports veterinary vaccines from Croatia

Exports in kind, kg

After two years of growth, Croatia's veterinary vaccine exports declined in 2020. Exports stood at 54 320 kilograms, which is 16.9% lower than in 2019. Between 2017 and 2020, exports increased by 33.7%, translating to an annualized growth rate of 10.2%. The peak export volume was recorded in 2019 at 65 335 kilograms, which saw a significant increase of 48.7%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, kg

From 2017 to 2020, Denmark, Iran, and Serbia were the main markets for Croatia's veterinary vaccine exports by volume. Denmark accounted for 37.3% of exports, Iran for 22.7%, and Serbia for 19.4%. Together, these three countries represented 79.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

Croatia's veterinary vaccine exports in value terms declined for the second consecutive year. In 2020, exports totaled 5 110 thousand US dollars, showing a substantial 21.0% decrease from 2019. Over the 2017-2020 period, exports fell by 15.3%, with a compound annual growth rate of -5.4%. The highest export value was recorded in 2018 at 6 847 thousand US dollars, which experienced a 13.5% increase.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Iran, Serbia, and Egypt were consistently the top destinations for Croatia's veterinary vaccine exports by value. Iran accounted for 33.2% of exports, Serbia for 28.5%, and Egypt for 9.5%. Collectively, these three countries made up 71.2% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports veterinary vaccines to Croatia

Imports in kind, kg

In 2020, Croatia's veterinary vaccine imports by volume amounted to 20 676 kilograms, reflecting a 34.2% decrease from 2019. Over the 2017-2020 period, imports declined by 34.4%, with a compound annual growth rate of -13.1%. The largest increase was recorded in 2019, with a modest rise of 0.5%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, kg

From 2017 to 2020, Spain, Austria, and France were the leading sources of Croatia's veterinary vaccine imports by volume. Spain accounted for 49.6% of imports, Austria for 16.4%, and France for 9.2%. Together, these three countries represented 75.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

Croatia's veterinary vaccine imports in value terms declined for the third consecutive year. In 2020, imports totaled 4 443 thousand US dollars, equivalent to a 30.7% decrease compared to 2019. Between 2017 and 2020, imports fell by 36.3%, translating to an annualized decline of 13.9%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Spain, Austria, and France were the main sources in the geographical breakdown of Croatia's veterinary vaccine imports by value. Spain accounted for 33.3% of imports, Austria for 20.5%, and France for 12.9%. Combined, these three countries held a 66.7% share of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020