Database Update: Veterinary API Import to Russia (December 2016 and Yearly Performance)
In 2016, Russia imported 1.57 bln RUB worth of veterinary APIs (free circulation prices), which is more than 40% higher than that of 2015. However, this is not the maximum: in 2015, we saw a 160% increase. In physical terms, the import amounted to 837.7 tons, which is 52% higher than that of 2015.
The product list has also undergone a number of significant changes. In 2016, Russia imported 72 veterinary API names against 61 in 2015. Over the past 7 years, the number of imported veterinary API names has increased by more than 3 times.
China is the main supplier of veterinary APIs to Russia, with around 80% of all the imported veterinary APIs in monetary terms in 2016. During the year, the import of veterinary APIs from China was increasing at a rate significantly ahead of the average market growth rate, while in 2015 Russia imported only 73% from China. Bulgaria comes second with 13%, while India is third with 3.6%.
The main importer is Protek SVM, with 15.9% of all import. Vetpharmservice comes second with 15.6%, and The VIC Group is third with 15.6%. The share of The VIC Group has increased by 2.3 times over the year.
Read more about the import of veterinary APIs and feed supplements to Russia (December 2016 performance) here: http://rncph.com/news/24_01_2017
Dynamics of veterinary API import to Russia, free circulation prices including customs clearance, RUB, ton (2010 – 2016)