Key Market Indicators
**Barbadian Vaccination Coverage Static at 92 Percent by 2028** **Bridgetown, Barbados** - The vaccination coverage for one-year-old children in Barbados is projected to remain steady at 92 percent by 2028, mirroring the current rate in 2023. This indicates no change in the average vaccination rate over the five-year period. Historical data reveals that the Barbadian market has experienced a slight decline, falling by 0.4 percentage points annually since 1985. **Vaccine Imports to Increase by 2028** Barbadian vaccine imports are forecasted to rise to approximately $1.15 million by 2028, up from about $1.05 million in 2023. This reflects a modest growth rate of 1.2 percent per year on average. Over the past two decades, the demand for vaccines in Barbados has seen a steady annual increase of 2.4 percent since 2002. **Exports Also on the Rise** On the export front, Barbados is expected to see its vaccine exports climb to roughly $408,000 by 2028, compared to nearly $350,000 in 2023. This represents an average annual growth rate of 2.3 percent. Since 2002, the country's vaccine supply has surged annually by 2.4 percent. In the global export rankings, Barbados was positioned at number 46 in 2023, with Serbia just ahead at the same value of around $350,000. Leading the rankings were Belgium, the United Kingdom, and France, holding the second, third, and fourth positions respectively.
