Key Market Indicators
**Filipina Vaccination Coverage Decline Expected by 2028** The vaccination coverage for children aged one year in the Philippines is projected to drop to 54% by 2028, down from 61% in 2023. This represents an average annual decline of about 2.1 percentage points. Historically, the vaccination rate in the country has decreased by approximately 1.6 points per year since 1985. **Vaccine Imports on the Rise** Conversely, the importation of vaccines in the Philippines is expected to see a significant increase. By 2028, vaccine imports are anticipated to reach $260 million, up from $218 million in 2023. This marks an average annual growth rate of 2.7% since 2001, during which demand has risen by 6.1% each year. **Export Growth Projections** The export of vaccines from the Philippines is also set to grow. By 2028, the value of vaccine exports is forecasted to hit $922,000, up from $743,000 in 2023. This growth rate averages 3.3% annually, with a historical increase of 18.1% per year since 2003. As of 2023, the Philippines ranked 42nd in vaccine exports, with Uganda slightly ahead at the same export value. Leading the global vaccine export rankings were Belgium, the United Kingdom, and France, holding the second, third, and fourth positions respectively.
