Key Market Indicators
Montenegro's vaccination coverage for children aged 1 is projected to decline slightly over the next five years. By 2028, the country aims to reach an 81% vaccination rate for this age group, down from the current 82% in 2023. This represents an average annual decrease of 0.3 percentage points. Since 2011, the vaccination rate has fallen by one percentage point each year. In a similar trend, the vaccination coverage for children aged 1 is expected to drop to 82% by 2028 from 84% in 2023. This decline occurs at a rate of 0.5 percentage points per year on average. Over the past decade, the rate has decreased by 0.5 points annually. On the economic front, Montenegro's vaccine imports are anticipated to reach approximately $822,000 by 2028, down from $831,000 in 2023. This marks a 0.3% annual decrease in compound annual growth rate (CAGR). Since 2011, the country's demand for vaccines has decreased by 2.1% each year. Conversely, Montenegro's vaccine exports are expected to grow. By 2028, the value of exported vaccines is projected to rise to around $34,000, up from $29,000 in 2023, reflecting an annual growth rate of 2.3%. Despite this growth, Montenegro's supply has seen a slight annual decline of 0.1% since 2011. In 2023, Montenegro ranked 51st in vaccine exports, overtaken by Estonia at the same value of $29,000. Leading the export rankings were Belgium, the United Kingdom, and France, occupying the second, third, and fourth positions, respectively.
