Africa: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Africa

In 2021, after six years of growth, there was significant decline in the African medicaments containing corticosteroid hormones market, when its value decreased by -8.9% to $X. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Medicaments Containing Corticosteroid Hormones in Africa

In value terms, medicaments containing corticosteroid hormones production rose modestly to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.9% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 27%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Medicaments Containing Corticosteroid Hormones

Exports in Africa

In 2021, the amount of medicaments containing corticosteroid hormones exported in Africa expanded significantly to X tons, picking up by 9.4% on the previous year's figure. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.6% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +25.5% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Kenya (X tons) and South Africa (X tons) represented roughly 68% of total exports in 2021. It was distantly followed by Morocco (X tons) and Swaziland (X tons), together committing a 19% share of total exports. The following exporters - Tunisia (X tons), Uganda (X tons) and Zambia (X tons) - together made up 9.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Zambia (with a CAGR of +52.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones supplying countries in Africa were Kenya ($X), South Africa ($X) and Morocco ($X), with a combined 82% share of total exports. These countries were followed by Tunisia, Swaziland, Zambia and Uganda, which together accounted for a further 14%.

Zambia, with a CAGR of +41.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, rising by 15% against the previous year. Export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing corticosteroid hormones export price decreased by -0.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 59% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Tunisia ($X per ton), while Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+12.3%), while the other leaders experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports in Africa

After two years of growth, supplies from abroad of medicaments containing corticosteroid hormones decreased by -15.4% to X tons in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then shrank rapidly in the following year.

In value terms, medicaments containing corticosteroid hormones imports expanded markedly to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of medicaments containing corticosteroid hormones, namely Ethiopia, Nigeria, South Africa, Algeria and Malawi, represented more than half of total import. The following importers - Kenya (X tons), Morocco (X tons), Democratic Republic of the Congo (X tons), Tanzania (X tons), Zimbabwe (X tons), Cote d'Ivoire (X tons), Egypt (X tons) and Mali (X tons) - together made up 22% of total imports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), South Africa ($X) and Ethiopia ($X) were the countries with the highest levels of imports in 2021, with a combined 55% share of total imports. Morocco, Egypt, Nigeria, Zimbabwe, Kenya, Tanzania, Democratic Republic of the Congo, Cote d'Ivoire, Mali and Malawi lagged somewhat behind, together accounting for a further 31%.

Mali, with a CAGR of +23.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, growing by 31% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Morocco ($X per ton), while Malawi ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zimbabwe (+17.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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