Africa: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Africa

The African medicaments containing vitamins market reduced modestly to $X in 2021, flattening at the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Medicaments Containing Vitamins Production in Africa

In value terms, medicaments containing vitamins production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 25% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Medicaments Containing Vitamins Exports

Exports in Africa

In 2021, overseas shipments of medicaments containing vitamins and provitamins decreased by -35.1% to X tons, falling for the second consecutive year after three years of growth. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing vitamins exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 20% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Egypt was the largest exporting country with an export of about X tons, which amounted to 45% of total exports. South Africa (X tons) held the second position in the ranking, followed by Morocco (X tons), Kenya (X tons) and Tanzania (X tons). All these countries together took near 43% share of total exports. Tunisia (X tons) and Uganda (X tons) took a little share of total exports.

Egypt experienced a relatively flat trend pattern with regard to volume of exports of medicaments containing vitamins and provitamins. At the same time, Kenya (+45.6%), Tanzania (+44.1%), Morocco (+24.7%) and Tunisia (+11.4%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of +45.6% from 2012-2021. By contrast, South Africa (-8.7%) and Uganda (-9.7%) illustrated a downward trend over the same period. Morocco (+13 p.p.), Kenya (+6.9 p.p.), Tanzania (+5.6 p.p.) and Tunisia (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Uganda and South Africa saw its share reduced by -3.4% and -18.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest medicaments containing vitamins supplying countries in Africa were Egypt ($X), Morocco ($X) and South Africa ($X), with a combined 79% share of total exports. These countries were followed by Tunisia, Tanzania, Kenya and Uganda, which together accounted for a further 12%.

In terms of the main exporting countries, Tanzania, with a CAGR of +36.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, jumping by 71% against the previous year. Overall, the export price enjoyed tangible growth. The pace of growth appeared the most rapid in 2016 when the export price increased by 72%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+16.0%), while the other leaders experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports in Africa

In 2021, overseas purchases of medicaments containing vitamins and provitamins increased by 9.9% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 38%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments containing vitamins imports stood at $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 25%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Nigeria (X tons), Angola (X tons), Democratic Republic of the Congo (X tons), Tanzania (X tons), Ghana (X tons), Kenya (X tons), Libya (X tons), Somalia (X tons), Cote d'Ivoire (X tons), Madagascar (X tons), South Africa (X tons) and Uganda (X tons) represented roughly 74% of total imports in 2021. Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins importing markets in Africa were South Africa ($X), Ghana ($X) and Libya ($X), with a combined 20% share of total imports. Nigeria, Angola, Cote d'Ivoire, Madagascar, Kenya, Democratic Republic of the Congo, Tanzania, Somalia, Uganda and Sierra Leone lagged somewhat behind, together accounting for a further 36%.

Tanzania, with a CAGR of +26.9%, 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

In 2021, the import price in Africa amounted to $X per ton, which is down by -5.6% against the previous year. Over the period under review, the import price recorded a slight curtailment. The pace of growth was the most pronounced in 2013 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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