Africa: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Africa

The African penicillins or streptomycins medicaments market soared to $X in 2022, with an increase of 36% against the previous year. In general, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Africa

In value terms, penicillins or streptomycins medicaments production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in Africa

In 2022, the amount of medicaments of penicillins, streptomycins or derivatives thereof exported in Africa soared to X tons, with an increase of 58% against the year before. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 107%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, penicillins or streptomycins medicaments exports soared to $X in 2022. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by 84% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, South Africa (X tons) was the largest exporter of medicaments of penicillins, streptomycins or derivatives thereof, comprising 59% of total exports. Morocco (X tons) held the second position in the ranking, distantly followed by Egypt (X tons). All these countries together took approx. 35% share of total exports. Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of +42.2%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) remains the largest penicillins or streptomycins medicaments supplier in Africa, comprising 58% of total exports. The second position in the ranking was taken by South Africa ($X), with a 24% share of total exports. It was followed by Egypt, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco amounted to +46.7%. In the other countries, the average annual rates were as follows: South Africa (+16.3% per year) and Egypt (+1.6% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, declining by -26.9% against the previous year. Overall, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2017 when the export price increased by 35%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then dropped markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+7.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in Africa

In 2022, penicillins or streptomycins medicaments imports in Africa soared to X tons, increasing by 28% compared with the previous year's figure. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports skyrocketed to $X in 2022. Overall, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Egypt (X tons) and Kenya (X tons) represented the largest importers of medicaments of penicillins, streptomycins or derivatives thereof, together generating 51% of total imports. The following importers - Democratic Republic of the Congo (X tons), Benin (X tons), Ghana (X tons), Cameroon (X tons), South Africa (X tons), Togo (X tons), Ethiopia (X tons), Guinea (X tons), Cote d'Ivoire (X tons) and Angola (X tons) - together made up 29% of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported medicaments of penicillins, streptomycins or derivatives thereof in Africa, comprising 45% of total imports. The second position in the ranking was taken by Nigeria ($X), with an 11% share of total imports. It was followed by South Africa, with a 4.3% share.

In Egypt, penicillins or streptomycins medicaments imports expanded at an average annual rate of +18.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (+11.2% per year) and South Africa (-2.3% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by 4.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 27%. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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