Algeria: Market for Medicaments Containing Insulin But Not Antibiotics In Measured Doses 2024

Market Size for Medicaments Containing Insulin But Not Antibiotics In Measured Doses in Algeria

In 2022, the Algerian prophylactic medicaments containing insulin market decreased by -0.8% to $X for the first time since 2018, thus ending a three-year rising trend. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +149.4% against 2018 indices. Prophylactic medicaments containing insulin consumption peaked at $X in 2021, and then fell in the following year.

Exports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Exports from Algeria

In 2022, the amount of medicaments containing insulin but not antibiotics in measured doses exported from Algeria totaled X kg, almost unchanged from the year before. Over the period under review, exports continue to indicate a deep reduction. The smallest decline of -69.2% was in 2017. The exports peaked at X kg in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, prophylactic medicaments containing insulin exports skyrocketed to $X in 2022. Overall, exports showed a sharp shrinkage. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X kg) and South Korea (X kg) were the main destinations of prophylactic medicaments containing insulin exports from Algeria.

From 2016 to 2022, the biggest increases were recorded for South Africa (with a CAGR of 0.0%).

In value terms, the largest markets for prophylactic medicaments containing insulin exported from Algeria were South Korea ($X) and South Africa ($X).

South Africa, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average prophylactic medicaments containing insulin export price amounted to $X per ton, surging by 30% against the previous year. In general, the export price, however, showed a deep downturn. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to South Africa amounted to $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-6.0%).

Imports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Imports into Algeria

In 2022, supplies from abroad of medicaments containing insulin but not antibiotics in measured doses increased by 1.5% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 91%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, prophylactic medicaments containing insulin imports dropped to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +137.9% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 107% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest prophylactic medicaments containing insulin supplier to Algeria, accounting for a 32% share of total imports. Moreover, prophylactic medicaments containing insulin imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.7% per year) and Denmark (-12.9% per year).

In value terms, Germany ($X) constituted the largest supplier of medicaments containing insulin but not antibiotics in measured doses to Algeria, comprising 38% of total imports. The second position in the ranking was taken by France ($X), with a 9.6% share of total imports. It was followed by Denmark, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.1% per year) and Denmark (-20.2% per year).

Import Prices by Country

The average prophylactic medicaments containing insulin import price stood at $X per ton in 2022, declining by -3.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 51%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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