Kenya: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Kenya

The Kenyan medicaments containing corticosteroid hormones market declined modestly to $X in 2021, shrinking by -4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Kenya

In 2021, the amount of medicaments containing corticosteroid hormones exported from Kenya skyrocketed to X tons, with an increase of 40% against 2020. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 236%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, medicaments containing corticosteroid hormones exports surged to $X in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 163% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Tanzania (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Kenya, with a approx. 91% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Tanzania totaled +42.5%.

In value terms, Tanzania ($X) also remains the key foreign market for medicaments containing corticosteroid hormones exports from Kenya.

From 2012 to 2021, the average annual growth rate of value to Tanzania totaled +38.6%.

Export Prices by Country

The average medicaments containing corticosteroid hormones export price stood at $X per ton in 2021, falling by -2.5% against the previous year. Overall, the export price showed a perceptible setback. The growth pace was the most rapid in 2013 an increase of 27%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2012 to 2021, the rate of growth in terms of prices for Tanzania amounted to -2.7% per year.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Kenya

In 2021, the amount of medicaments containing corticosteroid hormones imported into Kenya surged to X tons, growing by 24% against 2020 figures. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 77% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, medicaments containing corticosteroid hormones imports reduced to $X in 2021. In general, imports continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of 39% against the previous year. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to Kenya, with a 75% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), eightfold. China (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (-1.4% per year) and China (-12.3% per year).

In value terms, India ($X) constituted the largest supplier of medicaments containing corticosteroid hormones to Kenya, comprising 28% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Pakistan, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.3% per year) and Pakistan (+1.2% per year).

Import Prices by Country

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, declining by -24.9% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 68% against the previous year. The import price peaked at $X per ton in 2020, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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