Kenya: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Kenya

The Kenyan medicaments containing hormones market rose rapidly to $X in 2022, with an increase of X% against the previous year. In general, consumption showed buoyant growth. Medicaments containing hormones consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Hormones Production in Kenya

In value terms, medicaments containing hormones production totaled $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Medicaments Containing Hormones Exports

Exports from Kenya

In 2022, shipments abroad of medicaments containing hormones but not antibiotics decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, medicaments containing hormones exports reduced rapidly to $X in 2022. Overall, exports continue to indicate a sharp decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Zambia (X tons) was the main destination for medicaments containing hormones exports from Kenya, with a X% share of total exports. Moreover, medicaments containing hormones exports to Zambia exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), sevenfold. Burundi (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Burundi (X% per year).

In value terms, Zambia ($X) remains the key foreign market for medicaments containing hormones but not antibiotics exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Burundi ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Zambia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average medicaments containing hormones export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Somalia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Hormones Imports

Imports into Kenya

After three years of growth, purchases abroad of medicaments containing hormones but not antibiotics decreased by X% to X tons in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing hormones imports surged to $X in 2022. In general, imports faced a precipitous decline. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Pakistan (X tons), the Netherlands (X tons) and Tanzania (X tons) were the main suppliers of medicaments containing hormones imports to Kenya, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Pakistan ($X), Tanzania ($X) and the Netherlands ($X) constituted the largest medicaments containing hormones suppliers to Kenya, with a combined X% share of total imports.

Among the main suppliers, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average medicaments containing hormones import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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