Kenya: Medicaments Containing Insulin Market 2024

Medicaments Containing Insulin Market Size in Kenya

In 2021, the Kenyan medicaments containing insulin market increased by 2.5% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Medicaments containing insulin consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Medicaments Containing Insulin Production in Kenya

In value terms, medicaments containing insulin production expanded slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.7% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Medicaments Containing Insulin Exports

Exports from Kenya

In 2021, shipments abroad of medicaments containing insulin but not antibiotics decreased by -8.9% to X kg, falling for the third consecutive year after seven years of growth. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of 764%. Over the period under review, the exports attained the peak figure at X kg in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing insulin exports shrank significantly to $X in 2021. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 69% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Somalia (X kg) was the main destination for medicaments containing insulin exports from Kenya, accounting for a 97% share of total exports. It was followed by South Sudan (X kg), with a 2.9% share of total exports.

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

In value terms, Somalia ($X) remains the key foreign market for medicaments containing insulin but not antibiotics exports from Kenya, comprising 93% of total exports. The second position in the ranking was held by South Sudan ($X), with a 1.1% share of total exports.

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

Export Prices by Country

In 2021, the average medicaments containing insulin export price amounted to $X per ton, shrinking by -13.1% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 8.4% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to South Sudan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (-3.4%).

Medicaments Containing Insulin Imports

Imports into Kenya

In 2021, approx. X kg of medicaments containing insulin but not antibiotics were imported into Kenya; waning by -13.6% on 2020. In general, imports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2016 with an increase of 83% against the previous year. Imports peaked at X kg in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, medicaments containing insulin imports contracted rapidly to $X in 2021. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X kg), Faroe Islands (X kg) and the UK (X kg) were the main suppliers of medicaments containing insulin imports to Kenya, together accounting for 82% of total imports. The Netherlands and France lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest medicaments containing insulin suppliers to Kenya were the UK ($X), the Netherlands ($X) and India ($X), together accounting for 89% of total imports. These countries were followed by Faroe Islands and France, which together accounted for a further 7.7%.

Faroe Islands, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average medicaments containing insulin import price amounted to $X per ton, falling by -37.1% against the previous year. In general, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 81% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Faroe Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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