Kenya: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Kenya

After two years of decline, the Kenyan medicaments containing penicillin market increased by 12% to $X in 2021. Over the period under review, consumption posted resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Penicillin Production in Kenya

In value terms, medicaments containing penicillin production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate temperate growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 86% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports from Kenya

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof increased by 354% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a sharp setback. The growth pace was the most rapid in 2017 when exports increased by 1,514%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports surged to $X in 2021. In general, exports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 1,827% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for medicaments containing penicillin exports from Kenya, accounting for a 79% share of total exports. Moreover, medicaments containing penicillin exports to Sudan exceeded the volume sent to the second major destination, Rwanda (X kg), sevenfold. Democratic Republic of the Congo (X kg) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sudan totaled -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-16.0% per year) and Democratic Republic of the Congo (-3.4% per year).

In value terms, Sudan ($X), Democratic Republic of the Congo ($X) and Rwanda ($X) constituted the largest markets for medicaments containing penicillin exported from Kenya worldwide, together accounting for 99% of total exports.

Democratic Republic of the Congo, with a CAGR of +11.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2021, rising by 13% against the previous year. In general, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 44% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (+278.2%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into Kenya

In 2021, purchases abroad of medicaments containing penicillins or derivatives thereof was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 433% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports soared to $X in 2021. Overall, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 1,134% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of medicaments containing penicillin to Kenya, with a 79% share of total imports. Moreover, medicaments containing penicillin imports from Sweden exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), sixfold. India (X kg) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+21.3% per year) and India (-27.9% per year).

In value terms, the largest medicaments containing penicillin suppliers to Kenya were Sweden ($X), India ($X) and the United Arab Emirates ($X), with a combined 91% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +26.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, with a decrease of -16.9% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 131% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then declined markedly in the following year.

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 ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+59.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :