Kenya: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Kenya

In 2021, the Kenyan medicaments containing vitamins market was finally on the rise to reach $X after two years of decline. In general, consumption showed a buoyant expansion. 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 Vitamins Exports

Exports from Kenya

In 2021, the amount of medicaments containing vitamins and provitamins exported from Kenya surged to X tons, with an increase of 78% compared with 2020 figures. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of 452%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, medicaments containing vitamins exports surged to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 234% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Tanzania (X tons) was the main destination for medicaments containing vitamins exports from Kenya, accounting for a 53% share of total exports. Moreover, medicaments containing vitamins exports to Tanzania exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. Mozambique (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Tanzania totaled +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (0.0% per year) and Mozambique (+37.8% per year).

In value terms, Nigeria ($X), Tanzania ($X) and Mozambique ($X) appeared to be the largest markets for medicaments containing vitamins exported from Kenya worldwide, together comprising 62% of total exports. Malawi, Uganda, Djibouti and Somalia lagged somewhat behind, together accounting for a further 10%.

Malawi, with a CAGR of +61.7%, 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 more modest paces of growth.

Export Prices by Country

The average medicaments containing vitamins export price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 94%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Tanzania ($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 Somalia (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Vitamins Imports

Imports into Kenya

In 2021, supplies from abroad of medicaments containing vitamins and provitamins increased by 179% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 215% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, medicaments containing vitamins imports surged to $X in 2021. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 174% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Cyprus (X tons) and the UK (X tons) were the main suppliers of medicaments containing vitamins imports to Kenya, with a combined 83% share of total imports. China, Saudi Arabia, South Korea and Ireland lagged somewhat behind, together accounting for a further 6.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +60.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins suppliers to Kenya were India ($X), the UK ($X) and Cyprus ($X), with a combined 65% share of total imports.

Cyprus, with a CAGR of +31.6%, recorded 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 more modest paces of growth.

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2021, declining by -6.4% against the previous year. In general, the import price showed a slight slump. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Saudi Arabia ($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 UK (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :