Kenya: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Kenya

In 2022, the Kenyan penicillins or streptomycins medicaments market increased by 4.8% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption recorded modest growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Kenya

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were exported from Kenya; rising by 16% on the previous year. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 198%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 186% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Somalia (X tons), Mozambique (X tons) and South Sudan (X tons) were the main destinations of penicillins or streptomycins medicaments exports from Kenya, together comprising 55% of total exports. Tanzania, Burundi, Zimbabwe, Malawi, Zambia, Ethiopia, Sudan, Rwanda, Djibouti and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malawi (with a CAGR of +94.8%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Somalia ($X) and Tanzania ($X) constituted the largest markets for penicillins or streptomycins medicaments exported from Kenya worldwide, together accounting for 45% of total exports. Ethiopia, Mozambique, South Sudan, Rwanda, Zambia, Djibouti, Malawi, Democratic Republic of the Congo, Burundi and Sudan lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, Malawi, with a CAGR of +94.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, growing by 1.5% against the previous year. Overall, the export price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2015 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Burundi ($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 Rwanda (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Kenya

In 2022, supplies from abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 27% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports continue to indicate a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of 141% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, penicillins or streptomycins medicaments imports declined slightly to $X in 2022. In general, imports posted a slight expansion. The pace of growth was the most pronounced in 2014 when imports increased by 115%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of penicillins or streptomycins medicaments to Kenya, accounting for a 64% share of total imports. Moreover, penicillins or streptomycins medicaments imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.7% per year) and France (+24.6% per year).

In value terms, the largest penicillins or streptomycins medicaments suppliers to Kenya were India ($X), China ($X) and the UK ($X), with a combined 81% share of total imports. France, Ireland, Oman and Pakistan lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Ireland, with a CAGR of +178.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, falling by -24.5% against the previous year. In general, the import price showed a perceptible decline. The pace of growth was the most pronounced in 2015 an increase of 44%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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