SADC: Biological Product Market 2024

Biological Product Market Size in SADC

The SADC biological product market shrank rapidly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, posted a mild expansion. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Biological Product Production in SADC

In value terms, biological product production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Biological Product Exports

Exports in SADC

In 2022, approx. X tons of biological products were exported in SADC; declining by X% compared with the previous year's figure. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, biological product exports dropped dramatically to $X in 2022. Over the period under review, exports showed a pronounced setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

In 2022, South Africa (X tons) was the key exporter of biological products, achieving X% of total exports. Mauritius (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Swaziland (X%).

From 2012 to 2022, average annual rates of growth with regard to biological product exports from South Africa stood at X%. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Swaziland (X%) illustrated a downward trend over the same period. Mauritius (X p.p.) and Swaziland (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X), Mauritius ($X) and Swaziland ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Mauritius, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, surging by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Biological Product Imports

Imports in SADC

In 2022, the amount of biological products imported in SADC declined rapidly to X tons, falling by X% on the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, biological product imports declined notably to $X in 2022. In general, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Angola (X tons) and South Africa (X tons) represented the major importers of biological products in 2022, recording near X% and X% of total imports, respectively. It was distantly followed by Mozambique (X tons) and Zimbabwe (X tons), together making up a X% share of total imports. The following importers - Malawi (X tons), Lesotho (X tons) and Swaziland (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), South Africa ($X) and Zimbabwe ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Angola, with a CAGR of X%, 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 import price in SADC amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform