SADC: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in SADC

In 2021, the SADC medicaments containing corticosteroid hormones market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Production of Medicaments Containing Corticosteroid Hormones in SADC

In value terms, medicaments containing corticosteroid hormones production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports of Medicaments Containing Corticosteroid Hormones

Exports in SADC

In 2021, shipments abroad of medicaments containing corticosteroid hormones increased by 7.1% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a pronounced contraction. The growth pace was the most rapid in 2020 when exports increased by 72%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones exports surged to $X in 2021. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 145%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

In 2021, South Africa (X tons) represented the main exporter of medicaments containing corticosteroid hormones, comprising 82% of total exports. Swaziland (X tons) took the second position in the ranking, distantly followed by Zambia (X tons). All these countries together held near 18% share of total exports.

Exports from South Africa decreased at an average annual rate of -4.0% from 2012 to 2021. At the same time, Zambia (+52.4%) and Swaziland (+21.7%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +52.4% from 2012-2021. Swaziland (+11 p.p.) and Zambia (+5.3 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -14.6% from 2012 to 2021, respectively.

In value terms, South Africa ($X) remains the largest medicaments containing corticosteroid hormones supplier in SADC, comprising 83% of total exports. The second position in the ranking was held by Swaziland ($X), with a 12% share of total exports.

In South Africa, medicaments containing corticosteroid hormones exports expanded at an average annual rate of +7.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (+22.1% per year) and Zambia (+41.6% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, picking up by 19% against the previous year. Overall, the export price saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by 52%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+12.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Medicaments Containing Corticosteroid Hormones

Imports in SADC

In 2021, approx. X tons of medicaments containing corticosteroid hormones were imported in SADC; increasing by 17% on the previous year. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 89%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 59%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

South Africa (X tons) and Malawi (X tons) represented roughly 60% of total imports in 2021. Democratic Republic of the Congo (X tons) ranks next in terms of the total imports with a 9.9% share, followed by Tanzania (9.9%), Zimbabwe (7.2%) and Botswana (4.9%). Angola (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Botswana (with a CAGR of +35.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported medicaments containing corticosteroid hormones in SADC, comprising 71% of total imports. The second position in the ranking was held by Zimbabwe ($X), with an 11% share of total imports. It was followed by Tanzania, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at +5.4%. In the other countries, the average annual rates were as follows: Zimbabwe (+14.2% per year) and Tanzania (+12.8% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, with an increase of 2.4% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing corticosteroid hormones import price decreased by -22.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 116% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per ton), while Malawi ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zimbabwe (+17.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform