SADC: Market for Medicaments Containing Insulin But Not Antibiotics In Measured Doses 2024

Market Size for Medicaments Containing Insulin But Not Antibiotics In Measured Doses in SADC

The SADC prophylactic medicaments containing insulin market reduced slightly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Medicaments Containing Insulin But Not Antibiotics In Measured Doses in SADC

In value terms, prophylactic medicaments containing insulin production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 12%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Exports in SADC

In 2022, overseas shipments of medicaments containing insulin but not antibiotics in measured doses increased by 449% to X tons, rising for the second consecutive year after three years of decline. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 1,164%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, prophylactic medicaments containing insulin exports soared to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 247%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from South Africa (X tons), together accounting for 99.9% of total export.

South Africa was also the fastest-growing in terms of the medicaments containing insulin but not antibiotics in measured doses exports, with a CAGR of +38.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest prophylactic medicaments containing insulin supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled +18.8%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, dropping by -40.9% against the previous year. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in 2019 when the export price increased by 121% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -14.2% per year.

Imports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Imports in SADC

Prophylactic medicaments containing insulin imports dropped to X tons in 2022, shrinking by -2.5% against the year before. Overall, imports, however, saw slight growth. The pace of growth was the most pronounced in 2017 with an increase of 39%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, prophylactic medicaments containing insulin imports shrank dramatically to $X in 2022. In general, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

South Africa dominates imports structure, reaching X tons, which was approx. 83% of total imports in 2022. The following importers - Namibia (X tons), Zimbabwe (X tons) and Mauritius (X tons) - together made up 11% of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of medicaments containing insulin but not antibiotics in measured doses. At the same time, Namibia (+102.4%), Zimbabwe (+11.1%) and Mauritius (+1.7%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in SADC, with a CAGR of +102.4% from 2012-2022. From 2012 to 2022, the share of Namibia and Zimbabwe increased by +4.1 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported medicaments containing insulin but not antibiotics in measured doses in SADC, comprising 87% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a 3.6% share of total imports. It was followed by Mauritius, with a 2% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -2.3%. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+19.0% per year) and Mauritius (-1.7% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, dropping by -40.3% against the previous year. In general, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by 33%. As a result, import price reached the peak level of $X per ton, and then reduced markedly in the following year.

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 South Africa ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+7.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform