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

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

In 2022, the SADC penicillins or streptomycins medicaments market decreased by -3.3% to $X, falling for the fourth year in a row after two years of growth. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -28.4% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in SADC

In value terms, penicillins or streptomycins medicaments production reduced modestly to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 36% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in SADC

In 2022, the amount of medicaments of penicillins, streptomycins or derivatives thereof exported in SADC skyrocketed to X tons, picking up by 72% on the previous year. Overall, exports recorded resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 172% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, penicillins or streptomycins medicaments exports shrank to $X in 2022. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 166% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, South Africa (X tons) was the major exporter of medicaments of penicillins, streptomycins or derivatives thereof in SADC, achieving 99% of total export.

South Africa was also the fastest-growing in terms of the medicaments of penicillins, streptomycins or derivatives thereof exports, with a CAGR of +18.2% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest penicillins or streptomycins medicaments supplier in SADC.

In South Africa, penicillins or streptomycins medicaments exports expanded at an average annual rate of +16.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, dropping by -49.4% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 63% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 -1.6% per year.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in SADC

In 2022, penicillins or streptomycins medicaments imports in SADC amounted to X tons, remaining relatively unchanged against 2021 figures. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports rose markedly to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 56%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Democratic Republic of the Congo (X tons) and South Africa (X tons) represented roughly 51% of total imports in 2022. Angola (X tons) took the next position in the ranking, followed by Tanzania (X tons), Mozambique (X tons) and Madagascar (X tons). All these countries together held near 40% share of total imports. The following importers - Lesotho (X tons) and Swaziland (X tons) - each amounted to a 3.7% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mozambique (with a CAGR of +40.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments importing markets in SADC were South Africa ($X), Democratic Republic of the Congo ($X) and Angola ($X), together comprising 72% of total imports. Tanzania, Mozambique, Madagascar, Swaziland and Lesotho lagged somewhat behind, together comprising a further 23%.

Mozambique, with a CAGR of +31.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with an increase of 8.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform