South Africa: Antibiotic Market 2024

Antibiotic Market Size in South Africa

The South African antibiotic market declined significantly to $X in 2021, dropping by -19.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a pronounced decrease. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Antibiotic Exports

Exports from South Africa

In 2021, antibiotic exports from South Africa soared to X tons, rising by 17% on the year before. In general, exports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 57%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, antibiotic exports expanded notably to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 70%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Namibia (X tons) was the main destination for antibiotic exports from South Africa, accounting for a 50% share of total exports. Moreover, antibiotic exports to Namibia exceeded the volume sent to the second major destination, Zimbabwe (X tons), fourfold. The third position in this ranking was taken by Mozambique (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Namibia totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-13.2% per year) and Mozambique (+9.3% per year).

In value terms, Namibia ($X) remains the key foreign market for antibiotics exports from South Africa, comprising 73% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 6.8% share of total exports. It was followed by Guatemala, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Namibia amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-12.3% per year) and Guatemala (0.0% per year).

Export Prices by Country

The average antibiotic export price stood at $X per ton in 2021, which is down by -3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2017 an increase of 33%. The export price peaked at $X per ton in 2020, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into South Africa

Antibiotic imports into South Africa shrank notably to X tons in 2021, reducing by -26.4% against 2020 figures. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 63% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, antibiotic imports rose significantly to $X in 2021. Overall, imports continue to indicate a slight downturn. The growth pace was the most rapid in 2013 when imports increased by 27%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest antibiotic supplier to South Africa, accounting for a 55% share of total imports. Moreover, antibiotic imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.1% per year) and Bulgaria (0.0% per year).

In value terms, China ($X), India ($X) and Italy ($X) were the largest antibiotic suppliers to South Africa, with a combined 92% share of total imports.

In terms of the main suppliers, India, with a CAGR of +25.7%, 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

The average antibiotic import price stood at $X per ton in 2021, surging by 46% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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