South Africa: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in South Africa

The South African medical gel preparations market expanded notably to $X in 2022, surging by 9.6% against the previous year. In general, consumption, however, saw a mild downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in South Africa

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Medical Gel Preparations Exports

Exports from South Africa

In 2022, approx. X tons of gel preparations for human or veterinary medicine were exported from South Africa; with a decrease of -57.6% on the previous year's figure. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 797%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, medical gel preparations exports declined rapidly to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 311%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Namibia (X tons) was the main destination for medical gel preparations exports from South Africa, with a 43% share of total exports. Moreover, medical gel preparations exports to Namibia exceeded the volume sent to the second major destination, Botswana (X tons), threefold. The third position in this ranking was held by Lesotho (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-13.5% per year) and Lesotho (-0.7% per year).

In value terms, Namibia ($X), Botswana ($X) and Swaziland ($X) appeared to be the largest markets for medical gel preparations exported from South Africa worldwide, together comprising 71% of total exports. The Netherlands, Zambia, Lesotho, Mozambique and Zimbabwe lagged somewhat behind, together comprising a further 24%.

The Netherlands, with a CAGR of +48.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average medical gel preparations export price amounted to $X per ton, surging by 24% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medical gel preparations export price increased by +86.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 96% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into South Africa

Medical gel preparations imports into South Africa soared to X tons in 2022, with an increase of 44% on the previous year. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 140%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, medical gel preparations imports skyrocketed to $X in 2022. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 248% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of medical gel preparations to South Africa, with a 45% share of total imports. Moreover, medical gel preparations imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.6% per year) and the United States (+12.4% per year).

In value terms, China ($X), the United States ($X) and Thailand ($X) were the largest medical gel preparations suppliers to South Africa, with a combined 55% share of total imports. The UK, Turkey, Sweden, India and Austria lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Turkey, with a CAGR of +65.4%, saw 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 medical gel preparations import price stood at $X per ton in 2022, declining by -18% against the previous year. Over the period under review, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 57% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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