South Africa: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in South Africa

In 2021, after two years of decline, there was significant growth in the South African medicaments containing corticosteroid hormones market, when its value increased by 25% to $X. Over the period under review, consumption continues to indicate a strong expansion. Medicaments containing corticosteroid hormones consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from South Africa

In 2021, shipments abroad of medicaments containing corticosteroid hormones increased by 18% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 77%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones exports skyrocketed to $X in 2021. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 216% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Namibia (X tons), Lesotho (X tons) and Zimbabwe (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from South Africa, together accounting for 62% of total exports. Botswana, Kenya, Singapore and Swaziland lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +89.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Botswana ($X) and Kenya ($X) constituted the largest markets for medicaments containing corticosteroid hormones exported from South Africa worldwide, with a combined 60% share of total exports. Zimbabwe, Singapore, Lesotho and Swaziland lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, Singapore, with a CAGR of +103.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, growing by 20% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 79%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Kenya ($X per ton), while the average price for exports to Lesotho ($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 Botswana (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into South Africa

Medicaments containing corticosteroid hormones imports into South Africa surged to X tons in 2021, picking up by 34% on the previous year. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 46% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports skyrocketed to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 57% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to South Africa, with a combined 69% share of total imports. Sweden, France, the UK, Italy, Ireland and Spain lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +70.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to South Africa were Belgium ($X), Germany ($X) and India ($X), together comprising 43% of total imports. Italy, France, Sweden, Ireland, the UK and Spain lagged somewhat behind, together accounting for a further 33%.

Sweden, with a CAGR of +46.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, shrinking by -13.8% against the previous year. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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