South Africa: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in South Africa

The South African medicaments containing hormones market amounted to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, posted a resilient increase. Medicaments containing hormones consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Hormones Production in South Africa

In value terms, medicaments containing hormones production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Medicaments Containing Hormones Exports

Exports from South Africa

In 2022, shipments abroad of medicaments containing hormones but not antibiotics increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing hormones exports surged to $X in 2022. In general, exports, however, recorded a dramatic downturn. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Lesotho (X tons) was the main destination for medicaments containing hormones exports from South Africa, with a X% share of total exports. Moreover, medicaments containing hormones exports to Lesotho exceeded the volume sent to the second major destination, Namibia (X tons), more than tenfold. Botswana (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lesotho stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Botswana (X% per year).

In value terms, Lesotho ($X), Namibia ($X) and Botswana ($X) were the largest markets for medicaments containing hormones exported from South Africa worldwide, with a combined X% share of total exports.

Botswana, with a CAGR of X%, 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 a decline.

Export Prices by Country

In 2022, the average medicaments containing hormones export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a abrupt setback. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Namibia ($X per ton), while the average price for exports to Lesotho ($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 Swaziland (X%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Hormones Imports

Imports into South Africa

In 2022, purchases abroad of medicaments containing hormones but not antibiotics increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing hormones imports surged to $X in 2022. Over the period under review, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest medicaments containing hormones supplier to South Africa, with a X% share of total imports. Moreover, medicaments containing hormones imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of medicaments containing hormones but not antibiotics to South Africa, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

Import Prices by Country

The average medicaments containing hormones import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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