South Africa: Market for Medicaments Containing Insulin But Not Antibiotics In Measured Doses 2024

Market Size for Medicaments Containing Insulin But Not Antibiotics In Measured Doses in South Africa

The South African prophylactic medicaments containing insulin market declined notably to $X in 2022, shrinking by -25.3% against the previous year. In general, consumption, however, recorded a mild decline. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Medicaments Containing Insulin But Not Antibiotics In Measured Doses in South Africa

In value terms, prophylactic medicaments containing insulin production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Exports from South Africa

In 2022, overseas shipments of medicaments containing insulin but not antibiotics in measured doses increased by 466% to X tons, rising for the second consecutive year after three years of decline. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,197%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, prophylactic medicaments containing insulin exports skyrocketed to $X in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 259%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Namibia (X tons) was the main destination for prophylactic medicaments containing insulin exports from South Africa, accounting for a 99% share of total exports. It was followed by Botswana (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Namibia stood at +177.3%.

In value terms, Namibia ($X) remains the key foreign market for medicaments containing insulin but not antibiotics in measured doses exports from South Africa, comprising 98% of total exports. The second position in the ranking was taken by Botswana ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Namibia stood at +146.5%.

Export Prices by Country

In 2022, the average prophylactic medicaments containing insulin export price amounted to $X per ton, with a decrease of -40.3% against the previous year. Overall, the export price faced a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 112% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 Botswana ($X per ton), while the average price for exports to Namibia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+14.0%).

Imports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Imports into South Africa

Prophylactic medicaments containing insulin imports into South Africa contracted to X tons in 2022, with a decrease of -5.4% on the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 25%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, prophylactic medicaments containing insulin imports contracted dramatically to $X in 2022. Over the period under review, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of prophylactic medicaments containing insulin to South Africa, with a 63% share of total imports. Moreover, prophylactic medicaments containing insulin imports from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.7% per year) and Italy (+223.7% per year).

In value terms, Brazil ($X) constituted the largest supplier of medicaments containing insulin but not antibiotics in measured doses to South Africa, comprising 49% of total imports. The second position in the ranking was taken by Germany ($X), with a 24% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.3% per year) and Italy (+253.8% per year).

Import Prices by Country

The average prophylactic medicaments containing insulin import price stood at $X per ton in 2022, with a decrease of -43% against the previous year. Overall, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44%. As a result, import price reached the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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