South Africa: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in South Africa

The South African medicaments containing vitamins market shrank slightly to $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Vitamins Production in South Africa

In value terms, medicaments containing vitamins production declined slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 71%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Medicaments Containing Vitamins Exports

Exports from South Africa

In 2021, exports of medicaments containing vitamins and provitamins from South Africa reduced remarkably to X tons, shrinking by -26.1% against the year before. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 57% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports reached $X in 2021. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 25%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons) was the main destination for medicaments containing vitamins exports from South Africa, accounting for a 60% share of total exports. Moreover, medicaments containing vitamins exports to Botswana exceeded the volume sent to the second major destination, Namibia (X tons), fourfold. The third position in this ranking was held by Swaziland (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+1.3% per year) and Swaziland (-6.7% per year).

In value terms, Botswana ($X) emerged as the key foreign market for medicaments containing vitamins and provitamins exports from South Africa, comprising 53% of total exports. The second position in the ranking was held by Namibia ($X), with a 25% share of total exports. It was followed by Swaziland, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Botswana totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+7.1% per year) and Swaziland (-7.5% per year).

Export Prices by Country

In 2021, the average medicaments containing vitamins export price amounted to $X per ton, picking up by 37% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing vitamins export price increased by +73.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 41%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Lesotho ($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 Namibia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into South Africa

In 2021, medicaments containing vitamins imports into South Africa soared to X tons, with an increase of 19% compared with 2020 figures. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 68% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, medicaments containing vitamins imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.1% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of medicaments containing vitamins to South Africa, with a 73% share of total imports. Moreover, medicaments containing vitamins imports from Germany exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+12.6% per year) and India (+9.2% per year).

In value terms, Germany ($X), France ($X) and Uruguay ($X) constituted the largest medicaments containing vitamins suppliers to South Africa, with a combined 85% share of total imports. These countries were followed by Australia and India, which together accounted for a further 8.8%.

In terms of the main suppliers, Australia, with a CAGR of +38.9%, saw the highest growth rate of 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

In 2021, the average medicaments containing vitamins import price amounted to $X per ton, with an increase of 4.8% against the previous year. Overall, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 40%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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