South Africa: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in South Africa

The South African penicillins or streptomycins medicaments market fell significantly to $X in 2022, dropping by -19.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep setback. Penicillins or streptomycins medicaments consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from South Africa

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were exported from South Africa; with an increase of 77% on 2021. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 173%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, penicillins or streptomycins medicaments exports dropped to $X in 2022. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 173% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Mozambique (X tons), Swaziland (X tons) and Botswana (X tons) were the main destinations of penicillins or streptomycins medicaments exports from South Africa, with a combined 89% share of total exports. Namibia, Zambia, Lesotho and Kenya lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +55.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X), Botswana ($X) and Mozambique ($X) were the largest markets for penicillins or streptomycins medicaments exported from South Africa worldwide, together comprising 67% of total exports. Namibia, Zambia, Lesotho and Kenya lagged somewhat behind, together comprising a further 19%.

Zambia, with a CAGR of +64.1%, 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 more modest paces of growth.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, falling by -47.9% against the previous year. Over the period under review, the export price saw a mild reduction. The growth pace was the most rapid in 2017 an increase of 67%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Mozambique ($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 Kenya (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into South Africa

In 2022, purchases abroad of medicaments of penicillins, streptomycins or derivatives thereof was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 56% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to South Africa, with a combined 83% share of total imports. Spain, Germany, France, China, the UK and Switzerland lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +50.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to South Africa were India ($X), Austria ($X) and Italy ($X), with a combined 81% share of total imports. The UK, Spain, Germany, France, China and Switzerland lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Germany, with a CAGR of +48.6%, recorded 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

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, declining by -10.9% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 UK ($X per ton), while the price for China ($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 UK (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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