South Africa: Vaccine Market 2024

Vaccine Market Size in South Africa

The South African vaccine market contracted remarkably to $X in 2022, with a decrease of -31.5% 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). In general, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Vaccine Exports

Exports from South Africa

Vaccine exports from South Africa fell to X tons in 2022, with a decrease of -5.2% compared with the previous year's figure. Over the period under review, exports, however, recorded a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of 159% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, vaccine exports reduced modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 201% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for vaccine exports from South Africa, with a 95% share of total exports. It was followed by Botswana (X tons), with a 2.8% share of total exports. The third position in this ranking was taken by Namibia (X kg), with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled +141.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-21.5% per year) and Namibia (-26.9% per year).

In value terms, Belgium ($X) remains the key foreign market for vaccines for human medicine exports from South Africa, comprising 99% of total exports. The second position in the ranking was held by Namibia ($X), with a 0.5% share of total exports. It was followed by Botswana, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled +95.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-32.2% per year) and Botswana (-32.6% per year).

Export Prices by Country

The average vaccine export price stood at $X per ton in 2022, growing by 2.5% against the previous year. Overall, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 51%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Botswana ($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 (-4.2%), while the prices for the other major destinations experienced a decline.

Vaccine Imports

Imports into South Africa

In 2022, the amount of vaccines for human medicine imported into South Africa contracted notably to X tons, declining by -28.9% against the previous year's figure. Over the period under review, imports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2021 when imports increased by 390%. As a result, imports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, vaccine imports contracted dramatically to $X in 2022. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 177%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of vaccine to South Africa, with a 66% share of total imports. Moreover, vaccine imports from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.3% per year) and Italy (+37.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of vaccines for human medicine to South Africa, comprising 45% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by France, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.5% per year) and France (-2.1% per year).

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per ton, falling by -4.2% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vaccine import price decreased by -45.9% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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