South Africa: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in South Africa

The South African medicaments containing corticosteroid hormones market contracted remarkably to $X in 2022, with a decrease of X% 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). Overall, consumption, however, recorded prominent growth. Medicaments containing corticosteroid hormones consumption peaked at $X in 2021, and then contracted notably in the following year.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from South Africa

In 2022, after two years of growth, there was significant decline in overseas shipments of medicaments containing corticosteroid hormones, when their volume decreased by X% to X tons. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones exports reduced to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Namibia (X tons), Zimbabwe (X tons) and Lesotho (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from South Africa, together comprising X% of total exports. Botswana, Mauritius, Kenya and Swaziland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing corticosteroid hormones exported from South Africa were Namibia ($X), Botswana ($X) and Mauritius ($X), together accounting for X% of total exports. Kenya, Zimbabwe, Swaziland and Lesotho lagged somewhat behind, together comprising a further X%.

Kenya, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 medicaments containing corticosteroid hormones export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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

Imports of Medicaments Containing Corticosteroid Hormones

Imports into South Africa

In 2022, approx. X tons of medicaments containing corticosteroid hormones were imported into South Africa; reducing by X% compared with 2021. In general, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, medicaments containing corticosteroid hormones imports reduced to $X in 2022. Over the period under review, total imports indicated notable growth 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. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

India (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Belgium ($X) constituted the largest medicaments containing corticosteroid hormones suppliers to South Africa, together comprising X% of total imports.

Among the main suppliers, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to 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 medicaments containing corticosteroid hormones import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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