South Africa: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in South Africa

The South African medicaments containing vitamins market was estimated at $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Medicaments Containing Vitamins Production in South Africa

In value terms, medicaments containing vitamins production rose rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Medicaments Containing Vitamins Exports

Exports from South Africa

In 2023, the amount of medicaments containing vitamins and provitamins exported from South Africa contracted remarkably to X tons, dropping by X% on the year before. In general, exports saw a deep reduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing vitamins exports shrank significantly to $X in 2023. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

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

From 2012 to 2023, the average annual growth rate of value to Namibia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Zimbabwe (X% per year).

Export Prices by Country

In 2023, the average medicaments containing vitamins export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into South Africa

In 2023, medicaments containing vitamins imports into South Africa totaled X tons, picking up by X% against the year before. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins imports totaled $X in 2023. Overall, total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of medicaments containing vitamins to South Africa, with a X% share of total imports. Moreover, medicaments containing vitamins imports from Germany exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), eightfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and India (X% per year).

In value terms, the largest medicaments containing vitamins suppliers to South Africa were Germany ($X), France ($X) and Uruguay ($X), with a combined X% share of total imports. India, the Netherlands and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, 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

In 2023, the average medicaments containing vitamins import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform