Africa: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Africa

The African medicaments containing hormones market expanded slightly to $X in 2023, surging by X% against the previous year. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Medicaments Containing Hormones Production in Africa

In value terms, medicaments containing hormones production expanded remarkably to $X in 2023 estimated in export price. The total production indicated a prominent 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Medicaments Containing Hormones Exports

Exports in Africa

In 2023, overseas shipments of medicaments containing hormones but not antibiotics increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, medicaments containing hormones exports skyrocketed to $X in 2023. Overall, exports, however, saw a abrupt decline. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa represented the main exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Kenya (X tons) and Nigeria (X tons), together making up a X% share of total exports. The following exporters - Algeria (X tons) and Uganda (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to medicaments containing hormones exports from South Africa stood at X%. At the same time, Nigeria (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Algeria (X%) and Uganda (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Kenya and Algeria increased by X, X and X percentage points, respectively.

In value terms, the largest medicaments containing hormones supplying countries in Africa were South Africa ($X), Nigeria ($X) and Kenya ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Nigeria, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a noticeable expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the export price figures.

Medicaments Containing Hormones Imports

Imports in Africa

In 2023, approx. X tons of medicaments containing hormones but not antibiotics were imported in Africa; increasing by X% on 2022 figures. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, medicaments containing hormones imports dropped sharply to $X in 2023. In general, imports showed a moderate expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Namibia (X tons) and Zambia (X tons) prevails in imports structure, together comprising X% of total imports. Angola (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%). Mauritania (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Angola (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) constitutes the largest market for imported medicaments containing hormones but not antibiotics in Africa, comprising X% of total imports. The second position in the ranking was held by Zambia ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

In Namibia, medicaments containing hormones imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price showed a perceptible descent. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform