SADC: Biological Product Market 2024

Biological Product Market Size in SADC

The SADC biological product market declined slightly to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a mild expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Biological Product Production in SADC

In value terms, biological product production expanded significantly to $X in 2023 estimated in export price. In general, production recorded resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Biological Product Exports

Exports in SADC

In 2023, the amount of biological products exported in SADC shrank notably to X tons, with a decrease of X% against the previous year. Overall, exports faced a abrupt setback. The growth pace was the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, biological product exports dropped notably to $X in 2023. Over the period under review, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa represented the key exporter of biological products in SADC, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Namibia (X tons), Tanzania (X tons) and Swaziland (X tons), together making up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to biological product exports from South Africa stood at X%. At the same time, Namibia (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. By contrast, Swaziland (X%) illustrated a downward trend over the same period. Namibia (X p.p.), Tanzania (X p.p.) and Swaziland (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest biological product supplying countries in SADC were South Africa ($X), Swaziland ($X) and Namibia ($X), together comprising X% of total exports.

Among the main exporting countries, Namibia, 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

The export price in SADC stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then dropped remarkably in the following year.

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 Swaziland ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Biological Product Imports

Imports in SADC

In 2023, supplies from abroad of biological products decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, biological product imports reduced to $X in 2023. In general, imports continue to indicate a slight decrease. The growth pace was the most rapid in 2021 when imports increased by X%. 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, South Africa (X tons), distantly followed by Angola (X tons), Democratic Republic of the Congo (X tons), Malawi (X tons), Zimbabwe (X tons) and Lesotho (X tons) were the key importers of biological products, together making up X% of total imports. Swaziland (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 leading 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, South Africa ($X) constitutes the largest market for imported biological products in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with an X% share of total imports. It was followed by Malawi, with a X% share.

In South Africa, biological product imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Malawi (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

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 Malawi ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform