South Africa: Vaccine Market 2024

Vaccine Market Size in South Africa

After two years of growth, the South African vaccine market decreased by X% to $X in 2022. Over the period under review, consumption, however, saw a strong expansion. Vaccine consumption peaked at $X in 2021, and then reduced notably in the following year.

Vaccine Production in South Africa

In value terms, vaccine production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Vaccine Exports

Exports from South Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of vaccines for human medicine, when their volume decreased by X% to X tons. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, vaccine exports reduced remarkably to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Belgium (X tons) was the main destination for vaccine exports from South Africa, accounting for a X% share of total exports. Moreover, vaccine exports to Belgium exceeded the volume sent to the second major destination, Botswana (X tons), fivefold. The third position in this ranking was held by Democratic Republic of the Congo (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Democratic Republic of the Congo (X% per year).

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

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

Export Prices by Country

In 2022, the average vaccine export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

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

Vaccine Imports

Imports into South Africa

In 2022, approx. X tons of vaccines for human medicine were imported into South Africa; with a decrease of X% compared with the previous year. Over the period under review, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vaccine imports contracted remarkably to $X in 2022. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Italy (X tons), the United States (X tons) and France (X tons) were the main suppliers of vaccine imports to South Africa, together comprising X% of total imports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

Import Prices by Country

The average vaccine import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 Belgium ($X,850 per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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