Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa - 2024

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa (CIF) - 2024
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa (FOB) - 2024
3. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa
4. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa (CIF) - 2024

In January 2024, the average import price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $42,404 per ton, rising by 1.6% against the previous month. Over the period under review, import price indicated a slight expansion from January 2023 to January 2024: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for pharmaceutical goods; appliances identifiable for ostomy uses decreased by -34.5% against October 2023 indices. The pace of growth was the most pronounced in March 2023 when the average import price increased by 94% m-o-m. Over the period under review, average import prices hit record highs at $64,727 per ton in October 2023; however, from November 2023 to January 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Hungary ($59,227 per ton), while the price for France ($17,844 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced a decline.

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa (FOB) - 2024

In January 2024, the average export price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $27,523 per ton, picking up by 72% against the previous month. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in October 2023 an increase of 373% month-to-month. The export price peaked at $63,372 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Botswana ($56,859 per ton), while the average price for exports to Namibia stood at $22,445 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa

Imports of pharmaceutical goods; appliances identifiable for ostomy uses into South Africa expanded significantly to 184 tons in 2022, surging by 8.4% compared with the year before. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses declined remarkably to $8.4M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of $10M, and then fell dramatically in the following year.

Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to South Africa in 2022:

1. Hungary (60.6 tons)
2. Costa Rica (50.1 tons)
3. United States (36.9 tons)
4. Dominican Republic (14.0 tons)
5. France (9.2 tons)
6. Lithuania (4.6 tons)
7. Denmark (4.1 tons)
8. Slovakia (0.6 tons)

Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in South Africa

In 2022, the amount of pharmaceutical goods; appliances identifiable for ostomy uses exported from South Africa plummeted to 22 tons, reducing by -31.6% against 2021 figures. Overall, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 102% against the previous year. As a result, the exports attained the peak of 33 tons, and then contracted dramatically in the following year.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses dropped significantly to $754K in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 173% against the previous year. As a result, the exports attained the peak of $1.6M, and then dropped significantly in the following year.

Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from South Africa in 2022:

1. Namibia (12.9 tons)
2. Lesotho (7.8 tons)
3. Zimbabwe (0.3 tons)
4. Kenya (0.3 tons)
5. Hungary (0.3 tons)

Source: IndexBox Market Intelligence Platform