Africa: Medicaments Containing Insulin Market 2024

Medicaments Containing Insulin Market Size in Africa

In 2023, after two years of decline, there was significant growth in the African medicaments containing insulin market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a noticeable shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Medicaments Containing Insulin Production in Africa

In value terms, medicaments containing insulin production rose significantly to $X in 2023 estimated in export price. The total production indicated a slight expansion 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 growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

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Medicaments Containing Insulin Exports

Exports in Africa

In 2023, the amount of medicaments containing insulin but not antibiotics exported in Africa dropped to X tons, which is down by X% against the previous year's figure. In general, exports continue to indicate a sharp decline. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, medicaments containing insulin exports reduced markedly to $X in 2023. Overall, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Kenya prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by South Africa (X kg), constituting an X% share of total exports.

Kenya was also the fastest-growing in terms of the medicaments containing insulin but not antibiotics exports, with a CAGR of X% from 2012 to 2023. South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Kenya increased by X percentage points.

In value terms, Kenya ($X) emerged as the largest medicaments containing insulin supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

In Kenya, medicaments containing insulin exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Kenya amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Medicaments Containing Insulin Imports

Imports in Africa

In 2023, purchases abroad of medicaments containing insulin but not antibiotics increased by X% to X tons for the first time since 2018, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, medicaments containing insulin imports soared to $X in 2023. In general, imports, however, saw a deep reduction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Tunisia (X tons), Ethiopia (X tons), Egypt (X tons), Senegal (X tons) and Burundi (X tons), together comprising a X% share of total imports. Democratic Republic of the Congo (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to medicaments containing insulin imports into Nigeria stood at X%. At the same time, Senegal (X%), Burundi (X%), Democratic Republic of the Congo (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Ethiopia (X%) and Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Egypt, Senegal, Burundi, Democratic Republic of the Congo and Ethiopia increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the largest medicaments containing insulin importing markets in Africa were Nigeria ($X), Egypt ($X) and Tunisia ($X), together accounting for X% of total imports. Ethiopia, Burundi, Senegal and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price enjoyed a notable expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

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 Egypt ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform