Africa: Vaccine Market 2024

Vaccine Market Size in Africa

The African vaccine market rose markedly to $X in 2023, picking up by X% against the previous year. Overall, consumption saw resilient growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Vaccine Production in Africa

In value terms, vaccine production soared to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Vaccine Exports

Exports in Africa

In 2023, shipments abroad of vaccines for human medicine increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, vaccine exports skyrocketed to $X in 2023. Overall, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa was the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Kenya (X tons), Swaziland (X tons), Zambia (X tons) and Tanzania (X tons), together achieving a X% share of total exports. The following exporters - Senegal (X tons) and Ethiopia (X tons) - each finished at an X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Senegal (X%), Zambia (X%), Tanzania (X%), Ethiopia (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Swaziland (X%) illustrated a downward trend over the same period. While the share of Kenya (X p.p.), South Africa (X p.p.), Zambia (X p.p.), Tanzania (X p.p.), Senegal (X p.p.) and Ethiopia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Swaziland (X p.p.) displayed negative dynamics.

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

In Kenya, vaccine exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, reducing by X% against the previous year. Export price indicated prominent growth from 2012 to 2023: its price 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, vaccine export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then reduced 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 Zambia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Vaccine Imports

Imports in Africa

In 2023, approx. X tons of vaccines for human medicine were imported in Africa; increasing by X% on 2022. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, vaccine imports expanded notably to $X in 2023. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, South Africa (X tons), distantly followed by Morocco (X tons), Nigeria (X tons), Ethiopia (X tons) and Libya (X tons) represented the largest importers of vaccines for human medicine, together constituting X% of total imports. Algeria (X tons), Tanzania (X tons), Egypt (X tons), Kenya (X tons), Uganda (X tons), Angola (X tons), Cote d'Ivoire (X tons) and Tunisia (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to vaccine imports into South Africa stood at X%. At the same time, Morocco (X%), Libya (X%), Tunisia (X%), Tanzania (X%), Kenya (X%), Algeria (X%), Egypt (X%), Cote d'Ivoire (X%), Angola (X%), Uganda (X%), Nigeria (X%) and Ethiopia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Morocco, Libya and South Africa increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vaccine importing markets in Africa were Morocco ($X), Algeria ($X) and South Africa ($X), together accounting for X% of total imports.

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

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2023: its price 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, vaccine import price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. 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 Algeria ($X,180 per ton), while Libya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform