Key Market Indicators
The country was 15th in 2021, China came ahead with $55,399,000. Germany, India and the Netherlands respectively were numbers 2, 3 and 4 in this ranking. South Africa is set to become a major player in the insulin export and import market over the next few years. Export is expected to reach nearly $855 million by 2026, up from $782 million in 2021. This represents an annual growth rate of 1.4%. Since 2005, exports have increased by 10.9% each year. In 2021, South Africa was the 33rd largest exporter of insulin, behind the Netherlands, which exported $782 million. France, Italy and China came in second, third and fourth respectively. Meanwhile, imports are set to reach $60.1 billion by 2026, up from $55.4 billion in 2021. This represents an annual growth rate of 1.3%. Since 2005, imports have increased by 3.6% each year. In 2021, South Africa was the 15th largest importer of insulin, behind China, which imported $55.4 billion. Germany, India and the Netherlands came in second, third and fourth respectively.
