Algeria Pharmaceuticals & Healthcare Report Q2 2014 - New Market Report

From: Fast Market Research, Inc.
Published: Mon Feb 10 2014

In addition to the Algerian government's favourable policies towards attracting foreign investment, this quarter has seen two further indications of the country's drive to rapidly expand the capacity of its local pharmaceutical industry and reduce reliance on imported medicines. These include Saidal's detailing of an aggressive investment plan in a number of manufacturing facilities over the medium term and a decline in total pharmaceutical imports in the first 11 months of 2013 by 1.5%, according to local data sources.

Headline Expenditure Projections

* Pharmaceuticals: DZD272.95bn (US$3.46bn) in 2013 to DZD302.20bn (US$3.78bn) in 2014; +10.7% in local currency and +9.3% in US dollar terms. Forecasts broadly unchanged from the previous quarter.
* Healthcare: DZD718.43bn (US$9.09bn) in 2013 to DZD775.07bn (US$9.69bn) in 2014; +7.9% in local currency and +6.5% in US dollar terms. Forecasts revised down due to macroeconomic modifications.

Full Report Details at

Risk/Reward Rating: In our Q2 2014 Risk/Rewards Ratings (RRR) tool, Algeria's overall score increased to 50.5, up from 48.7 in Q1 2014 on the back of upward revisions to the country's urbanised population figures and overall population growth. These revisions support greater uptake of medicines and healthcare services. However, the country continues to rank ninth out of the 30 countries surveyed in the Middle East and Africa (MEA) region.

Key Trends And Developments

According to official figures by the Algerian Customs and the National Centre for Informatics and Statistics, quoted by the Algeria Press Service in January 2014, the total value (and volume) of pharmaceutical imports during the first 11 months of 2013 dropped by 1.5% from US$2.0bn to US$1.97bn y-o-y. We highlight that medicines for human use, the largest component of pharmaceutical imports, declined to US$1.89bn from US$1.91bn equating to a 0.58% contraction while volume figures declined by 7.35% from 29,810 tonnes to 27,618 tonnes. Following this, pharmaceutical products declined in value from US$67.08mn to US$50.08mn with the volume declining by approximately 25% from 1,437 tonnes to 1,079 tonnes.

In December 2013, Boumediene Derkaoui, CEO of local drugmaker Saidal, announced that three new manufacturing plants currently under construction, for the manufacture of generic medicines, will be operational by the first half of 2015, according to Algeria Press Service. The three manufacturing facilities will be located in Constantine, El Harrach (Algiers) and Cherchell (Tipasa). According to the group, it currently holds around 4.5 to 5.0% share of the local pharmaceutical market by value and aims to achieve 10% by the end of 2015.

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