ECOWAS: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in ECOWAS

The ECOWAS adhesive bandage market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Adhesive Bandage Production in ECOWAS

In value terms, adhesive bandage production surged to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Adhesive Bandage Exports

Exports in ECOWAS

Adhesive bandage exports surged to X tons in 2022, growing by X% against 2021 figures. Overall, exports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, adhesive bandage exports declined notably to $X in 2022. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Senegal (X tons) was the key exporter of adhesive bandages, constituting X% of total exports. It was distantly followed by Niger (X kg), constituting a X% share of total exports. The following exporters - Mali (X kg) and Sierra Leone (X kg) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to adhesive bandage exports from Senegal stood at X%. Sierra Leone (X%), Niger (X%) and Mali (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest adhesive bandage supplying countries in ECOWAS were Senegal ($X), Niger ($X) and Sierra Leone ($X), with a combined X% share of total exports.

Sierra Leone, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced mixed trends in the export price figures.

Adhesive Bandage Imports

Imports in ECOWAS

In 2022, adhesive bandage imports in ECOWAS skyrocketed to X tons, growing by X% against the previous year. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, adhesive bandage imports surged to $X in 2022. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Nigeria was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Ghana (X tons), Burkina Faso (X tons) and Mali (X tons), together committing a X% share of total imports. Cote d'Ivoire (X tons), Senegal (X tons) and Benin (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to adhesive bandage imports into Nigeria stood at X%. At the same time, Burkina Faso (X%), Mali (X%), Cote d'Ivoire (X%), Senegal (X%) and Benin (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.), Burkina Faso (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Benin (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported adhesive bandages in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

In Nigeria, adhesive bandage imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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