ECOWAS: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in ECOWAS

The ECOWAS medicaments containing penicillin market fell modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption recorded a noticeable reduction. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Medicaments Containing Penicillin Production in ECOWAS

In value terms, medicaments containing penicillin production fell slightly to $X in 2022 estimated in export price. Overall, production saw a pronounced setback. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports in ECOWAS

In 2022, approx. X kg of medicaments containing penicillins or derivatives thereof were exported in ECOWAS; falling by X% compared with 2021 figures. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports fell dramatically to $X in 2022. Overall, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal was the key exporting country with an export of around X kg, which resulted at X% of total exports. It was distantly followed by Mali (X kg), achieving a X% share of total exports. Ghana (X kg) took a relatively small share of total exports.

Senegal was also the fastest-growing in terms of the medicaments containing penicillins or derivatives thereof exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) and Mali (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Mali and Ghana increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest medicaments containing penicillin supplying countries in ECOWAS were Senegal ($X), Mali ($X) and Ghana ($X).

Mali, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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, dropping by X% against the previous year. In general, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Senegal ($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 a decline in the export price figures.

Medicaments Containing Penicillin Imports

Imports in ECOWAS

Medicaments containing penicillin imports skyrocketed to X tons in 2022, picking up by X% against 2021. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, medicaments containing penicillin imports fell rapidly to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Nigeria represented the key importer of medicaments containing penicillins or derivatives thereof in ECOWAS, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Gambia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (X%).

Nigeria was also the fastest-growing in terms of the medicaments containing penicillins or derivatives thereof imports, with a CAGR of X% from 2012 to 2022. At the same time, Guinea (X%) and Gambia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria and Guinea increased by X and X percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Gambia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Gambia (X% per year) and Guinea (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per ton), while Nigeria ($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 a decline in the import price figures.

Source: IndexBox Platform

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