Ghana: Antibiotic Market 2024

Antibiotic Market Size in Ghana

The Ghanian antibiotic market expanded rapidly to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated notable 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, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Antibiotic Exports

Exports from Ghana

After two years of decline, overseas shipments of antibiotics decreased by X% to X kg in 2022. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank rapidly in the following year.

In value terms, antibiotic exports shrank rapidly to $X in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Ireland (X kg) was the main destination for antibiotic exports from Ghana, accounting for a X% share of total exports. Moreover, antibiotic exports to Ireland exceeded the volume sent to the second major destination, Switzerland (X kg), twofold. The third position in this ranking was held by France (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

In value terms, Ireland ($X) emerged as the key foreign market for antibiotics exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

Export Prices by Country

The average antibiotic export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%).

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Antibiotic Imports

Imports into Ghana

In 2022, antibiotic imports into Ghana contracted to X tons, waning by X% compared with the previous year's figure. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, antibiotic imports totaled $X in 2022. In general, total imports indicated noticeable 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, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest antibiotic supplier to Ghana, with a X% share of total imports. Moreover, antibiotic imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of antibiotics to Ghana, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Slovakia (X% per year).

Import Prices by Country

The average antibiotic import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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