Report Update Apr 1, 2024

Ghana - Vaccines for Human Medicine - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Vaccine Market 2024

Vaccine Market Size in Ghana

In 2022, the Ghanian vaccine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded significant growth. Vaccine consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Vaccine Exports

Exports from Ghana

For the fourth consecutive year, Ghana recorded growth in shipments abroad of vaccines for human medicine, which increased by X% to X kg in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vaccine exports dropped markedly to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted notably in the following year.

Exports by Country

Belgium (X kg) was the main destination for vaccine exports from Ghana, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to X%.

In value terms, Belgium ($X) emerged as the key foreign market for vaccines for human medicine exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled X%.

Export Prices by Country

The average vaccine export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to X% per year.

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Vaccine Imports

Imports into Ghana

In 2022, purchases abroad of vaccines for human medicine decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank markedly in the following year.

In value terms, vaccine imports declined dramatically to $X in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest vaccine supplier to Ghana, accounting for a X% share of total imports. Moreover, vaccine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the United States (X% per year).

In value terms, Belgium ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest vaccine suppliers to Ghana, with a combined X% share of total imports.

Among the main suppliers, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vaccine import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vaccines for human medicine in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and Pakistan, together comprising 37% of global consumption. Spain, India, Malaysia, France, Russia, Ghana, Indonesia, Belgium, Ireland and Canada lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of vaccines for human medicine in the world?

The countries with the highest volumes of production in 2022 were China, the United States and France, together accounting for 51% of global production. India, Germany, Russia, Belgium, Indonesia, Ireland, Japan, the UK, South Korea and Turkey lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of vaccines for human medicine to Ghana?

In value terms, Belgium, the United States and the Netherlands constituted the largest vaccine suppliers to Ghana, together accounting for 86% of total imports.

What are the leading importers of vaccines for human medicine from Ghana?

In value terms, Belgium emerged as the key foreign market for vaccines for human medicine exports from Ghana.

What is the average export price for vaccines for human medicine in Ghana?

The average vaccine export price stood at $37,563 per ton in 2022, with a decrease of -30.3% against the previous year.

What is the average import price for vaccines for human medicine in Ghana?

In 2022, the average vaccine import price amounted to $40,120 per ton, with a decrease of -13.4% against the previous year.

This report provides an in-depth analysis of the vaccine market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202140 -
Prodcom 21202145 - Vaccines for human medicine

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023