Western Africa: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Western Africa

The West African diagnostic equipment market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, saw a slight downturn. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Diagnostic Equipment Production in Western Africa

In value terms, diagnostic equipment production rose sharply to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Diagnostic Equipment Exports

Exports in Western Africa

For the fourth year in a row, Western Africa recorded growth in shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which increased by X% to X units in 2022. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, diagnostic equipment exports rose markedly to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Niger represented the largest exporting country with an export of around X units, which resulted at X% of total exports. Nigeria (X units) ranks second in terms of the total exports with a X% share, followed by Sierra Leone (X%) and Benin (X%). The following exporters - Guinea (X units), Mauritania (X units) and Ghana (X units) - each amounted to a X% share of total exports.

Niger was also the fastest-growing in terms of the electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%), Guinea (X%), Benin (X%), Sierra Leone (X%) and Mauritania (X%) displayed positive paces of growth. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Niger (X p.p.), Nigeria (X p.p.), Benin (X p.p.), Guinea (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sierra Leone (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest diagnostic equipment supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

In Nigeria, diagnostic equipment exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Benin (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per unit), while Niger ($X per unit) was amongst the lowest.

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

Diagnostic Equipment Imports

Imports in Western Africa

In 2022, overseas purchases of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were finally on the rise to reach X units after two years of decline. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diagnostic equipment imports expanded significantly to $X in 2022. Over the period under review, imports showed modest growth. The growth pace was the most rapid in 2019 with an increase of X%. 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

Nigeria was the key importing country with an import of about X units, which amounted to X% of total imports. Senegal (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%), Benin (X%) and Burkina Faso (X%). The following importers - Togo (X units) and Ghana (X units) - each reached a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Senegal (X%), Cote d'Ivoire (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Senegal, Cote d'Ivoire, Benin and Burkina Faso increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest diagnostic equipment importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports. Benin, Senegal, Burkina Faso and Togo lagged somewhat behind, together accounting for a further X%.

Benin, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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