Western Africa: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Western Africa

The West African medicaments containing penicillin market fell to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption saw a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Medicaments Containing Penicillin Production in Western Africa

In value terms, medicaments containing penicillin production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible reduction. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports in Western Africa

In 2022, the amount of medicaments containing penicillins or derivatives thereof exported in Western Africa fell sharply to X kg, shrinking by X% compared with 2021. Overall, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. 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, medicaments containing penicillin exports fell notably to $X in 2022. In general, exports faced a significant contraction. The growth pace was the most rapid in 2016 with an increase of X%. 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 main exporting country with an export of about X kg, which finished at X% of total exports. It was distantly followed by Mali (X kg), making up a X% share of total exports. Ghana (X kg) held 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. Senegal (X p.p.), Mali (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, 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 Western Africa were Senegal ($X), Mali ($X) and Ghana ($X).

Mali, with a CAGR of X%, saw the highest rates of growth with regard to 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 Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Western Africa

Medicaments containing penicillin imports surged to X tons in 2022, with an increase of X% compared with the previous year's figure. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. 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 declined sharply to $X in 2022. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Nigeria (X tons) was the main importer of medicaments containing penicillins or derivatives thereof, creating X% of total imports. It was distantly followed by Gambia (X tons) and Guinea (X tons), together mixing up a X% share of total imports.

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. Nigeria (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Gambia saw its share reduced by X% from 2012 to 2022, respectively.

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

In Nigeria, medicaments containing penicillin imports increased at an average annual rate of X% over the period from 2012-2022. 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 Western Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped 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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