Western Africa: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2024

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Western Africa

The West African market for medicaments of alkaloids or derivatives thereof soared to $X in 2022, jumping by X% against the previous year. The total consumption indicated a noticeable expansion 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. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Medicaments Of Alkaloids Or Derivatives Thereof in Western Africa

In value terms, production of medicaments of alkaloids or derivatives thereof reached $X in 2022 estimated in export price. The total production indicated a remarkable increase 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports in Western Africa

In 2022, overseas shipments of medicaments of alkaloids or derivatives thereof decreased by X% to X tons, falling for the seventh consecutive year after two years of growth. Over the period under review, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof reached $X in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of medicaments of alkaloids or derivatives thereof, namely Senegal, Cote d'Ivoire and Benin, represented more than two-thirds of total export. Ghana (X kg) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Benin ($X) remains the largest medicaments of alkaloids or derivatives thereof supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Benin stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price 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, export price for medicaments of alkaloids or derivatives thereof increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports in Western Africa

In 2022, approx. X tons of medicaments of alkaloids or derivatives thereof were imported in Western Africa; growing by X% on 2021 figures. Over the period under review, imports posted a prominent expansion. Over the period under review, imports of attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of medicaments of alkaloids or derivatives thereof skyrocketed to $X in 2022. In general, imports, however, saw a pronounced decline. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the largest importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Cote d'Ivoire (X tons) and Mali (X tons), together constituting a X% share of total imports. Ghana (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to medicaments of alkaloids or derivatives thereof imports into Nigeria stood at X%. At the same time, Mali (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Mali (X p.p.), Cote d'Ivoire (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest medicaments of alkaloids or derivatives thereof importing markets in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Mali ($X), with a combined X% share of total imports. Ghana lagged somewhat behind, accounting for a further X%.

Among the main importing countries, Ghana, 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

The import price in Western Africa stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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