Western Africa: Market for Medicaments Of Other Antibiotics 2024

Market Size for Medicaments Of Other Antibiotics in Western Africa

The West African medicaments of other antibiotics market expanded notably to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Medicaments Of Other Antibiotics in Western Africa

In value terms, medicaments of other antibiotics production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Medicaments Of Other Antibiotics

Exports in Western Africa

After three years of decline, shipments abroad of medicaments of other antibiotics increased by X% to X tons in 2022. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, medicaments of other antibiotics exports rose rapidly to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana represented the major exporter of medicaments of other antibiotics in Western Africa, with the volume of exports recording X tons, which was near X% of total exports in 2022. Mali (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Togo (X%) and Burkina Faso (X%). The following exporters - Cote d'Ivoire (X tons), Nigeria (X tons) and Senegal (X tons) - together made up X% 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 Mali (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mali ($X) emerged as the largest medicaments of other antibiotics supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mali amounted to X%. In the other countries, the average annual rates were as follows: Togo (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price posted a notable expansion. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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

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

Imports of Medicaments Of Other Antibiotics

Imports in Western Africa

In 2022, approx. X tons of medicaments of other antibiotics were imported in Western Africa; increasing by X% compared with the year before. Total imports indicated modest growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, medicaments of other antibiotics imports expanded sharply to $X in 2022. Total imports indicated a resilient 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the main importing country with an import of about X tons, which accounted for X% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with an X% share, followed by Mali (X%) and Ghana (X%). Sierra Leone (X tons), Niger (X tons) and Burkina Faso (X tons) took a minor share of total imports.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of medicaments of other antibiotics. At the same time, Burkina Faso (X%), Mali (X%), Niger (X%), Sierra Leone (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mali, Cote d'Ivoire, Burkina Faso, Sierra Leone, Niger and Ghana increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Mali, Niger, Sierra Leone and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 ton, therefore, remained relatively stable against the previous year. Import price indicated strong 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, medicaments of other antibiotics import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 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 ($X per ton), while Sierra Leone ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :