Western Africa: Pacemaker Market 2024

Pacemaker Market Size in Western Africa

The West African pacemaker market declined modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded prominent growth. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Pacemaker Production in Western Africa

In value terms, pacemaker production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Pacemaker Exports

Exports in Western Africa

In 2022, shipments abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pacemaker exports surged to $X in 2022. Overall, exports showed a significant increase. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mali represented the main exporting country with an export of about X units, which reached X% of total exports. Cote d'Ivoire (X units) took the second position in the ranking, distantly followed by Nigeria (X units). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pacemaker exports from Mali stood at X%. At the same time, Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Mali (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Mali ($X) emerged as the largest pacemaker supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mali totaled X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, growing by X% against the previous year. Overall, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained 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 Mali ($X per unit), while Nigeria ($X per unit) 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 mixed trends in the export price figures.

Pacemaker Imports

Imports in Western Africa

In 2022, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were imported in Western Africa; rising by X% against the previous year's figure. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, pacemaker imports expanded notably to $X in 2022. In general, imports showed prominent growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of pacemaker imports in 2022 were Nigeria (X units), Senegal (X units), Ghana (X units) and Cote d'Ivoire (X units), together finishing at X% of total import. It was distantly followed by Benin (X units) and Mali (X units), together creating an X% share of total imports. The following importers - Cabo Verde (X units) and Guinea (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker importing markets in Western Africa were Nigeria ($X), Senegal ($X) and Ghana ($X), together comprising X% of total imports.

Among the main importing countries, Nigeria, with a CAGR of X%, saw 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 unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Benin ($X per unit), while Cabo Verde ($X per unit) 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

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