Western Africa: Vaccine Market 2024

Vaccine Market Size in Western Africa

In 2022, the West African vaccine market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, continues to indicate a prominent increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Vaccine Production in Western Africa

In value terms, vaccine production reached $X in 2022 estimated in export price. The total production indicated a temperate 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Vaccine Exports

Exports in Western Africa

In 2022, shipments abroad of vaccines for human medicine was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports showed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, vaccine exports declined to $X in 2022. Over the period under review, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana was the major exporting country with an export of around X kg, which resulted at X% of total exports. It was distantly followed by Senegal (X kg), comprising a X% share of total exports.

Ghana was also the fastest-growing in terms of the vaccines for human medicine exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vaccine supplying countries in Western Africa were Senegal ($X) and Ghana ($X).

Ghana, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Senegal ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Vaccine Imports

Imports in Western Africa

In 2022, overseas purchases of vaccines for human medicine decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, vaccine imports reduced notably to $X in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Ghana dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Nigeria (X tons), making up a X% share of total imports. The following importers - Cote d'Ivoire (X tons), Mali (X tons), Niger (X tons) and Burkina Faso (X tons) - together made up X% of total imports.

Ghana was also the fastest-growing in terms of the vaccines for human medicine imports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%), Cote d'Ivoire (X%), Niger (X%), Burkina Faso (X%) and Mali (X%) displayed positive paces of growth. While the share of Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.), Burkina Faso (X p.p.), Niger (X p.p.) and Mali (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vaccine importing markets in Western Africa were Ghana ($X), Niger ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports.

Niger, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Western Africa stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible reduction. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Niger ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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