Western Africa: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Western Africa

In 2022, the West African veterinary medicine vaccines market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate a strong expansion. Over the period under review, the market reached the peak level at $X in 2021, and then shrank significantly in the following year.

Veterinary Medicine Vaccines Production in Western Africa

In value terms, veterinary medicine vaccines production rose to $X in 2022 estimated in export price. Over the period under review, production, however, showed buoyant growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Veterinary Medicine Vaccines Exports

Exports in Western Africa

In 2022, shipments abroad of vaccines for veterinary medicine decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, veterinary medicine vaccines exports dropped slightly to $X in 2022. Overall, exports, however, saw a significant expansion. 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 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons), Mali (X tons), Niger (X tons) and Benin (X tons) represented roughly X% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Benin (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines supplying countries in Western Africa were Benin ($X), Mali ($X) and Niger ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Benin, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price posted notable growth. The most prominent rate of growth was recorded in 2019 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 see gradual growth in the near future.

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 Benin ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Veterinary Medicine Vaccines Imports

Imports in Western Africa

After three years of growth, supplies from abroad of vaccines for veterinary medicine decreased by X% to X tons in 2022. Overall, imports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, veterinary medicine vaccines imports fell notably to $X in 2022. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

The countries with the highest levels of veterinary medicine vaccines imports in 2022 were Mauritania (X tons), Mali (X tons), Nigeria (X tons), Cote d'Ivoire (X tons) and Ghana (X tons), together amounting to X% of total import. Niger (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%).

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

In value terms, the largest veterinary medicine vaccines importing markets in Western Africa were Cote d'Ivoire ($X), Mali ($X) and Ghana ($X), together accounting for X% of total imports. Niger, Senegal, Nigeria and Mauritania lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Niger, 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, approximately reflecting the previous year. Import price indicated modest 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, veterinary medicine vaccines import price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Mauritania ($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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