Cote d'Ivoire: Medical Instruments Market 2024

Medical Instruments Market Size in Cote d'Ivoire

The Cote d'Ivoire's medical instruments market rose markedly to $X in 2022, with an increase of 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Medical Instruments Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of instruments used in medical sciences decreased by 0% to X tons, falling for the sixth consecutive year after two years of growth. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 400% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, medical instruments exports skyrocketed to $X in 2022. Overall, exports recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of 519%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) was the main destination for medical instruments exports from Cote d'Ivoire, with a 51% share of total exports. Moreover, medical instruments exports to Burkina Faso exceeded the volume sent to the second major destination, Nigeria (X tons), twofold. The third position in this ranking was held by Mali (X kg), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+94.0% per year) and Mali (+0.2% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for instruments used in medical sciences exports from Cote d'Ivoire, comprising 57% of total exports. The second position in the ranking was taken by Mali ($X), with a 21% share of total exports. It was followed by Germany, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso amounted to +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+40.8% per year) and Germany (+80.7% per year).

Export Prices by Country

The average medical instruments export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price posted strong growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 189%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+70.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports

Imports into Cote d'Ivoire

In 2022, the amount of instruments used in medical sciences imported into Cote d'Ivoire soared to X tons, surging by 15% against the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 -11.6% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 82% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, medical instruments imports rose rapidly to $X in 2022. Overall, imports showed a temperate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 51%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of medical instruments to Cote d'Ivoire, accounting for a 31% share of total imports. Moreover, medical instruments imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+85.3% per year) and Germany (+4.3% per year).

In value terms, China ($X), Turkey ($X) and Morocco ($X) were the largest medical instruments suppliers to Cote d'Ivoire, with a combined 41% share of total imports.

Among the main suppliers, Morocco, with a CAGR of +126.3%, 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

In 2022, the average medical instruments import price amounted to $X per ton, leveling off at the previous year. Overall, the import price showed a slight setback. The growth pace was the most rapid in 2016 an increase of 51%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform