ECOWAS: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in ECOWAS

In 2021, the ECOWAS chemical contraceptive preparations market increased by 9.1% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption posted buoyant growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Chemical Contraceptive Preparations Production in ECOWAS

In value terms, chemical contraceptive preparations production totaled $X in 2021 estimated in export price. In general, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Chemical Contraceptive Preparations Exports

Exports in ECOWAS

In 2021, overseas shipments of chemical contraceptive preparations based on hormones or spermicides were finally on the rise to reach X kg for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, saw a pronounced decline. The pace of growth was the most pronounced in 2015 when exports increased by 280% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, chemical contraceptive preparations exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Senegal (X kg) and Burkina Faso (X kg) prevails in exports structure, together comprising 95% of total exports. It was distantly followed by Niger (X kg), committing a 4.6% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Burkina Faso (with a CAGR of +33.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Senegal ($X) remains the largest chemical contraceptive preparations supplier in ECOWAS, comprising 71% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 27% share of total exports.

In Senegal, chemical contraceptive preparations exports shrank by an average annual rate of -1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Burkina Faso (+32.8% per year) and Niger (-29.9% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, dropping by -39.6% against the previous year. In general, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by 395% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-0.4%), while the other leaders experienced a decline in the export price figures.

Chemical Contraceptive Preparations Imports

Imports in ECOWAS

In 2021, overseas purchases of chemical contraceptive preparations based on hormones or spermicides increased by 16% to X tons, rising for the fourth consecutive year after three years of decline. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 208%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, chemical contraceptive preparations imports reduced to $X in 2021. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 131% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Nigeria (X tons) was the key importer of chemical contraceptive preparations based on hormones or spermicides, comprising 65% of total imports. Ghana (X tons) took the second position in the ranking, distantly followed by Burkina Faso (X tons). All these countries together held near 17% share of total imports. The following importers - Senegal (X tons), Cote d'Ivoire (X tons), Mali (X tons) and Sierra Leone (X tons) - together made up 13% of total imports.

Nigeria was also the fastest-growing in terms of the chemical contraceptive preparations based on hormones or spermicides imports, with a CAGR of +73.6% from 2012 to 2021. At the same time, Ghana (+13.7%), Burkina Faso (+10.9%), Senegal (+10.9%), Cote d'Ivoire (+5.4%) and Mali (+2.6%) displayed positive paces of growth. Sierra Leone experienced a relatively flat trend pattern. While the share of Nigeria (+64 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cote d'Ivoire (-3.1 p.p.), Mali (-3.2 p.p.) and Sierra Leone (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported chemical contraceptive preparations based on hormones or spermicides in ECOWAS, comprising 35% of total imports. The second position in the ranking was taken by Ghana ($X), with a 15% share of total imports. It was followed by Burkina Faso, with a 15% share.

In Nigeria, chemical contraceptive preparations imports expanded at an average annual rate of +49.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ghana (+7.0% per year) and Burkina Faso (+9.8% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, with a decrease of -20.3% against the previous year. Over the period under review, the import price continues to indicate a slight setback. The growth pace was the most rapid in 2013 when the import price increased by 128%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform