ECOWAS: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in ECOWAS

The ECOWAS medical reconstruction cements market reached $X in 2021, increasing by 8.3% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Medical Reconstruction Cements Production in ECOWAS

In value terms, medical reconstruction cements production rose notably to $X in 2021 estimated in export price. In general, production recorded a strong increase. The growth pace was the most rapid in 2019 when the production volume increased by 63%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Medical Reconstruction Cements Exports

Exports in ECOWAS

Medical reconstruction cements exports skyrocketed to X kg in 2021, growing by 115% against the previous year's figure. In general, exports, however, saw a noticeable slump. The volume of export peaked at X kg in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, medical reconstruction cements exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt setback. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Sierra Leone (X kg), Senegal (X kg) and Cote d'Ivoire (X kg), together amounting to 88% of total export. It was distantly followed by Nigeria (X kg), comprising an 11% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +37.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest medical reconstruction cements supplying countries in ECOWAS were Sierra Leone ($X), Senegal ($X) and Nigeria ($X), together accounting for 86% of total exports.

In terms of the main exporting countries, Sierra Leone, with a CAGR of +27.5%, saw the highest rates of growth with regard to 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 ECOWAS stood at $X per ton in 2021, falling by -24.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 76%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Medical Reconstruction Cements Imports

Imports in ECOWAS

Medical reconstruction cements imports surged to X tons in 2021, growing by 48% on the previous year's figure. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 156% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, medical reconstruction cements imports dropped modestly to $X in 2021. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 207% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Senegal represented the major importer of dental cements and bone reconstruction cements in ECOWAS, with the volume of imports finishing at X tons, which was approx. 53% of total imports in 2021. It was distantly followed by Nigeria (X tons), Ghana (X tons) and Cote d'Ivoire (X tons), together mixing up a 37% share of total imports. Cabo Verde (X kg) and Mali (X kg) followed a long way behind the leaders.

Imports into Senegal increased at an average annual rate of +11.2% from 2012 to 2021. At the same time, Ghana (+62.3%), Mali (+28.4%), Cabo Verde (+10.4%) and Cote d'Ivoire (+2.3%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +62.3% from 2012-2021. By contrast, Nigeria (-6.9%) illustrated a downward trend over the same period. Senegal (+19 p.p.) and Ghana (+13 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Nigeria saw its share reduced by -4.1% and -30.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Ghana ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 86% share of total imports. Mali, Cote d'Ivoire and Cabo Verde lagged somewhat behind, together comprising a further 11%.

Mali, with a CAGR of +55.4%, saw the highest growth rate of the value of imports, in terms of 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 ECOWAS stood at $X per ton in 2021, reducing by -35.7% against the previous year. Overall, the import price, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 an increase of 76% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, 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 Mali ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+20.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform