ECOWAS: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in ECOWAS

After three years of growth, the ECOWAS respiration apparatus market decreased by -14.6% to $X in 2021. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +44.3% against 2017 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Respiration Apparatus Production in ECOWAS

In value terms, respiration apparatus production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 27%. As a result, production attained the peak level of $X, and then contracted in the following year.

Respiration Apparatus Exports

Exports in ECOWAS

In 2021, after two years of growth, there was significant decline in shipments abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus, when their volume decreased by -28.5% to X tons. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 438%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then contracted dramatically in the following year.

In value terms, respiration apparatus exports surged to $X in 2021. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 486% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

In 2021, Mali (X tons) and Ghana (X tons) were the major exporters of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus in ECOWAS, together mixing up 76% of total exports. It was distantly followed by Nigeria (X kg), constituting an 11% share of total exports. The following exporters - Senegal (X kg), Niger (X kg) and Cabo Verde (X kg) - together made up 11% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cabo Verde (with a CAGR of +59.5%), while the other leaders experienced more modest paces of growth.

In value terms, Mali ($X) emerged as the largest respiration apparatus supplier in ECOWAS, comprising 48% of total exports. The second position in the ranking was taken by Ghana ($X), with a 24% share of total exports. It was followed by Nigeria, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Mali totaled +51.6%. In the other countries, the average annual rates were as follows: Ghana (+51.8% per year) and Nigeria (+37.9% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, increasing by 85% against the previous year. Overall, the export price recorded a moderate increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Cabo Verde ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cabo Verde (+26.6%), while the other leaders experienced more modest paces of growth.

Respiration Apparatus Imports

Imports in ECOWAS

In 2021, purchases abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -33.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 904%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, respiration apparatus imports shrank dramatically to $X in 2021. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 364%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

Nigeria represented the main importer of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus in ECOWAS, with the volume of imports recording X tons, which was near 42% of total imports in 2021. Ghana (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (15%) and Cote d'Ivoire (7.9%). The following importers - Cabo Verde (X tons), Burkina Faso (X tons) and Benin (X tons) - each resulted at a 5.9% share of total imports.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest respiration apparatus importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Senegal ($X), with a combined 66% share of total imports.

In terms of the main importing countries, Senegal, with a CAGR of +39.4%, 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 ECOWAS stood at $X per ton in 2021, with an increase of 22% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2015 when the import price increased by 101% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Benin ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+13.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform