ECOWAS: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in ECOWAS

The ECOWAS prepared culture media market reached $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a resilient increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Prepared Culture Media Production in ECOWAS

In value terms, prepared culture media production reached $X in 2022 estimated in export price. Over the period under review, production saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Prepared Culture Media Exports

Exports in ECOWAS

Prepared culture media exports soared to X kg in 2022, surging by X% against 2021 figures. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, prepared culture media exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Ghana (X kg) represented the main exporter of prepared culture media for development of micro-organisms, mixing up X% of total exports. It was distantly followed by Sierra Leone (X kg), Mali (X kg) and Cote d'Ivoire (X kg), together creating a X% share of total exports. Guinea (X kg) took a minor share of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Mali (X%), Cote d'Ivoire (X%) and Guinea (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Mali (X p.p.), Cote d'Ivoire (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sierra Leone (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest prepared culture media supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Guinea ($X), with an X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Guinea (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, 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 Guinea ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced a decline in the export price figures.

Prepared Culture Media Imports

Imports in ECOWAS

In 2022, approx. X tons of prepared culture media for development of micro-organisms were imported in ECOWAS; with an increase of X% compared with 2021 figures. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared culture media imports soared to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Cote d'Ivoire (X tons), Ghana (X tons) and Senegal (X tons) were the key importers of prepared culture media for development of micro-organisms, together constituting X% of total imports. The following importers - Togo (X tons), Benin (X tons) and Mali (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported prepared culture media for development of micro-organisms in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

In Nigeria, prepared culture media imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Togo (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then contracted remarkably in the following year.

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

Source: IndexBox Platform