Ghana: First-Aid Kit Market 2024

First-Aid Kit Market Size in Ghana

The Ghanian first-aid kit market surged to $X in 2022, picking up by 17% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.2% against 2017 indices. First-aid kit consumption peaked in 2022 and is likely to continue growth in the immediate term.

First-Aid Kit Production in Ghana

In value terms, first-aid kit production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 54%. First-aid kit production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

First-Aid Kit Exports

Exports from Ghana

In 2022, exports of first-aid boxes and kits from Ghana surged to X tons, rising by 306% against the previous year's figure. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 746%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, first-aid kit exports skyrocketed to $X in 2022. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 400% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) was the main destination for first-aid kit exports from Ghana, with a 56% share of total exports. Moreover, first-aid kit exports to Burkina Faso exceeded the volume sent to the second major destination, Nigeria (X tons), twofold. The third position in this ranking was taken by Sierra Leone (X kg), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso amounted to +83.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+21.3% per year) and Sierra Leone (+91.1% per year).

In value terms, the largest markets for first-aid kit exported from Ghana were Burkina Faso ($X), Nigeria ($X) and the UK ($X), with a combined 85% share of total exports.

Burkina Faso, with a CAGR of +85.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average first-aid kit export price amounted to $X per ton, with a decrease of -15.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 144% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sierra Leone ($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 Democratic Republic of the Congo (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

First-Aid Kit Imports

Imports into Ghana

In 2022, overseas purchases of first-aid boxes and kits increased by 175% to X tons, rising for the third consecutive year after two years of decline. In general, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, first-aid kit imports reduced notably to $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 283%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Nigeria (X tons) were the main suppliers of first-aid kit imports to Ghana, with a combined 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +86.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest first-aid kit suppliers to Ghana were China ($X), Turkey ($X) and the United States ($X), with a combined 55% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +73.2%, saw the highest rates of growth with regard to 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 first-aid kit import price amounted to $X per ton, reducing by -77.1% against the previous year. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 183%. As a result, import price reached the peak level of $X per ton, and then shrank notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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