Ghana: Market for Medicaments Of Other Antibiotics 2022

Market Size for Medicaments Of Other Antibiotics in Ghana

In 2021, the Ghanian medicaments of other antibiotics market increased by X% to $X, rising for the fourth consecutive year after four years of decline. In general, consumption posted resilient growth. Medicaments of other antibiotics consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Medicaments Of Other Antibiotics

Exports from Ghana

In 2021, shipments abroad of medicaments of other antibiotics increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports recorded a noticeable increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, medicaments of other antibiotics exports reduced slightly to $X in 2021. Over the period under review, exports posted a mild expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cameroon (X tons), Gambia (X tons) and Liberia (X tons) were the main destinations of medicaments of other antibiotics exports from Ghana, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments of other antibiotics exported from Ghana were Gambia ($X), Cameroon ($X) and Liberia ($X), together accounting for X% of total exports.

Gambia, with a CAGR of +X%, saw 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 2021, the average medicaments of other antibiotics export price amounted to $X per ton, which is down by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Niger ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Other Antibiotics

Imports into Ghana

In 2021, medicaments of other antibiotics imports into Ghana rose markedly to X tons, growing by X% compared with 2020. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, medicaments of other antibiotics imports rose markedly to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of medicaments of other antibiotics imports to Ghana, with a combined X% share of total imports. Germany, Spain, Switzerland, the United Arab Emirates, Belgium, Italy, Jordan, Slovenia and France lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of medicaments of other antibiotics to Ghana, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2021, the average medicaments of other antibiotics import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :