Ghana: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Ghana

The Ghanian penicillins or streptomycins medicaments market dropped to $X in 2022, which is down by -14.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted buoyant growth. Penicillins or streptomycins medicaments consumption peaked at $X in 2021, and then dropped in the following year.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Ghana

In 2022, after two years of decline, there was significant growth in overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof, when their volume increased by 7.1% to X tons. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 63%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments exports expanded significantly to $X in 2022. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 60%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) was the main destination for penicillins or streptomycins medicaments exports from Ghana, accounting for a 75% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso amounted to +12.6%.

In value terms, the largest markets for penicillins or streptomycins medicaments exported from Ghana were Cote d'Ivoire ($X) and Burkina Faso ($X).

Cote d'Ivoire, with a CAGR of +12.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, rising by 3.4% against the previous year. Over the period under review, the export price, however, saw a mild decline. The pace of growth was the most pronounced in 2021 an increase of 6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Burkina Faso amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (-2.5%).

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Ghana

In 2022, imports of medicaments of penicillins, streptomycins or derivatives thereof into Ghana shrank rapidly to X tons, with a decrease of -16.6% against the previous year. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by 133% against the previous year. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, penicillins or streptomycins medicaments imports contracted to $X in 2022. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 275% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

India (X tons), the UK (X tons) and China (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Ghana, together accounting for 73% of total imports. Slovenia, Germany, Pakistan and France lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Ghana were India ($X), Slovenia ($X) and the UK ($X), together comprising 64% of total imports. China, Germany, France and Pakistan lagged somewhat behind, together comprising a further 9.4%.

Among the main suppliers, Pakistan, with a CAGR of +24.8%, recorded 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 penicillins or streptomycins medicaments import price amounted to $X per ton, rising by 5.1% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, penicillins or streptomycins medicaments import price decreased by -17.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 84%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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