Western Africa: Orthopedic Prosthetics Market 2024

Orthopedic Prosthetics Market Size in Western Africa

The West African orthopedic prosthetics market reached $X in 2022, surging by 4.3% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.3% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Orthopedic Prosthetics Production in Western Africa

In value terms, orthopedic prosthetics production expanded to $X in 2022 estimated in export price. The total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 -2.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Orthopedic Prosthetics Exports

Exports in Western Africa

In 2022, orthopedic prosthetics exports in Western Africa dropped significantly to X units, which is down by -72.3% against 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 806%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, orthopedic prosthetics exports fell sharply to $X in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 175% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria dominates exports structure, finishing at X units, which was approx. 80% of total exports in 2022. Guinea (X units) held a 7.5% share (based on physical terms) of total exports, which put it in second place, followed by Niger (5.3%). Senegal (X units) and Sierra Leone (X units) followed a long way behind the leaders.

Exports from Nigeria increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Sierra Leone (+20.8%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +20.8% from 2012-2022. By contrast, Senegal (-10.0%), Niger (-19.6%) and Guinea (-36.2%) illustrated a downward trend over the same period. While the share of Nigeria (+36 p.p.), Guinea (+7.5 p.p.) and Sierra Leone (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (-6.5 p.p.) and Niger (-37.8 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X), Niger ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 84% of total exports. Sierra Leone and Guinea lagged somewhat behind, together accounting for a further 15%.

Among the main exporting countries, Sierra Leone, with a CAGR of +41.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, growing by 37% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 361% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Niger ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+76.2%), while the other leaders experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports in Western Africa

In 2022, imports of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Western Africa skyrocketed to X units, rising by 180% compared with the previous year's figure. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, orthopedic prosthetics imports shrank dramatically to $X in 2022. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 171%. Over the period under review, imports reached the maximum at $X in 2021, and then declined remarkably in the following year.

Imports by Country

Niger was the largest importer of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) in Western Africa, with the volume of imports accounting for X units, which was near 66% of total imports in 2022. It was distantly followed by Senegal (X units) and Nigeria (X units), together making up a 25% share of total imports. Cote d'Ivoire (X units) and Togo (X units) followed a long way behind the leaders.

Niger was also the fastest-growing in terms of the artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) imports, with a CAGR of +86.7% from 2012 to 2022. At the same time, Nigeria (+35.6%), Togo (+30.6%), Cote d'Ivoire (+10.7%) and Senegal (+8.4%) displayed positive paces of growth. Niger (+64 p.p.), Nigeria (+6.2 p.p.) and Togo (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Senegal saw its share reduced by -7.1% and -38.4% from 2012 to 2022, respectively.

In value terms, Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, with a combined 59% share of total imports. Niger and Togo lagged somewhat behind, together accounting for a further 5.9%.

Togo, with a CAGR of +50.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Western Africa stood at $X per unit in 2022, shrinking by -69.7% against the previous year. Overall, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 71%. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+14.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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