Western Africa: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Western Africa

In 2021, the West African chemical contraceptive preparations market increased by 8.7% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption enjoyed strong growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Chemical Contraceptive Preparations Production in Western Africa

In value terms, chemical contraceptive preparations production reached $X in 2021 estimated in export price. In general, production enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 37%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Chemical Contraceptive Preparations Exports

Exports in Western Africa

After five years of decline, shipments abroad of chemical contraceptive preparations based on hormones or spermicides increased by 241% to X kg in 2021. Overall, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2015 when exports increased by 280% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chemical contraceptive preparations exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt shrinkage. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X kg) and Burkina Faso (X kg) dominates exports structure, together comprising 95% of total exports. It was distantly followed by Niger (X kg), comprising a 4.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Burkina Faso (with a CAGR of +33.3%), while the other leaders experienced a decline in the exports figures.

In value terms, Senegal ($X) remains the largest chemical contraceptive preparations supplier in Western Africa, comprising 71% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Senegal amounted to -1.9%. In the other countries, the average annual rates were as follows: Burkina Faso (+32.8% per year) and Niger (-29.9% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, dropping by -39.6% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2016 when the export price increased by 395% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-0.4%), while the other leaders experienced a decline in the export price figures.

Chemical Contraceptive Preparations Imports

Imports in Western Africa

In 2021, purchases abroad of chemical contraceptive preparations based on hormones or spermicides increased by 16% to X tons, rising for the fourth year in a row after three years of decline. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 207%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, chemical contraceptive preparations imports reduced to $X in 2021. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 131%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Nigeria (X tons) was the main importer of chemical contraceptive preparations based on hormones or spermicides, constituting 65% of total imports. It was distantly followed by Ghana (X tons) and Burkina Faso (X tons), together committing a 17% share of total imports. The following importers - Senegal (X tons), Cote d'Ivoire (X tons), Mali (X tons) and Sierra Leone (X tons) - together made up 13% of total imports.

Nigeria was also the fastest-growing in terms of the chemical contraceptive preparations based on hormones or spermicides imports, with a CAGR of +73.6% from 2012 to 2021. At the same time, Ghana (+13.7%), Burkina Faso (+10.9%), Senegal (+10.9%), Cote d'Ivoire (+5.4%) and Mali (+2.6%) displayed positive paces of growth. Sierra Leone experienced a relatively flat trend pattern. Nigeria (+64 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire, Mali and Sierra Leone saw its share reduced by -3%, -3.2% and -4.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported chemical contraceptive preparations based on hormones or spermicides in Western Africa, comprising 35% of total imports. The second position in the ranking was held by Ghana ($X), with a 15% share of total imports. It was followed by Burkina Faso, with a 15% share.

In Nigeria, chemical contraceptive preparations imports increased at an average annual rate of +49.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+7.0% per year) and Burkina Faso (+9.8% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, declining by -20.2% against the previous year. In general, the import price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2013 an increase of 128% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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