Western Africa: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Western Africa

The West African medical reconstruction cements market expanded markedly to $X in 2021, picking up by 8.4% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Medical Reconstruction Cements Production in Western Africa

In value terms, medical reconstruction cements production rose remarkably to $X in 2021 estimated in export price. In general, production showed a buoyant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 61%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Medical Reconstruction Cements Exports

Exports in Western Africa

In 2021, medical reconstruction cements exports in Western Africa skyrocketed to X kg, with an increase of 115% on 2020. Over the period under review, exports, however, saw a pronounced curtailment. The volume of export peaked at X kg in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, medical reconstruction cements exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Sierra Leone (X kg), Senegal (X kg) and Cote d'Ivoire (X kg) was the main exporter of dental cements and bone reconstruction cements in Western Africa, comprising 88% of total export. It was distantly followed by Nigeria (X kg), mixing up an 11% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +37.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sierra Leone ($X), Senegal ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

Sierra Leone, with a CAGR of +27.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, reducing by -24.2% against the previous year. In general, the export price saw a mild curtailment. The growth pace was the most rapid in 2019 an increase of 76% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Medical Reconstruction Cements Imports

Imports in Western Africa

In 2021, the amount of dental cements and bone reconstruction cements imported in Western Africa skyrocketed to X tons, growing by 51% compared with the previous year. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 151% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, medical reconstruction cements imports reduced modestly to $X in 2021. Overall, imports posted a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 200% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Senegal was the major importer of dental cements and bone reconstruction cements in Western Africa, with the volume of imports resulting at X tons, which was approx. 52% of total imports in 2021. Nigeria (X tons) took the second position in the ranking, followed by Ghana (X tons) and Cote d'Ivoire (X tons). All these countries together held approx. 36% share of total imports. Cabo Verde (X kg), Mauritania (X kg) and Mali (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to medical reconstruction cements imports into Senegal stood at +11.2%. At the same time, Ghana (+62.3%), Mali (+28.4%), Cabo Verde (+10.4%) and Cote d'Ivoire (+2.3%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +62.3% from 2012-2021. Mauritania experienced a relatively flat trend pattern. By contrast, Nigeria (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal and Ghana increased by +19 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Ghana ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2021, together comprising 83% of total imports. These countries were followed by Mali, Cote d'Ivoire, Mauritania and Cabo Verde, which together accounted for a further 13%.

Mali, with a CAGR of +55.4%, recorded the highest growth rate of the value of imports, among 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 ton in 2021, falling by -35% against the previous year. Over the period under review, the import price, however, continues to indicate a measured increase. The growth pace was the most rapid in 2014 when the import price increased by 54% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Mali ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+20.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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