Report Update Feb 1, 2025

Western Africa - Electro-Cardiographs - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Ecg Market 2025

Ecg Market Size in Western Africa

In 2021, the West African ECG market decreased by -18.3% to $X for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, consumption, however, enjoyed prominent growth. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Ecg Production in Western Africa

In value terms, ECG production contracted dramatically to $X in 2021 estimated in export price. In general, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 61% against the previous year. As a result, production attained the peak level of $X, and then shrank notably in the following year.

Ecg Exports

Exports by Country

In 2021, Cote d'Ivoire (X units) was the key exporter of electro-cardiographs, constituting 47% of total exports. It was distantly followed by Benin (X units), Ghana (X units), Nigeria (X units) and Senegal (X units), together mixing up a 53% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the electro-cardiographs exports, with a CAGR of +18.2% from 2012 to 2021. At the same time, Ghana (+8.0%) and Benin (+3.7%) displayed positive paces of growth. Senegal experienced a relatively flat trend pattern. By contrast, Nigeria (-4.4%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (+34 p.p.), Benin (+21 p.p.) and Ghana (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Senegal (-2.8 p.p.) and Nigeria (-9.5 p.p.) displayed negative dynamics.

In value terms, the largest ECG supplying countries in Western Africa were Cote d'Ivoire ($X), Benin ($X) and Nigeria ($X), together accounting for 89% of total exports.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of +22.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Ecg Imports

Imports in Western Africa

In 2021, approx. X units of electro-cardiographs were imported in Western Africa; falling by -23.3% compared with the previous year's figure. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 168%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ECG imports dropped modestly to $X in 2021. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 160% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Nigeria (X units) was the largest importer of electro-cardiographs, committing 53% of total imports. Ghana (X units) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (7.1%). The following importers - Guinea (X units), Senegal (X units), Liberia (X units) and Mauritania (X units) - together made up 12% of total imports.

Imports into Nigeria increased at an average annual rate of +25.2% from 2012 to 2021. At the same time, Guinea (+43.9%), Mauritania (+6.1%), Ghana (+5.3%), Cote d'Ivoire (+1.7%) and Senegal (+1.3%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +43.9% from 2012-2021. Liberia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Nigeria and Guinea increased by +36 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2021, with a combined 78% share of total imports. Senegal, Guinea, Mauritania and Liberia lagged somewhat behind, together comprising a further 13%.

Among the main importing countries, Guinea, with a CAGR of +42.6%, saw the highest growth rate of 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 2021, the import price in Western Africa amounted to $X per unit, increasing by 29% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 109% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Liberia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electro-cardiographs in Western Africa?

The countries with the highest volumes of ecg consumption in 2020 were Burkina Faso, Senegal and Cote d'Ivoire, with a combined 76% share of total consumption.

What are the largest producers of electro-cardiographs in Western Africa?

The countries with the highest volumes of ecg production in 2020 were Burkina Faso, Cote d'Ivoire and Ghana, with a combined 88% share of total production. Benin lagged somewhat behind, comprising a further 12%.

What are the leading exporters of electro-cardiographs in Western Africa?

In value terms, Ghana, Nigeria and Benin were the countries with the highest levels of exports in 2020, together comprising 100% of total exports.

What are the leading importers of electro-cardiographs in Western Africa?

In value terms, Ghana constitutes the largest market for imported electro-cardiographs in Western Africa, comprising 38% of total imports. The second position in the ranking was occupied by Senegal, with a 15% share of total imports. It was followed by Nigeria, with an 11% share.

What is the average export price for electro-cardiographs in Western Africa?

The ecg export price in Western Africa stood at $307 per unit in 2020, rising by 38% against the previous year.

What is the average import price for electro-cardiographs in Western Africa?

In 2020, the ecg import price in Western Africa amounted to $43 per unit, reducing by -63.8% against the previous year.

This report provides an in-depth analysis of the ecg market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26601230 - Electro-cardiographs

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024