Western Africa: Market for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses 2022

Market Size for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses in Western Africa

The West African human and animal blood market soared to $X in 2021, increasing by X% against the previous year. In general, consumption saw prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses in Western Africa

In value terms, human and animal blood production expanded notably to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2016 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Exports in Western Africa

In 2021, overseas shipments of human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses decreased by -X% to X tons, falling for the third year in a row after seven years of growth. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, human and animal blood exports shrank notably to $X in 2021. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Senegal was the largest exporting country with an export of about X tons, which resulted at X% of total exports. Ghana (X kg) ranks second in terms of the total exports with a X% share, followed by Guinea (X%) and Nigeria (X%). The following exporters - Cote d'Ivoire (X kg) and Mali (X kg) - together made up X% of total exports.

From 2012 to 2021, average annual rates of growth with regard to human and animal blood exports from Senegal stood at -X%. At the same time, Ghana (+X%), Cote d'Ivoire (+X%), Nigeria (+X%) and Guinea (+X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. By contrast, Mali (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana, Guinea, Nigeria and Cote d'Ivoire increased by +X, +X, +X and +X percentage points, respectively.

In value terms, Ghana ($X), Senegal ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2021, together comprising X% of total exports. Guinea, Mali and Cote d'Ivoire lagged somewhat behind, together accounting for a further X d'Ivoire, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the export price in Western Africa amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Senegal ($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 (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Imports in Western Africa

In 2021, overseas purchases of human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, human and animal blood imports skyrocketed to $X in 2021. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria (X tons) represented roughly X% of total imports in 2021.

Nigeria was also the fastest-growing in terms of the human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses imports, with a CAGR of +X% from 2012 to 2021. Nigeria (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses in Western Africa.

From 2012 to 2021, the average annual growth rate of value in Nigeria amounted to +X%.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, declining by -X% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of X% 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.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to -X% per year.

Source: IndexBox Platform

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