Western Africa: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Western Africa

In 2022, the West African medicaments containing hormones market decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Medicaments Containing Hormones Production in Western Africa

In value terms, medicaments containing hormones production amounted to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Medicaments Containing Hormones Exports

Exports in Western Africa

After two years of growth, shipments abroad of medicaments containing hormones but not antibiotics decreased by X% to X tons in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, medicaments containing hormones exports dropped rapidly to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Nigeria was the key exporting country with an export of around X tons, which accounted for X% of total exports. Ghana (X tons) took the second position in the ranking, distantly followed by Togo (X tons), Senegal (X tons) and Mali (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the largest medicaments containing hormones supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

In Nigeria, medicaments containing hormones exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, rising by X% against the previous year. In general, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the export price figures.

Medicaments Containing Hormones Imports

Imports in Western Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of medicaments containing hormones but not antibiotics, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021, and then fell notably in the following year.

In value terms, medicaments containing hormones imports shrank significantly to $X in 2022. In general, imports showed a perceptible slump. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria was the major importing country with an import of about X tons, which resulted at X% of total imports. Gambia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%). The following importers - Benin (X tons), Cote d'Ivoire (X tons), Mali (X tons) and Mauritania (X tons) - each recorded a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Cote d'Ivoire (X%) and Mali (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Gambia (X%), Mauritania (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Benin (X p.p.), Cote d'Ivoire (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mauritania (X p.p.), Gambia (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported medicaments containing hormones but not antibiotics in Western Africa, comprising X% of total imports. The second position in the ranking was held by Benin ($X), with an X% share of total imports. It was followed by Gambia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Benin (X% per year) and Gambia (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price showed a perceptible contraction. The growth pace was the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Benin ($X per ton), while Gambia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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