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Report Western Africa - Medicaments Containing Insulin But not Antibiotics - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Medicaments Containing Insulin But not Antibiotics - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Medicaments Containing Insulin Market 2024

Medicaments Containing Insulin Market Size in Western Africa

The West African medicaments containing insulin market dropped sharply to $X in 2021, reducing by -59.1% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Medicaments Containing Insulin Production in Western Africa

In value terms, medicaments containing insulin production dropped to $X in 2021 estimated in export price. Overall, production enjoyed a tangible increase. The growth pace was the most rapid in 2014 when the production volume increased by 505%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Medicaments Containing Insulin Exports

Exports in Western Africa

In 2020, the amount of medicaments containing insulin but not antibiotics exported in Western Africa declined significantly to X kg, dropping by -95.8% on the previous year. Over the period under review, exports showed a significant curtailment. The volume of export peaked at X tons in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

In value terms, medicaments containing insulin exports dropped sharply to $X in 2020. In general, exports faced a dramatic decrease. The level of export peaked at $X in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Nigeria (X kg), together resulting at 100% of total export.

Nigeria was also the fastest-growing in terms of the medicaments containing insulin but not antibiotics exports, with a CAGR of -38.9% from 2012 to 2020. While the share of Nigeria (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest medicaments containing insulin supplier in Western Africa.

In Nigeria, medicaments containing insulin exports decreased by an average annual rate of -48.4% over the period from 2012-2020.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2020, waning by -30.2% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2015 when the export price increased by 20%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2020, the export prices remained at a somewhat lower figure.

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

From 2014 to 2020, the rate of growth in terms of prices for Nigeria amounted to -15.6% per year.

Medicaments Containing Insulin Imports

Imports in Western Africa

In 2021, imports of medicaments containing insulin but not antibiotics in Western Africa declined dramatically to X tons, waning by -59.7% compared with 2020. In general, imports showed a mild shrinkage. The growth pace was the most rapid in 2018 when imports increased by 242%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, medicaments containing insulin imports reduced dramatically to $X in 2021. Overall, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 184% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

Nigeria represented the key importing country with an import of around X tons, which resulted at 80% of total imports. Ghana (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (8%).

From 2012 to 2021, average annual rates of growth with regard to medicaments containing insulin imports into Nigeria stood at -2.5%. At the same time, Senegal (+75.2%) and Ghana (+10.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +75.2% from 2012-2021. While the share of Senegal (+8 p.p.) and Ghana (+6.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Nigeria (-11.3 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported medicaments containing insulin but not antibiotics in Western Africa, comprising 96% of total imports. The second position in the ranking was taken by Ghana ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +10.8%. In the other countries, the average annual rates were as follows: Ghana (+3.1% per year) and Senegal (+58.4% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, increasing by 18% against the previous year. In general, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2019 an increase of 291% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana ($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 (+13.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria remains the largest medicaments containing insulin consuming country in Western Africa, comprising approx. 89% of total volume. Moreover, medicaments containing insulin consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, ninefold.
Togo constituted the country with the largest volume of medicaments containing insulin production, comprising approx. 100% of total volume.
In value terms, Nigeria $868) remains the largest medicaments containing insulin supplier in Western Africa.
In value terms, Nigeria constitutes the largest market for imported medicaments containing insulin but not antibiotics in Western Africa, comprising 99% of total imports. The second position in the ranking was occupied by Ghana, with a 0.9% share of total imports.
The medicaments containing insulin export price in Western Africa stood at $3,227 per ton in 2020, reducing by -89.6% against the previous year.
In 2020, the medicaments containing insulin import price in Western Africa amounted to $149,018 per ton, rising by 118% against the previous year.

This report provides an in-depth analysis of the medicaments containing insulin 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 21201230 - Medicaments containing insulin but not antibiotics, for therapeutic or prophylactic uses, not put up in measured doses or for retail sale

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    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, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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