Western Africa: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2022

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Western Africa

The West African market for medicaments of alkaloids or derivatives thereof contracted significantly to $X in 2021, with a decrease of -X% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Medicaments Of Alkaloids Or Derivatives Thereof in Western Africa

In value terms, production of medicaments of alkaloids or derivatives thereof expanded sharply to $X in 2021 estimated in export price. Overall, production saw a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports in Western Africa

In 2021, approx. X tons of medicaments of alkaloids or derivatives thereof were exported in Western Africa; waning by -X% compared with the year before. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof fell slightly to $X in 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Senegal (X tons) represented the major exporter of medicaments of alkaloids or derivatives thereof, comprising X% of total exports. It was distantly followed by Cote d'Ivoire (X tons) and Benin (X tons), together achieving a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to medicaments of alkaloids or derivatives thereof exports from Senegal stood at -X%. At the same time, Cote d'Ivoire (+X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. By contrast, Benin (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cote d'Ivoire and Benin increased by +X and +X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest medicaments of alkaloids or derivatives thereof supplying countries in Western Africa were Senegal ($X), Benin ($X) and Cote d'Ivoire ($X), together accounting for X% of total exports.

Among the main exporting countries, Benin, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+X%), while the other leaders experienced a decline in the export price figures.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports in Western Africa

After two years of growth, purchases abroad of medicaments of alkaloids or derivatives thereof decreased by -X% to X tons in 2021. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of medicaments of alkaloids or derivatives thereof fell markedly to $X in 2021. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Cote d'Ivoire (X tons) and Mali (X tons) represented the major importers of medicaments of alkaloids or derivatives thereof in Western Africa, together mixing up X% of total imports. It was distantly followed by Nigeria (X tons), generating an X% share of total imports. Guinea (X tons), Niger (X tons) and Liberia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Liberia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported medicaments of alkaloids or derivatives thereof in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Cote d'Ivoire amounted to +X%. In the other countries, the average annual rates were as follows: Nigeria (-X% per year) and Mali (-X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Niger ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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