Western Africa: Veterinary Medicine Vaccines Market 2024

Veterinary Medicine Vaccines Market Size in Western Africa

The West African veterinary medicine vaccines market totaled $X in 2021, increasing by 10% against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Veterinary Medicine Vaccines Production in Western Africa

In value terms, veterinary medicine vaccines production declined to $X in 2021 estimated in export price. Over the period under review, production saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 39%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Veterinary Medicine Vaccines Exports

Exports in Western Africa

In 2021, the amount of vaccines for veterinary medicine exported in Western Africa soared to X tons, rising by 46% on the year before. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 111%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, veterinary medicine vaccines exports rose notably to $X in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 93%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

Senegal represented the main exporter of vaccines for veterinary medicine in Western Africa, with the volume of exports recording X tons, which was approx. 44% of total exports in 2021. Mali (X tons) held the second position in the ranking, distantly followed by Niger (X tons) and Benin (X tons). All these countries together held approx. 52% share of total exports. Burkina Faso (X kg) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +48.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Mali ($X) and Benin ($X) were the countries with the highest levels of exports in 2021, with a combined 76% share of total exports.

In terms of the main exporting countries, Benin, with a CAGR of +60.0%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, falling by -22.2% against the previous year. In general, the export price saw a slight slump. The most prominent rate of growth was recorded in 2019 an increase of 33%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Benin ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Veterinary Medicine Vaccines Imports

Imports in Western Africa

In 2021, supplies from abroad of vaccines for veterinary medicine increased by 30% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, veterinary medicine vaccines imports skyrocketed to $X in 2021. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the eight major importers of vaccines for veterinary medicine, namely Cote d'Ivoire, Burkina Faso, Senegal, Mali, Ghana, Nigeria, Niger and Mauritania, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Niger (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest veterinary medicine vaccines importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X), with a combined 52% share of total imports. Mali, Senegal, Burkina Faso, Niger and Mauritania lagged somewhat behind, together accounting for a further 42%.

Niger, with a CAGR of +34.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, increasing by 5.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.4%. The pace of growth was the most pronounced in 2016 an increase of 15% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per ton), while Mauritania ($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 (+12.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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