Western Africa: Antibiotic Market 2024

Antibiotic Market Size in Western Africa

After five years of growth, the West African antibiotic market decreased by X% to $X in 2023. Overall, consumption, however, posted a prominent expansion. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Antibiotic Production in Western Africa

In value terms, antibiotic production reduced modestly to $X in 2023 estimated in export price. The total production indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Antibiotic Exports

Exports in Western Africa

In 2023, after two years of growth, there was significant decline in overseas shipments of antibiotics, when their volume decreased by X% to X tons. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then dropped remarkably in the following year.

In value terms, antibiotic exports dropped significantly to $X in 2023. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Cote d'Ivoire was the main exporter of antibiotics in Western Africa, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Niger (X kg), mixing up a X% share of total exports. The following exporters - Nigeria (X kg), Burkina Faso (X kg) and Sierra Leone (X kg) - together made up X% of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the antibiotics exports, with a CAGR of X% from 2012 to 2023. At the same time, Nigeria (X%) and Niger (X%) displayed positive paces of growth. Burkina Faso experienced a relatively flat trend pattern. By contrast, Sierra Leone (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cote d'Ivoire, Niger, Burkina Faso, Nigeria and Sierra Leone increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest antibiotic supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Niger (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Antibiotic Imports

Imports in Western Africa

Antibiotic imports reduced rapidly to X tons in 2023, waning by X% compared with the previous year's figure. Overall, imports, however, continue to indicate a slight increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, antibiotic imports totaled $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Nigeria (X tons) was the main importer of antibiotics, committing X% of total imports. It was distantly followed by Ghana (X tons), comprising a X% share of total imports. Benin (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Benin ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, Benin, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the import price recorded a perceptible increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform