ECOWAS: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Exports

Exports in ECOWAS

In 2022, approx. X tons of composite diagnostic or laboratory reagents were exported in ECOWAS; falling by X% against the year before. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, composite laboratory reagents exports skyrocketed to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal was the major exporter of composite diagnostic or laboratory reagents in ECOWAS, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Benin (X kg) held the second position in the ranking, followed by Mali (X kg), Ghana (X kg) and Cote d'Ivoire (X kg). All these countries together took near X% share of total exports. The following exporters - Niger (X kg) and Burkina Faso (X kg) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to composite laboratory reagents exports from Senegal stood at X%. At the same time, Mali (X%), Burkina Faso (X%) and Niger (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%), Ghana (X%) and Benin (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Benin (X p.p.), Mali (X p.p.) and Niger (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest composite laboratory reagents supplying countries in ECOWAS were Niger ($X), Mali ($X) and Burkina Faso ($X), with a combined X% share of total exports.

Mali, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. Overall, the export price saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Niger ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports in ECOWAS

In 2022, after two years of growth, there was significant decline in purchases abroad of composite diagnostic or laboratory reagents, when their volume decreased by X% to X tons. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted notably in the following year.

In value terms, composite laboratory reagents imports dropped to $X in 2022. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ghana (X tons), Burkina Faso (X tons), Benin (X tons), Nigeria (X tons), Cote d'Ivoire (X tons) and Togo (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Senegal (X tons), making up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Benin (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Ghana ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Benin, with a CAGR of X%, 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

In 2022, the import price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price enjoyed measured growth. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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