Key Market Indicators
Namibia's export of wound dressings plummeted significantly in 2023, dropping to approximately $257 from $533 in 2022. This represents a staggering 52% decline compared to the previous year. Since 2005, the country's supply has diminished by an average of 29% annually. In 2023, Namibia ranked 70th globally in wound dressing exports, with El Salvador slightly ahead at the same export value of $257. Leading the global rankings were Belgium, Germany, and Austria, securing the second, third, and fourth positions respectively. On the import front, Namibia's demand for wound dressings is projected to reach roughly $576,000 by 2028, up from about $506,000 in 2023. This indicates an average annual growth rate of 1.9%. Notably, since 2005, Namibian demand for wound dressings has increased by 6% each year.
